Entity Owned
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For Sale
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1220 Parsons Ave, Columbus, OH 43206
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Property summary
AI-generated overview
This fully renovated, stabilized mixed-use property in Columbus, Ohio, presents a compelling investment opportunity. Located at 1220-1222 Parsons Ave, this 2,628 square foot building boasts a desirable location near downtown Columbus and its thriving neighborhoods. Built in 1900 and extensively renovated in 2021, the property features a unique blend of commercial and residential space. The building comprises three units: one ground-floor retail space and two apartments on the second floor – a one-bedroom loft and a two-bedroom unit. Each unit benefits from separate gas and electric meters, simplifying utility management. The property includes four assigned off-street parking spaces for tenants, a valuable amenity in this location. The asking price is $570,000. The property sits on a 0.1-acre lot and is a two-story structure. The Franklin County property (APN 010-053034) currently has 33% occupancy. This is a NNN lease type with three tenants. Serious inquiries only; curb offers are preferred. Please do not disturb tenants.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Total area
2,628 SF
Lot
0.1 ac (4,530 SF)
APN
010-053034
UPID
US66-1183695
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$215k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$200k
Owner & transaction history
since 2021
Last sale
$220,000
7 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$200k
Value range
$180k – $220k
±10% around blend
Estimated value / SF
$76 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$180k
blend $200k
$220k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,628 SF
Lot area
0.1 ac
Year built
1900
Stories
2
APN
010-053034
Assessed value
$106,410
Annual tax
$7,896
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$262k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.5 mi away · 2,014 SF
10.8 mi away · 2,792 SF
10.8 mi away · 2,792 SF
11.5 mi away · 2,400 SF
20.4 mi away · 2,240 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$200k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 16 sales
$49
+57%
Submarket 351 sales
$97
-22%
County 445 sales
$100
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $76/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$220k
Move the market yield to see immediate price impact.
Value / SF
$84
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$14k
$277k
$198k
$154k
$15k
$308k
$220k
$171k
$17k
$339k
$242k
$188k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$200k
5.2 mi · Dec 2025 · $78/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,896
Tax year 2023
Assessed value
$106,410
Assessed 2023
Previous assessed
$84,700
+25.6% YoY
Effective rate
7.42%
On assessed value
Assessed land
$7,250
Assessed improvement
$99,160
Land market value
$20,700
Improvement market value
$283,300
Total market value
$304,000
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
1900
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
5
Bathrooms
1
Total area
2,628 SF
Lot
0.1 ac (4,530 SF)
APN
010-053034
UPID
US66-1183695
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1900
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
5
Bathrooms
1
Lot
0.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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