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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Strip malls
1230 Demorest Rd 1262 Columbus, OH 43204-7003
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-5562224
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Total area
76,288 SF
Lot
5.35 ac (233,046 SF)
APN
010-123465
UPID
US66-5562224
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
-
Bingo hall Bingo Hall
-
Smokie Talkie (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
-
Bitcoin ATM Columbus - Coinhub Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.84M
Owner & transaction history
Franklin County Commissioners · 18 yrs held
Franklin County Commissioners
since 2008
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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±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
$24 / 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
$48,552
Tax year 2023
Assessed value
$928,950
Assessed 2023
Previous assessed
$847,010
+9.7% YoY
Effective rate
5.23%
On assessed value
Assessed land
$244,690
Assessed improvement
$684,260
Land market value
$699,100
Improvement market value
$1,955,000
Total market value
$2,654,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1971
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
76,288 SF
Lot
5.35 ac (233,046 SF)
APN
010-123465
UPID
US66-5562224
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
Building & site characteristics
From public records
Year built
1971
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
5.35 ac
Current owner
From public records · entity-resolved
Franklin County Commissioners
Entity
Mailing address
3909 GRVS RD, COLUMBUS, OH 43232-4138
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2017
—
K F Management LLC
—
Deed
related
$1,950,000 · First Federal Bank Of The Midwest
Dec 5, 2012
—
Kf Management LLC
—
Grant Deed
related
$1,920,000 · Commercial Savings Bank
Jul 21, 2008
$4,495,900
Franklin County Commissioners
Kf Management LLC
Warranty Deed
—
Jul 2, 2004
—
Dsm Holdings LLC
Eversman Development LLC
Quit Claim Deed
related
—
Sep 2, 1998
$1,100,000
Eversman Development LLC
Perry-demorest Ltd
Grant Deed
$700,000 · Key Bank NA
—
—
Eversman Development LLC
—
Deed Of Trust
related
$100,000 · Huntington National Bank
—
—
Eversman Development LLC
—
Deed Of Trust
related
$800,000 · Huntington National Bank
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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