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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Retail residential properties
1214-1216 Main St Columbus, OH 43205
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-1148010
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Construction
WOOD
Total area
4,890 SF
Lot
0.06 ac (2,701 SF)
APN
010-132070
UPID
US66-1148010
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$760k
Owner & transaction history
Rivendell Properties LLC · 8 yrs held
Rivendell Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$775,000
+59.4%
Office building
$700,000
+43.5%
Medical building
$660,000
+35.8%
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%
$935,000
6.5%
$865,000
7%
$800,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$485,000
Current use
AUTO REPAIR, GARAGE
$775,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$660,000
Change: +36% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$525,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$155 / 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
$8,157
Tax year 2023
Assessed value
$111,660
Assessed 2023
Previous assessed
$105,000
+6.3% YoY
Effective rate
7.31%
On assessed value
Assessed land
$5,990
Assessed improvement
$105,670
Land market value
$17,100
Improvement market value
$301,900
Total market value
$319,000
Applied tax rate
10.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
1
Stories
2
Total area
4,890 SF
Lot
0.06 ac (2,701 SF)
APN
010-132070
UPID
US66-1148010
Jurisdiction
FRANKLIN
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
COMMERCIAL (GENERAL) Current
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$775,000
OFFICE BUILDING
Est. value
$700,000
MEDICAL BUILDING
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$530,000
RETAIL STORES
Est. value
$525,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1920
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Rivendell Properties LLC
Entity
Mailing address
423 WESTLAND AVE, BEXLEY, OH 43209-1663
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
—
Rivendell Properties LLC
—
Deed
related
$825,000 · Riverside Bank Of Dublin
Apr 17, 2024
—
Rivendell Properties LLC
—
Deed
related
$727,500 · Iserve Residential Lending LLC
Jan 19, 2023
—
Rivendell Properties LLC
—
Deed
related
$800,000 · Park National Bank
Aug 18, 2020
—
Rivendell Properties LLC
—
Deed
related
$295,000 · Ameriserv Financial Bank
Jul 6, 2018
$360,000
Rivendell Properties LLC
Coates,thomas E & Que
Warranty Deed
—
May 1, 2018
$96,000
1214-1216 East Main
Coates,thomas E & Que
Quit Claim Deed
related
—
Nov 12, 2015
$100,000
Thomas E Coates
Wallace,robert
Grant Deed
—
Jul 23, 1999
$100,000
Thomas E Coates
Wallace,robert
Grant Deed
$91,500 · Seller
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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