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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Manufacturing properties
156 Broadway Ave, Westerville, OH 43081-1508
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-2306499
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1925
Construction
WOOD
Total area
21,469 SF
Lot
0.69 ac (29,839 SF)
APN
080-000433
UPID
US66-2306499
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
-
Element 5 Fitness and Wellness Gym & Fitness Center
-
MPGTS Freight Service Logistics Company
-
Broadway Dumpster Rental Westerville General Contractor Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$883k
Blend (final)
Blend
$675k
Owner & transaction history
Robin Ents Co · 13 yrs held
Robin Ents Co
since 2012
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 Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$31 / 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
$18,408
Tax year 2023
Assessed value
$224,080
Assessed 2023
Previous assessed
$205,980
+8.8% YoY
Effective rate
8.21%
On assessed value
Assessed land
$28,390
Assessed improvement
$195,690
Land market value
$81,100
Improvement market value
$559,100
Total market value
$640,200
Applied tax rate
80.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
21,469 SF
Lot
0.69 ac (29,839 SF)
APN
080-000433
UPID
US66-2306499
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
1925
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Robin Ents Co
Entity
Free & Clear · 13 yrs held
Mailing address
111 N OTTERBEIN AVE, WESTERVILLE, OH 43081-5703
Ownership since
2012
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
Oct 31, 2012
$485,000
Robin Ents Co
Miller,david A
Grant Deed
—
Jun 7, 2004
—
David A Miller
—
Deed Of Trust
related
$1,519,000 · Huntington National Bank
Sep 19, 2003
$417,500
David A Miller
Epro INC
Grant Deed
$668,000 · Huntington National Bank
Jun 30, 1999
—
Suzanne S Edgar
Epro INC
Grant Deed
$750,000 · Midland Life Insurance Co
—
—
David A Miller
—
Deed Of Trust
related
$225,000 · Huntington National Bank
—
—
David A Miller
—
Deed Of Trust
related
$225,000 · Huntington National Bank
—
—
David A Miller
—
Deed Of Trust
related
$300,000 · Huntington National Bank
—
—
David A Miller
—
Deed Of Trust
related
$975,000 · Huntington National Bank
—
—
David A Miller
—
Deed Of Trust
related
$600,000 · Heartland Bank
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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