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Property profile & analytics
OFF-MARKET
Estimated value
$4,850,000
Warehouses
1635 Westbelt Dr 1675 Columbus, OH 43228-3809
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2070230
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
216,480 SF
Lot
12.16 ac (529,515 SF)
Zoning code
1585
APN
560-138787
UPID
US66-2070230
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
by Request
Comparable Approach
Comparable
$3.86M
Blend (final)
Blend
$4.85M
Owner & transaction history
Westbelt Oh LP · 6 yrs held
Westbelt Oh LP
since 2019
4 recorded transactions
Zoning & alternative use
1585 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$4.85M
Range $4.37M – $5.34M · ±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
$22 / 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
$184,818
Tax year 2023
Assessed value
$2,550,210
Assessed 2023
Previous assessed
$2,213,760
+15.2% YoY
Effective rate
7.25%
On assessed value
Assessed land
$340,380
Assessed improvement
$2,209,830
Land market value
$972,500
Improvement market value
$6,313,800
Total market value
$7,286,300
Applied tax rate
560.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Bathrooms
3
Total area
216,480 SF
Lot
12.16 ac (529,515 SF)
Zoning code
1585
APN
560-138787
UPID
US66-2070230
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.
Building & site characteristics
From public records
Year built
1978
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
3
Lot
12.16 ac
Current owner
From public records · entity-resolved
Westbelt Oh LP
Entity
Mailing address
8355 E HARTFORD DR STE #200, SCOTTSDALE, AZ 85255-2548
Ownership since
2019
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
Oct 18, 2019
$8,750,000
Westbelt Oh LP
Meritex Properties LLC
Limited Warranty Deed
$18,040 · Tbk Bank Ssb
Dec 18, 2007
$4,850,000
Columbus Vp Parners Ltd
Meritex Properties LLC
Limited Warranty Deed
—
Sep 28, 2004
—
Meritex Properties LLC
Meritex Columbus LLC
Quit Claim Deed
related
$38,750,000 · Massachusetts Mutual Life Ins
Jun 17, 2003
$13,410,600
Meritex Columbus LLC
Sfers Real Estate Corp
Grant Deed
$20,000 · Us Bank NA
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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