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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Strip malls
1600 Lockbourne Rd 1614 Columbus, OH 43207-1444
Entity Owned
18-yr Hold
Free & Clear
Property ID
US66-1878261
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1993
Total area
19,128 SF
Lot
2.52 ac (109,684 SF)
APN
010-111888
UPID
US66-1878261
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
-
Family Dollar Discount Store
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$1.75M
Owner & transaction history
Miller Of Leigh LLC · 18 yrs held
Miller Of Leigh LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.8M
+34.1%
Office building
$2.7M
+32.1%
Medical building
$2.6M
+24.9%
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
$2,065,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,775,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$2,730,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$2,585,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$2,055,000
Change: -1% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,710,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±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
$91 / 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
$52,991
Tax year 2023
Assessed value
$725,420
Assessed 2023
Previous assessed
$725,420
+0.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$122,820
Assessed improvement
$602,600
Land market value
$350,900
Improvement market value
$1,721,700
Total market value
$2,072,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1993
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
19,128 SF
Lot
2.52 ac (109,684 SF)
APN
010-111888
UPID
US66-1878261
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (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
1993
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Miller Of Leigh LLC
Entity
Free & Clear · 18 yrs held
Mailing address
3868 22ND ST APT #1, SAN FRANCISCO, CA 94114-3278
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2021
—
Family Post LLC
—
Deed
related
$469,333 · Atlanta Postal Cu
May 22, 2017
—
Family Post LLC
—
Deed
related
$1,248,000 · Atlanta Postal Cu
Nov 23, 2007
$845,700
Miller Of Leigh LLC
Family Post LLC
Warranty Deed
—
Apr 19, 2007
$1,657,000
Family Post LLC
J & K Lockbourne Property LLC
Warranty Deed
$1,248,000 · Atlanta Postal Cu
Aug 14, 2000
—
J & K Lockbourne Property LLC
Ziegler,jeffrey M & Kay A
Trustees Deed
related
—
Jun 27, 2000
$1,450,000
Ziegler,jeffrey M & Kay A
Slane Co Ltd
Trustees Deed
—
Jun 27, 2000
—
Jeffrey M Ziegler
—
Deed Of Trust
related
$1,075,000 · Fifth Third Bank Central Ohio
Apr 28, 1998
—
Slane Co Ltd
Slane,daniel M
Quit Claim Deed
related
—
—
—
J & K Lockbourne Property LLC
—
Deed Of Trust
related
$1,075,000 · Stancorp Mortgage Investors
—
—
Family Post LLC
—
Loan Modification
related
$1,248,000 · Atlanta Postal Cu
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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