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Property profile & analytics
OFF-MARKET
Estimated value
$2,720,000
Investment properties
1510 Ln Ave Columbus, OH 43221-3960
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1821884
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2010
Total area
11,348 SF
Lot
0.43 ac (18,774 SF)
Zoning code
1516
APN
070-004531
UPID
US66-1821884
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
-
roll: Upper Arlington Bike Shop (Bike/Boat/Book/etc) Store
-
Keller Williams Classic Properties, Katie Fussner Real Estate Agency
-
Sarah Eagleson, The Eagleson Group, KW Classic Properties Realty Real Estate Agency
-
The Kellough Group-Keller Williams Classic Properties Real Estate Agency
-
Schorsten LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
$2.01M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$2.72M
Owner & transaction history
1510 W Lane Avenue III LLC · 2 yrs held
1510 W Lane Avenue III LLC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
1516 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+134.9%
Auto repair, garage
$1.8M
+63.4%
Apartment house (5+ units)
$1.6M
+49.3%
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
$2,795,000
ML approach
$2,675,000
CAP Approach
CAP Return
Estimation
6%
$2,170,000
6.5%
$2,005,000
7%
$1,860,000
Alternative Use
Use
Estimation
RESTAURANT
$2,590,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,800,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,645,000
Change: +49% · Conversion: Moderate
Blend value · Realmo final
$2.72M
Range $2.45M – $2.99M · ±10% · vs last sale $2.71M (Dec 6 2023)
Last sale anchor
$2.71M
Dec 6 2023
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
$240 / 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
$56,224
Tax year 2023
Assessed value
$697,800
Assessed 2023
Previous assessed
$645,130
+8.2% YoY
Effective rate
8.06%
On assessed value
Assessed land
$194,570
Assessed improvement
$503,230
Land market value
$555,900
Improvement market value
$1,437,800
Total market value
$1,993,700
Applied tax rate
70.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2010
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Rooms
7
Bathrooms
1
Total area
11,348 SF
Lot
0.43 ac (18,774 SF)
Zoning code
1516
APN
070-004531
UPID
US66-1821884
Jurisdiction
FRANKLIN
Zoning & alternative use
1516 · Columbus, OHZoning 1516 · permitted uses
1516 · Columbus, OH
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
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2010
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Rooms
7
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
1510 W Lane Avenue III LLC
Entity
Mailing address
37463 ATTUCKS DR, POWELL, OH 43065
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2023
$2,710,000
1510 W Lane Avenue III LLC
1510 W Lane Avenue II LLC
Limited Warranty Deed
related
$1,870,000 · Wells Fargo Bank NA
May 14, 2012
—
1510 W Lane Avenue II LLC
1510 W Lane Avenue LLC
Quit Claim Deed
—
Nov 25, 2009
—
1510 W Lane Avenue LLC
Bethel Riverside Company LLC
Limited Warranty Deed
$1,550,000 · Columbus First Bank
Nov 3, 2009
—
City Of Upper Arlington Ohio
Bethel Riverside Co LLC
Grant Deed
—
Sep 18, 2008
—
Bethel Riverside Co LLC
Margaret M Fiscarelli
Warranty Deed
$100,000 · Commerce National Bank
May 21, 2007
—
Fiscarelli,margaret M Trust
Fiscarelli,margaret M
Quit Claim Deed
related
—
May 16, 2007
—
Fiscarelli,margaret M
Fiscarelli,dominic J
Affidavit Of Death
related
—
Dec 28, 2006
—
Fiscarelli,dominic J & Margaret M
Fiscarelli,dominic J & Margaret M
Quit Claim Deed
related
—
—
—
1510 W Lane Avenue II LLC
—
Deed Of Trust
related
$1,710,000 · Perpetual Fsb
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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