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Property profile & analytics
OFF-MARKET
Estimated value
$1,785,000
Outlet malls
1530 Lockbourne Rd Columbus, OH 43207
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-0773079
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2022
Total area
9,360 SF
Lot
1.03 ac (45,041 SF)
APN
010-000559
UPID
US66-0773079
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.79M
Owner & transaction history
Cojh LLC · 2 yrs held
Cojh LLC
since 2023
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+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
$1,865,000
ML approach
$1,945,000
CAP Approach
CAP Return
Estimation
6%
$1,815,000
6.5%
$1,675,000
7%
$1,555,000
Alternative Use
Use
Estimation
RESTAURANT
$2,135,000
Change: +112% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,485,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,355,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,335,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$1,265,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.96M · ±10% · vs last sale $1.81M (Jul 27 2023)
Last sale anchor
$1.81M
Jul 27 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
$191 / 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
$30,484
Tax year 2023
Assessed value
$415,240
Assessed 2023
Previous assessed
$277,200
+49.8% YoY
Effective rate
7.34%
On assessed value
Assessed land
$78,820
Assessed improvement
$336,420
Land market value
$225,200
Improvement market value
$961,200
Total market value
$1,186,400
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
2022
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
9,360 SF
Lot
1.03 ac (45,041 SF)
APN
010-000559
UPID
US66-0773079
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
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2022
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Cojh LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 1983, BUELLTON, CA 93427-1983
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
$1,811,000
Cojh LLC
Columbus Frebis Dg LLC
Limited Warranty Deed
—
May 5, 2022
$250,000
Columbus Frebis Dg LLC
Shc Lockbourne Rd LLC
Warranty Deed
$1,650,000 · M1bank
Apr 8, 2022
—
Shc Lockbourne Rd LLC
Schottenstein Acquisition Group LLC
Quit Claim Deed
related
—
Mar 25, 2022
—
City Of Columbus Ohio
Shc Lockbourne Rd LLC
Warranty Deed
—
Aug 18, 2010
—
Shc Lockbourne Rd LLC
Schottenstein Holding Co
Warranty Deed
—
Oct 7, 2003
$84,000
Wells Fargo Bank Minn Trustee
Allen,antwan
Trustees 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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