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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Outlet malls
1391 Main St Columbus, OH 43205-2035
Entity Owned
~
Est. High Equity
Property ID
US66-4202774
Property summary
AI-generated overview
This Columbus, Ohio retail property offers a compelling investment opportunity. The 9,002 square foot building, constructed in 2012, is situated on a 0.92-acre lot at 1391 E Main St, in the 43205 zip code. Currently 100% occupied by a Dollar General store under an absolute NNN lease with a corporate guarantee, the property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $107,814. The lease, originally commencing November 30, 2012, has a remaining term of 3 years, with three (5) year lease options, each including a 10% rent bump. The property benefits from high traffic counts exceeding 15,500 vehicles daily and is strategically located near Franklin University, Ohio State University, and WGU Ohio, within a densely populated area. This investment provides a secure, low-maintenance income stream with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio. The 15-year initial lease term expired on November 30, 2027. The property's location offers access to a large consumer base, with over 135,000 people residing within a 3-mile radius.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2012
Total area
9,504 SF
Lot
0.9 ac (39,335 SF)
APN
010-038945
UPID
US66-4202774
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.38M
Owner & transaction history
Ran Enterprises LLC
Ran Enterprises LLC
since 2025
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+112.5%
Auto repair, garage
$1.5M
+47.8%
Apartment house (5+ units)
$1.4M
+35.1%
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%
$1,825,000
6.5%
$1,685,000
7%
$1,565,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,020,000
Current use
RESTAURANT
$2,165,000
Change: +112% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,505,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,380,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,355,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$1,285,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$945,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.13M (Jun 5 2025)
Last sale anchor
$1.13M
Jun 5 2025
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
$145 / 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
$26,217
Tax year 2023
Assessed value
$358,900
Assessed 2023
Previous assessed
$299,150
+20.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$68,780
Assessed improvement
$290,120
Land market value
$196,500
Improvement market value
$828,900
Total market value
$1,025,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2012
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
9,504 SF
Lot
0.9 ac (39,335 SF)
APN
010-038945
UPID
US66-4202774
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
RETAIL STORES Current
Est. value
$1.0M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$945,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2012
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Ran Enterprises LLC
Entity
Mailing address
7434 WYNDLE CT, DUBLIN, OH 43016-8243
Ownership since
2025
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
Sep 5, 2025
$1,130,000
Ran Enterprises LLC
Main St Dg LLC
Deed
$644,100 · Silver Hill Capital LLC
Apr 16, 2020
—
Main St Dg LLC
—
Deed
related
$830,000 · The Ohio Valley Bank Company
Aug 10, 2012
$217,000
Main St Dg LLC
Victorious Redeemer Full Gospe
Warranty Deed
—
Feb 29, 2000
—
Victorious Redeemer Full
Redeemer Ame Zion Church
Quit Claim Deed
related
—
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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