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Property profile & analytics
OFF-MARKET
Estimated value
$7,025,000
Medical Office Space
1210 Gemini Pl Columbus, OH 43240-6109
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-2792917
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
46,656 SF
Lot
1.97 ac (85,770 SF)
APN
318-432-01-002-004
UPID
US66-2792917
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
James F Nappi, MD Physician Medical Clinic
-
Thomas Kovack Physician
-
Timothy Iorio, MD Physician
-
Raymond Kobus, MD, Hand and Microsurgery Associates Physician
-
Gerald M. Rosenberg MD, MBA - ORTHOINTEL Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.56M
Comparable Approach
Comparable
$7.82M
Blend (final)
Blend
$7.03M
Owner & transaction history
Polaris Medical Office Dev LLC · 10 yrs held
Polaris Medical Office Dev LLC
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.6M
+68.9%
Auto repair, garage
$7.4M
+17.4%
Apartment house (5+ units)
$6.8M
+7.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,270,000
6.5%
$8,560,000
7%
$7,945,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,300,000
Current use
RESTAURANT
$10,640,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,400,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,765,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$6,660,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,045,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$7.03M
Range $6.32M – $7.73M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$151 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$65,272
Tax year 2023
Assessed value
$2,616,810
Assessed 2023
Previous assessed
$2,177,740
+20.2% YoY
Effective rate
2.49%
On assessed value
Assessed land
$275,660
Assessed improvement
$2,341,150
Land market value
$787,600
Improvement market value
$6,689,000
Total market value
$7,476,600
Applied tax rate
46.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Heating
YES
Cooling
YES
Stories
3
Total area
46,656 SF
Lot
1.97 ac (85,770 SF)
APN
318-432-01-002-004
UPID
US66-2792917
Jurisdiction
DELAWARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.3M
RESTAURANT
Est. value
$10.6M
AUTO REPAIR, GARAGE
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
YES
Cooling
Yes
Stories
3
Lot
1.97 ac
Current owner
From public records · entity-resolved
Polaris Medical Office Dev LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1210 GEMINI PL, COLUMBUS, OH 43240-6109
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2016
—
Polaris Medical Office Dev LLC
Davis Thomas R
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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