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Property profile & analytics
OFF-MARKET
Estimated value
$4,300,000
Office buildings
161 High St 167 Columbus, OH 43215-2402
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1803060
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1890
Construction
WOOD
Total area
27,267 SF
Lot
0.27 ac (11,674 SF)
APN
010-022750
UPID
US66-1803060
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
-
Elevator Brewery and Draught Haus Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
$5.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.30M
Owner & transaction history
Empire Square LLC · 2 yrs held
Empire Square LLC
since 2024
Last sale
$4.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+61.0%
Auto repair, garage
$4.3M
+12.0%
Apartment house (5+ units)
$4.0M
+2.3%
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
$4,300,000
ML approach
$4,300,000
CAP Approach
CAP Return
Estimation
6%
$5,600,000
6.5%
$5,170,000
7%
$4,800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,860,000
Current use
RESTAURANT
$6,220,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,325,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,955,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$3,680,000
Change: -5% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,210,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±10% · vs last sale $4.30M (Jul 3 2024)
Last sale anchor
$4.30M
Jul 3 2024
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
$158 / 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
$48,118
Tax year 2023
Assessed value
$600,860
Assessed 2023
Previous assessed
$577,520
+4.0% YoY
Effective rate
8.01%
On assessed value
Assessed land
$307,620
Assessed improvement
$293,240
Land market value
$878,900
Improvement market value
$837,800
Total market value
$1,716,700
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1890
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
27,267 SF
Lot
0.27 ac (11,674 SF)
APN
010-022750
UPID
US66-1803060
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
OFFICE BUILDING Current
Est. value
$3.9M
RESTAURANT
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1890
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Empire Square LLC
Entity
Mailing address
577 W NATIONWIDE BLVD #600, COLUMBUS, OH 43215-2339
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
$4,300,000
Empire Square LLC
Larrimer Building Co LLC
Warranty Deed
$3,010,000 · Telhio Cu INC
Jun 1, 2020
—
Larrimer Building Co LLC
—
Deed
related
$3,108,000 · First Merchants Bank
Nov 19, 2012
—
Larrimer Building Co LLC
Navin Paul J Trust B
Quit Claim Deed
related
—
Sep 20, 2000
—
Larrimer Building Co LLC
Dana K Navin Trustee
Quit Claim Deed
related
—
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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