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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Retail residential properties
1599-1603 4th St Columbus, OH 43207
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-1817682
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1927
Construction
WOOD
Total area
4,798 SF
Lot
0.14 ac (6,142 SF)
Zoning code
78
APN
010-022298
UPID
US66-1817682
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
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$705k
Owner & transaction history
Mrz Investments LLC · 10 yrs held
Mrz Investments LLC
since 2016
6 recorded transactions
Zoning & alternative use
78 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$760,000
+128.2%
Office building
$685,000
+105.4%
Medical building
$650,000
+94.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$760,000
Change: +128% · Conversion: Difficult
OFFICE BUILDING
$685,000
Change: +105% · Conversion: Easy
MEDICAL BUILDING
$650,000
Change: +94% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$147 / 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
$10,204
Tax year 2023
Assessed value
$139,690
Assessed 2023
Previous assessed
$118,410
+18.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$15,090
Assessed improvement
$124,600
Land market value
$43,100
Improvement market value
$356,000
Total market value
$399,100
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
2
Units
1
Rooms
6
Bathrooms
1
Total area
4,798 SF
Lot
0.14 ac (6,142 SF)
Zoning code
78
APN
010-022298
UPID
US66-1817682
Jurisdiction
FRANKLIN
Zoning & alternative use
78 · Columbus, OH
Zoning 78 · permitted uses
78 · 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
AUTO REPAIR, GARAGE
Est. value
$760,000
OFFICE BUILDING
Est. value
$685,000
MEDICAL BUILDING
Est. value
$650,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
RETAIL STORES
Est. value
$515,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1927
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
1
Rooms
6
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Mrz Investments LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1820 NWNW BLVD STE #200, COLUMBUS, OH 43212-1678
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2018
—
Mrz Investments LLC
—
Deed
related
$350,000 · Park Nat'l Bk/sw Oh&nthrn Ky
Apr 4, 2016
$200,000
Mrz Investments LLC
Price Melissa B Living Trust
Grant Deed
—
Aug 14, 2006
—
Price Melissa B Trust
Price,melissa B
Quit Claim Deed
related
—
Sep 2, 2005
$258,000
Melissa B Price
Goodman,lee & Camilla
Warranty Deed
$100,000 · Cf Bank
Aug 29, 2003
$131,000
Lee Goodman
Lehman,glen I & Vicki L
Grant Deed
—
—
—
Mrz Investments LLC
—
Deed Of Trust
related
$350,000 · Park Nat'l Bk/sw Oh&nthrn Ky
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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