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Property profile & analytics
OFF-MARKET
Estimated value
$14,380,000
Community centers
1585 Georgesville Sq Dr 1675 Columbus, OH 43228-3777
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2185976
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1996
Total area
131,656 SF
Lot
30.38 ac (1,323,222 SF)
Zoning code
1585
APN
010-240799
UPID
US66-2185976
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
-
Ria Money Transfer - Kroger Bank Credit Union
-
MoneyGram Bank Credit Union
-
higi Physician
-
The Little Clinic Medical Clinic
-
Elaine Raven Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.38M
Owner & transaction history
Georgesville Station LLC · 9 yrs held
Georgesville Station LLC
since 2016
7 recorded transactions
Zoning & alternative use
1585 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.9M
+46.7%
Apartment house (5+ units)
$19.1M
+34.1%
Office building
$18.8M
+32.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,230,000
Current use
AUTO REPAIR, GARAGE
$20,880,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$19,085,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$18,790,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$17,780,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$13,795,000
Change: -3% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,780,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$14.38M
Range $12.94M – $15.82M · ±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
$109 / 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
$704,885
Tax year 2023
Assessed value
$9,649,610
Assessed 2023
Previous assessed
$8,050,010
+19.9% YoY
Effective rate
7.30%
On assessed value
Assessed land
$2,778,760
Assessed improvement
$6,870,850
Land market value
$7,939,300
Improvement market value
$19,631,000
Total market value
$27,570,300
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1996
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
131,656 SF
Lot
30.38 ac (1,323,222 SF)
Zoning code
1585
APN
010-240799
UPID
US66-2185976
Jurisdiction
FRANKLIN
Zoning & alternative use
1585 · Columbus, OH
Zoning 1585 · permitted uses
1585 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$20.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.1M
OFFICE BUILDING
Est. value
$18.8M
MEDICAL BUILDING
Est. value
$17.8M
RETAIL STORES
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$12.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1996
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
30.38 ac
Current owner
From public records · entity-resolved
Georgesville Station LLC
Entity
Free & Clear · 9 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2018
—
Georgesville Station LLC
—
Grant Deed
related
$175,000,000 · Miscellaneous Ins Co
Oct 26, 2017
—
Georgesville Station Station L
—
Deed
related
$17,860,000 · Miscellaneous Ins Co
Dec 19, 2016
$33,275,300
Georgesville Station LLC
Kir Georgesville 019 LLC
Grant Deed
related
—
Mar 3, 2010
—
Kir Georgesville 019 LLC
—
Deed Of Trust
related
$18,600,000 · Protective Life Insurance Co
Mar 14, 2002
$19,550,600
Georgesville Square LLC
—
Grant Deed
related
—
Feb 28, 2000
—
Georgesville Square LLC
Glimcher Properties LP
Grant Deed
related
—
—
—
Georgesville Station Station L
—
Deed Of Trust
related
$17,860,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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