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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Medical Office Space
1329 Cherry Way Dr, Gahanna, OH 43230-6777
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-1812036
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
14,499 SF
Lot
1.7 ac (74,008 SF)
APN
025-009764
UPID
US66-1812036
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
-
Dr. Bianca Chin, MD Physician Medical Clinic
-
Columbus Aesthetics & Women's Health Medical Clinic
-
Re-Hydrate Wellness IV Hydration Medical Clinic
-
Apex Counseling Services Psychotherapist
-
Cornerstone Family Health Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.44M
Owner & transaction history
Mbm Equity LLC · 10 yrs held
Mbm Equity LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+17.4%
Apartment house (5+ units)
$2.1M
+7.4%
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 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
MEDICAL BUILDING
$1,960,000
Current use
AUTO REPAIR, GARAGE
$2,300,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,100,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$1,955,000
Change: 0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,565,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$99 / 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
$47,506
Tax year 2023
Assessed value
$572,740
Assessed 2023
Previous assessed
$519,760
+10.2% YoY
Effective rate
8.29%
On assessed value
Assessed land
$177,310
Assessed improvement
$395,430
Land market value
$506,600
Improvement market value
$1,129,800
Total market value
$1,636,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
14,499 SF
Lot
1.7 ac (74,008 SF)
APN
025-009764
UPID
US66-1812036
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
MEDICAL BUILDING Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1992
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Mbm Equity LLC
Entity
Mailing address
186 COUNTRY CLB RD, ASHEVILLE, NC 28804-3650
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2015
—
Mbm Equity LLC
Clay Street Investments LLC
Warranty Deed
—
May 14, 2014
$1,100,000
Clay Street Investments LLC
Wells Fargo Bank NA
Limited Warranty Deed
$580,000 · The Guernsey Bank
May 15, 2013
$1,200,000
Wells Fargo Bank NA 2006-c4 Tr
Sheriff Of Franklin County
Trustees Deed
related
—
Jun 9, 2006
—
Jmw Gahanna LLC
Cardinal Title Holding Co
Quit Claim Deed
related
—
Mar 3, 2006
$2,150,000
Cardinal Title Holding Co
Dallepezze,georgia
Grant Deed
$1,700,000 · Park National Bank
Feb 13, 1998
—
Cardinal Title Holding Co
Cheses,david & Georgia
Quit Claim Deed
related
—
—
—
Mbm Equity LLC
—
Deed Of Trust
related
$79,000 · Lynette D Roth
—
—
Jmw Gahanna LLC
—
Deed Of Trust
related
$1,760,000 · Column Financial INC
—
—
Mbm Equity LLC
—
Deed Of Trust
related
$535,077 · First Fin'l Bk&tr
—
—
Mbm Equity LLC
—
Deed Of Trust
related
$277,757 · First Fin'l Bk&tr
—
—
Mbm Equity LLC
—
Deed Of Trust
related
$300,000 · Dennis Living Trust (lt)
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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