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Property profile & analytics
OFF-MARKET
Estimated value
$9,495,000
Strip malls
1247 Hamilton Rd 1257 Gahanna, OH 43230-6785
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1522103
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Total area
92,786 SF
Lot
21.35 ac (929,875 SF)
Zoning code
1247
APN
025-010785
UPID
US66-1522103
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
-
Expressions Floral Design Studio (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.50M
Owner & transaction history
Sephora USA INC · 2 yrs held
Sephora USA INC
since 2023
5 recorded transactions
Zoning & alternative use
1247 · Gahanna, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.7M
+46.7%
Apartment house (5+ units)
$13.5M
+34.1%
Medical building
$12.5M
+24.9%
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 Gahanna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gahanna 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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,030,000
Current use
AUTO REPAIR, GARAGE
$14,715,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,450,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$12,530,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$12,510,000
Change: +25% · Conversion: Moderate
RETAIL STORES
$9,960,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,010,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$9.50M
Range $8.55M – $10.44M · ±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
$102 / 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
$680,697
Tax year 2023
Assessed value
$8,206,560
Assessed 2023
Previous assessed
$7,646,110
+7.3% YoY
Effective rate
8.29%
On assessed value
Assessed land
$2,766,370
Assessed improvement
$5,440,190
Land market value
$7,903,900
Improvement market value
$15,543,400
Total market value
$23,447,300
Applied tax rate
25.0000
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
1995
Heating
YES
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
92,786 SF
Lot
21.35 ac (929,875 SF)
Zoning code
1247
APN
025-010785
UPID
US66-1522103
Jurisdiction
FRANKLIN
Zoning & alternative use
1247 · Gahanna, OH
Zoning 1247 · permitted uses
1247 · Gahanna, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gahanna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.0M
AUTO REPAIR, GARAGE
Est. value
$14.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.5M
MEDICAL BUILDING
Est. value
$12.5M
OFFICE BUILDING
Est. value
$12.5M
RETAIL STORES
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
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
1995
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
21.35 ac
Current owner
From public records · entity-resolved
Sephora USA INC
Entity
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
—
Sephora USA INC
Stoneridge Plaza Shops LLC
Lease
—
Jan 4, 2017
—
Stoneridge Plaza Shops LLC
—
Grant Deed
related
$31,850,000 · Swiss Re Life & Health America
Jan 3, 2011
—
Stoneridge Plaza Shops LLC
Morse & Hamilton LP
Grant Deed
related
$24,125,000 · John Hancock Life Insurance Co
Dec 31, 2003
—
Morse LP
—
Deed Of Trust
related
$23,700,000 · Prudential Mortgage Capital Co
Nov 30, 1999
—
Morse LP
—
Deed Of Trust
related
$20,400,000 · Prudential Insurance Co
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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