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Property profile & analytics
OFF-MARKET
Estimated value
$9,140,000
Strip malls
1357 1425th Worthngton Ctr Dr Columbus, OH 43085
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1584388
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Total area
83,382 SF
Lot
11.65 ac (507,605 SF)
APN
610-204273
UPID
US66-1584388
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.14M
Owner & transaction history
Worthington Park LLC · 6 yrs held
Worthington Park LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.2M
+46.7%
Apartment house (5+ units)
$12.1M
+34.1%
Medical building
$11.3M
+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 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
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
$9,010,000
Current use
AUTO REPAIR, GARAGE
$13,225,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,085,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$11,260,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$8,950,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$8,615,000
Change: -4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,095,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$9.14M
Range $8.23M – $10.05M · ±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
$110 / 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
$411,678
Tax year 2023
Assessed value
$4,561,420
Assessed 2023
Previous assessed
$2,429,040
+87.8% YoY
Effective rate
9.03%
On assessed value
Assessed land
$1,776,640
Assessed improvement
$2,784,780
Land market value
$5,076,100
Improvement market value
$7,956,500
Total market value
$13,032,600
Applied tax rate
610.0000
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
1992
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
83,382 SF
Lot
11.65 ac (507,605 SF)
APN
610-204273
UPID
US66-1584388
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$13.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.1M
MEDICAL BUILDING
Est. value
$11.3M
RETAIL STORES
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1992
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
11.65 ac
Current owner
From public records · entity-resolved
Worthington Park LLC
Entity
Mailing address
3333 RICHMOND RD STE #350, BEACHWOOD, OH 44122-4196
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2019
—
Worthington Park LLC
Worthington Center Realty LLC
Quit Claim Deed
related
—
Dec 24, 2019
—
Worthington Center Realty LLC
Worthington Park LLC
Quit Claim Deed
related
—
Aug 9, 2006
$10,750,000
Worthington Park LLC
Regency Centers
Grant Deed
$8,900,000 · Huntington National Bank
Nov 8, 1999
—
Columbus City (oh)
Regency Centers LP
Grant Deed
related
—
May 11, 1998
$9,580,300
Regency Centers
Worthington Development Co
Grant Deed
—
—
—
Worthington Park LLC
—
Deed Of Trust
related
$5,000,000 · Cmfg Life Ins 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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