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Property profile & analytics
OFF-MARKET
Estimated value
$20,800,000
Industrial land
1225 Boltonfield St Columbus, OH 43228-3693
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-3830294
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1998
Total area
118,618 SF
Lot
6.84 ac (298,125 SF)
APN
570-223508
UPID
US66-3830294
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
$22.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.80M
Owner & transaction history
Iip Oh 2 LLC · 3 yrs held
Iip Oh 2 LLC
since 2023
Last sale
$20.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.1M
+147.3%
Auto repair, garage
$18.8M
+72.0%
Apartment house (5+ units)
$17.2M
+57.2%
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
$20,715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,140,000
6.5%
$22,280,000
7%
$20,690,000
Alternative Use
Use
Estimation
RESTAURANT
$27,050,000
Change: +147% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,810,000
Change: +72% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$17,195,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$16,930,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$16,015,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,820,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$20.80M
Range $18.72M – $22.88M · ±10% · vs last sale $20.10M (Mar 7 2023)
Last sale anchor
$20.10M
Mar 7 2023
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
$175 / 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
$5,433
Tax year 2023
Assessed value
$87,190
Assessed 2023
Previous assessed
$92,680
-5.9% YoY
Effective rate
6.23%
On assessed value
Assessed land
$87,190
Land market value
$249,100
Total market value
$249,100
Applied tax rate
570.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
YES
Total area
118,618 SF
Lot
6.84 ac (298,125 SF)
APN
570-223508
UPID
US66-3830294
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
RESTAURANT
Est. value
$27.1M
AUTO REPAIR, GARAGE
Est. value
$18.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.2M
OFFICE BUILDING
Est. value
$16.9M
MEDICAL BUILDING
Est. value
$16.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL 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
1998
Heating
NONE
Cooling
Yes
Lot
6.84 ac
Current owner
From public records · entity-resolved
Iip Oh 2 LLC
Entity
Mailing address
11440 W BERNARDO CT STE #100, SAN DIEGO, CA 92127-1642
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2026
—
Iip-oh 2 LLC
—
Deed
related
$56,000,000 · Thorofare Asset Based Lending Rei
Mar 7, 2023
$20,100,000
Iip Oh 2 LLC
Battle Green Real Estate LLC
Limited Warranty Deed
$37,000,000 · Chicago Atlantic Admin LLC
Mar 7, 2023
—
Battle Green Real Estate LLC
Iip Oh 2 LLC
Lease
$37,000,000 · Chicago Atlantic Admin LLC
Nov 16, 2021
—
Battle Green Real Estate LLC
Cannamed Therapeuties LLC
Limited Warranty Deed
$100,000 · Chicago Atlantic Admin LLC
Jun 19, 2017
$230,300
Cannamed Therapeutics LLC
Capitol Square Ltd
Warranty Deed
$300,000 · Richard Frazier
Mar 18, 1998
$761,700
Boise Cascade Office Products
Capitol Square Ltd
Grant Deed
—
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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