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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office buildings
1243 Broad St Columbus, OH 43205-1404
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2099395
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
5,814 SF
Lot
0.29 ac (12,415 SF)
APN
010-038351
UPID
US66-2099395
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
-
Loliya Idoniboye, DO, MPH Pediatrician Physician
-
Integrative Wellness Center Medical Clinic
-
Kenneth Nwogu, MSN, APRN, FNP-C, PMHNP-BC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$725k
Owner & transaction history
614 Homes Real Estate LLC · 4 yrs held
614 Homes Real Estate LLC
since 2021
Last sale
$657,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$920,000
+11.1%
Apartment house (5+ units)
$845,000
+1.6%
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
$825,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$830,000
Current use
AUTO REPAIR, GARAGE
$920,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$785,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $657k (Jul 29 2021)
Last sale anchor
$657k
Jul 29 2021
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
$125 / 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
$12,526
Tax year 2023
Assessed value
$171,470
Assessed 2023
Previous assessed
$170,940
+0.3% YoY
Effective rate
7.31%
On assessed value
Assessed land
$35,910
Assessed improvement
$135,560
Land market value
$102,600
Improvement market value
$387,300
Total market value
$489,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Units
1
Rooms
22
Bathrooms
1
Total area
5,814 SF
Lot
0.29 ac (12,415 SF)
APN
010-038351
UPID
US66-2099395
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
OFFICE BUILDING Current
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$920,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
MEDICAL BUILDING
Est. value
$785,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1900
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
22
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
614 Homes Real Estate LLC
Entity
Mailing address
609 BREVARD CIR, PICKERINGTON, OH 43147-7875
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
—
614 Homes Real Estate LLC
—
Deed
related
$657,000 · Fifth Third Bank NA
Jul 29, 2021
$480,000
614 Homes Real Estate LLC
Eye For Change Youth And Family Svc
Warranty Deed
$657,000 · Fifth Third Bank NA
Aug 10, 2020
$530,100
Eye For Change Youth & Fam Svc
Twelve Forty Three Co
Warranty Deed
—
—
—
Twelve Forty Three Co
—
Deed Of Trust
related
$230,000 · 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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