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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Medical Office Space
1219 County Line Rd Westerville, OH 43081-6001
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US66-0942480
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
5,628 SF
Lot
1.09 ac (47,698 SF)
APN
080-011142
UPID
US66-0942480
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
-
Merit Dental Westerville Corporate Office
-
Irvine Chiropractic and Functional Medicine Alternative Medicine Practice
-
Vitality Chiropractic Alternative Medicine Practice
-
Merit Dental Dental Office
-
Dr. Gada Hunte Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$950k
Owner & transaction history
Rer & Mer Properties Ltd · 16 yrs held
Rer & Mer Properties Ltd
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville 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%
$930,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$970,000
Current use
AUTO REPAIR, GARAGE
$930,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$925,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$815,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$169 / 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
$21,349
Tax year 2023
Assessed value
$259,880
Assessed 2023
Previous assessed
$259,880
+0.0% YoY
Effective rate
8.21%
On assessed value
Assessed land
$73,470
Assessed improvement
$186,410
Land market value
$209,900
Improvement market value
$532,600
Total market value
$742,500
Applied tax rate
80.0000
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
2005
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,628 SF
Lot
1.09 ac (47,698 SF)
APN
080-011142
UPID
US66-0942480
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
MEDICAL BUILDING Current
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$930,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$815,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Rer & Mer Properties Ltd
Entity
Mailing address
1219 COUNTY LINE RD, WESTERVILLE, OH 43081-6001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2019
—
Rer & Mer Properties Ltd
—
Deed
related
$612,000 · First Federal Bank Of The Midwest
Jun 20, 2017
—
Rer & Mer Properties Ltd
—
Deed
related
$542,500 · Private Individual
Aug 14, 2009
$306,800
Rer & Mer Properties Ltd
Hamilton Commerce Ltd
Warranty Deed
$486,650 · Advantage Bank
Sep 21, 2004
—
Sbr Ents LLC
Hamilton Commerce Ltd
Grant Deed
$2,373,000 · Fifth Third Bank Central Ohio
Sep 8, 2004
—
Hamilton Commerce Ltd
Mann Richard L
Grant Deed
related
—
Jun 24, 2004
$525,000
Hamilton Commerce Ltd
Shoemaker,robert W & Dona A
Grant Deed
$420,000 · Heartland Bank
May 25, 2004
—
Robert W Shoemaker
Bas Asset Management Co
Quit Claim Deed
related
—
Nov 29, 1999
$471,900
B A S Asset Management Co
W & K Development Ltd
Grant Deed
related
—
Aug 31, 1999
$19,100
Lefkovitz Development LLC
W & K Development Ltd
Grant Deed
—
Nov 5, 1998
$175,000
Lefkovitz Development LLC
W & K Development Ltd
Grant Deed
$175,000 · National City Bank Northeast
Apr 28, 1998
—
W & K Development Ltd
Keethler Co
Grant Deed
$480,000 · National City Bank
—
—
Rer & Mer Properties Ltd
—
Deed Of Trust
related
$320,000 · J P Morgan Chase Bank
—
—
Rer & Mer Properties Ltd
—
Deed Of Trust
related
$542,500 · Private Individual
—
—
Rer & Mer Properties Ltd
—
Deed Of Trust
related
$700,000 · J P Morgan Chase Bank
—
—
Rer & Mer Properties Ltd
—
Deed Of Trust
related
$38,270 · Leigh Investments INC
—
—
Rer & Mer Properties Ltd
—
Deed Of Trust
related
$332,000 · Community Capital Dev Corp
—
—
Rer & Mer Properties Ltd
—
Deed Of Trust
related
$400,000 · J P Morgan Chase Bank
—
—
Rer & Mer Properties Ltd
—
Deed Of Trust
related
$89,000 · Community Capital Dev Corp
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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