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Property profile & analytics
OFF-MARKET
Estimated value
$25,965,000
Retail residential properties
1398-1400 High St Columbus, OH 43201
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2203887
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2017
Total area
171,295 SF
Lot
1.15 ac (49,920 SF)
APN
010-064241
UPID
US66-2203887
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
$30.24M
Comparable Approach
Comparable
$19.25M
Blend (final)
Blend
$25.97M
Owner & transaction history
Brinker Restaurant Corporation · 4 yrs held
Brinker Restaurant Corporation
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$39.1M
+41.0%
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%
$32,760,000
6.5%
$30,240,000
7%
$28,080,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$27,705,000
Current use
RESTAURANT
$39,060,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$27,165,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$24,450,000
Change: -12% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$24,055,000
Change: -13% · Conversion: Moderate
MEDICAL BUILDING
$23,130,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$25.97M
Range $23.37M – $28.56M · ±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
$152 / 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
$147,934
Tax year 2023
Assessed value
$11,939,910
Assessed 2023
Previous assessed
$11,524,670
+3.6% YoY
Effective rate
1.24%
On assessed value
Assessed land
$349,550
Assessed improvement
$11,590,360
Land market value
$998,700
Improvement market value
$33,115,300
Total market value
$34,114,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2017
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
6
Total area
171,295 SF
Lot
1.15 ac (49,920 SF)
APN
010-064241
UPID
US66-2203887
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
COMMERCIAL (GENERAL) Current
Est. value
$27.7M
RESTAURANT
Est. value
$39.1M
AUTO REPAIR, GARAGE
Est. value
$27.2M
OFFICE BUILDING
Est. value
$24.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.1M
MEDICAL BUILDING
Est. value
$23.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2017
Heating
YES
Cooling
Yes
Stories
6
Buildings
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Brinker Restaurant Corporation
Entity
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
—
Brinker Restaurant Corporation
Rar2 1400 North High Street Propco
Lease
—
Oct 30, 2018
—
Rar2 1400 N High Street Propco
Ca Student Living Columbus Pro
Grant Deed
related
—
Dec 14, 2016
—
Ca Student Living Columbus Pro
—
Grant Deed
related
$31,250,000 · First Merchants Bk
Nov 10, 2016
$3,000,000
Ca Student Living Columbus Pro
Annlee Investment Co LLC
Grant Deed
—
Jun 10, 1998
—
Annlee Investment Co LLC
Gay & High Holding Co
Grant Deed
$725,000 · Perpetual Savings Bank
—
—
Annlee Investment Co LLC
—
Deed Of Trust
related
$900,000 · American Equity Inv Life Ins
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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