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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Flex space
1575-1577 Harmon Ave Columbus, OH 43223
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2382153
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1969
Total area
14,760 SF
Lot
4.38 ac (190,662 SF)
Zoning code
1575
APN
570-104508
UPID
US66-2382153
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
$1.14M
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$1.00M
Owner & transaction history
Am Business Holdings LLC · 3 yrs held
Am Business Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
1575 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+31.3%
Retail stores
$1.6M
+30.4%
Auto repair, garage
$1.4M
+16.0%
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
$1,105,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$835,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,215,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,595,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$1,585,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,410,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$68 / 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
$15,069
Tax year 2023
Assessed value
$241,820
Assessed 2023
Previous assessed
$241,820
+0.0% YoY
Effective rate
6.23%
On assessed value
Assessed land
$82,990
Assessed improvement
$158,830
Land market value
$237,100
Improvement market value
$453,800
Total market value
$690,900
Applied tax rate
570.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1969
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
14,760 SF
Lot
4.38 ac (190,662 SF)
Zoning code
1575
APN
570-104508
UPID
US66-2382153
Jurisdiction
FRANKLIN
Zoning & alternative use
1575 · Columbus, OH
Zoning 1575 · permitted uses
1575 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1969
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
4.38 ac
Current owner
From public records · entity-resolved
Am Business Holdings LLC
Entity
Mailing address
3280 MORSE RD STE #214, COLUMBUS, OH 43231-6175
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$1,287,000
Am Business Holdings LLC
Neri Brothers LLC
Sheriffs Deed
related
—
May 14, 2004
$1,050,000
Neri Brothers LLC
Harmon Jjt LLC
Grant Deed
—
Feb 19, 2002
$478,300
Harmon Jjt LLC
Lecrone,james
Grant Deed
—
—
—
N J Lecrone
—
Deed Of Trust
related
$100,000 · Individual
—
—
Neri Brothers LLC
—
Deed Of Trust
related
$200,000 · Huntington National Bank
—
—
Neri Brothers LLC
—
Deed Of Trust
related
$50,000 · Huntington National Bank
—
—
Neri Brothers LLC
—
Deed Of Trust
related
$375,695 · Huntington National Bank
—
—
Neri Brothers LLC
—
Deed Of Trust
related
$1,419,118 · Fifth Third Bank
—
—
Neri Brothers LLC
—
Deed Of Trust
related
$2,980,874 · Fifth Third 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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