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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
124 Dorchester S Sq Westerville, OH 43081-7302
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-1649768
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
3,996 SF
Lot
0.13 ac (5,793 SF)
Zoning code
O
APN
080-004355
UPID
US66-1649768
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
-
Lee S. Rosenthal Attorney at Law Law Firm
-
Retirement Plans, Inc. Consultant
-
Lee Charles J MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$600k
Owner & transaction history
Aaeh Investments LLC · 9 yrs held
Aaeh Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
O · Westerville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 4)
Top alternative use upside
Medical building
$690,000
+39.1%
Auto repair, garage
$660,000
+33.0%
Neighborhood: shopping center
$655,000
+32.4%
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%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$495,000
Current use
MEDICAL BUILDING
$690,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$660,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$500,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$400,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$150 / 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
$12,493
Tax year 2023
Assessed value
$152,080
Assessed 2023
Previous assessed
$152,080
+0.0% YoY
Effective rate
8.21%
On assessed value
Assessed land
$12,430
Assessed improvement
$139,650
Land market value
$35,500
Improvement market value
$399,000
Total market value
$434,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
3,996 SF
Lot
0.13 ac (5,793 SF)
Zoning code
O
APN
080-004355
UPID
US66-1649768
Jurisdiction
FRANKLIN
Zoning & alternative use
O · Westerville, OHZoning O · permitted uses
O · Westerville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 4)
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$495,000
MEDICAL BUILDING
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
RETAIL STORES
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$400,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
2002
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Aaeh Investments LLC
Entity
Mailing address
4600 TENSWEEP, NEW ALBANY, OH 43054-8917
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2017
$395,000
Aaeh Investments LLC
Mcdj LLC
Warranty Deed
$460,000 · State Bk&tr
Oct 2, 2013
$388,000
Mcdj LLC
Medispec Management Svcs INC
Warranty Deed
—
Oct 6, 2003
$450,000
Medispec Management Services
Ronk,otis W
Grant Deed
$162,000 · Huntington National Bank
Jun 14, 2001
$462,000
Mark W Anderson
Ronk,otis W
Grant Deed
—
Jun 4, 2001
—
Otis W Ronk
Central Ohio Building Co INC
Grant Deed
related
—
Feb 23, 2001
—
Concord Square Office Park
Ronk,otis W
Quit Claim Deed
related
—
Dec 16, 1999
—
Concord Square Office Park
Ronk,otis W
Quit Claim Deed
related
—
Apr 2, 1999
—
Otis W Ronk
Patrick Boggs Trustee
Quit Claim Deed
related
—
Apr 2, 1999
$69,400
Spirit Communications INC
Patrick Boggs Trustee
Quit Claim Deed
related
—
Mar 18, 1998
$26,800
Sutliff Builders INC
Ronk,otis W
Grant Deed
$200,000 · Delaware County Bank & Trust
—
—
Mark W Anderson
—
Deed Of Trust
related
$392,700 · Guernsey Bank Fsb
—
—
Mountaintop Enterprises INC
—
Deed Of Trust
related
$103,000 · Columbus Countywide Dev Corp
—
—
Medispec Management Svcs INC
—
Deed Of Trust
related
$162,000 · Ohio State
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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