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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Distribution centers
1450 Commodity Blvd Lockbourne, OH 43137-9284
Individually Owned
1-yr Hold
Free & Clear
Property ID
US66-2462722
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Total area
500,000 SF
Lot
25.79 ac (1,123,412 SF)
APN
495-255312
UPID
US66-2462722
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
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.06M
Owner & transaction history
Palmer Logistics Midwest 3 Assets L · 1 yrs held
Palmer Logistics Midwest 3 Assets L
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lockbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lockbourne 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
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$2 / 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
$568,861
Tax year 2023
Assessed value
$6,352,440
Assessed 2023
Previous assessed
$5,313,000
+19.6% YoY
Effective rate
8.95%
On assessed value
Assessed land
$857,540
Assessed improvement
$5,494,900
Land market value
$2,450,100
Improvement market value
$15,699,700
Total market value
$18,149,800
Applied tax rate
495.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2004
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
500,000 SF
Lot
25.79 ac (1,123,412 SF)
APN
495-255312
UPID
US66-2462722
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
Building & site characteristics
From public records
Year built
2004
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
25.79 ac
Current owner
From public records · entity-resolved
Palmer Logistics Midwest 3 Assets L
Individual
Free & Clear · 1 yrs held
Mailing address
251 LITTLE FLS DR, WILMINGTON, DE 19808-1674
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
Palmer Logistics Midwest 3 Assets L
Finlayson Logistics Assets LLC
Deed
—
Apr 2, 2024
—
Finlayson Logistics Assets LLC
—
Deed
related
$170,000,000 · Standard Chartered Bank
Mar 20, 2019
—
Finlayson Logistics Assets LLC
—
Grant Deed
related
$440,200,000 · Miscellaneous Ins Co
May 2, 2018
$23,800,000
Finlayson Logistics Assets LLC
1450 Commodity LLC
Grant Deed
—
Oct 6, 2017
—
Exeter 1450 Commodity LLC
—
Grant Deed
related
$17,000,000 · Bank Of America
Oct 30, 2014
$16,600,000
Exeter 1450 Commodity LLC
Civf I-oh1b02 LLC
Trustees Deed
$117,500,000 · Bank Of America
Jul 5, 2005
—
Civf I-oh1b02 LLC
—
Deed Of Trust
related
$62,740,000 · Miscellaneous Ins Co
Apr 7, 2004
$1,805,000
Civf I-oh1b02 LLC
Commodity One LLC
Grant Deed
—
Oct 17, 2002
—
Fed One Dublin LLC
Commodity One LLC
Grant Deed
related
—
Oct 3, 2002
$1,901,000
Industrial Dev International
Commodity One Lc
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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