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Property profile & analytics
OFF-MARKET
Estimated value
$4,130,000
Drug stores
1280 Demorest Rd Columbus, OH 43204-7003
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-0765414
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2002
Total area
14,735 SF
Lot
1.67 ac (72,571 SF)
APN
010-122746
UPID
US66-0765414
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
LibertyX Bitcoin ATM Atm
-
FedEx OnSite Postal Service Courier Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.13M
Owner & transaction history
Wg Oh LLC · 3 yrs held
Wg Oh LLC
since 2022
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+249.4%
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 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
$4,215,000
ML approach
$4,295,000
CAP Approach
CAP Return
Estimation
6%
$2,830,000
6.5%
$2,615,000
7%
$2,425,000
Alternative Use
Use
Estimation
RESTAURANT
$3,360,000
Change: +249% · Conversion: Easy
Blend value · Realmo final
$4.13M
Range $3.72M – $4.54M · ±10% · vs last sale $4.00M (Sep 29 2022)
Last sale anchor
$4.00M
Sep 29 2022
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
$280 / 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
$61,151
Tax year 2023
Assessed value
$837,140
Assessed 2023
Previous assessed
$615,480
+36.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$254,000
Assessed improvement
$583,140
Land market value
$725,700
Improvement market value
$1,666,100
Total market value
$2,391,800
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2002
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
14,735 SF
Lot
1.67 ac (72,571 SF)
APN
010-122746
UPID
US66-0765414
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
$3.4M
RESTAURANT
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
1
Buildings
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Wg Oh LLC
Entity
Free & Clear · 3 yrs held
Mailing address
91 CROFT LN, SMITHTOWN, NY 11787-4111
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
$4,000,000
Wg Oh LLC
Cougill LLC
Warranty Deed
—
Feb 16, 2010
—
Cougill LLC
Cougill,max E & Mary
Quit Claim Deed
related
—
Jul 30, 2009
$110,562
Franklin County Commissioners
Cougill,max E
Warranty Deed
—
Sep 4, 2002
$3,937,500
Columbus-clime LLC
—
Grant Deed
related
—
Dec 4, 2001
$350,000
Columbus Clime LLC
Eversman Development LLC
Grant Deed
—
Dec 4, 2001
$214,000
Columbus Clime LLC
Bank One NA
Grant Deed
—
Dec 4, 2001
$272,000
Columbus Clime LLC
Luong,hung B & Shuyi Q
Grant Deed
—
Dec 4, 2001
—
Columbus City (oh)
Columbus-clime LLC
Quit Claim Deed
related
—
Sep 2, 1998
$1,100,000
Eversman Development LLC
Perry-demorest 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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