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Property profile & analytics
OFF-MARKET
Estimated value
$7,280,000
Retail properties & Spaces
1650 Gemini Pl Columbus, OH 43240-7000
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-3007351
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2012
Total area
81,288 SF
Lot
10.55 ac (459,602 SF)
APN
318-431-01-016-002
UPID
US66-3007351
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
-
Cabela's (Bike/Boat/Book/etc) Store
-
Delaware County, Ohio Homes Real Estate Agency
-
Sunglass Outfitters by Sunglass Hut (Bike/Boat/Book/etc) Store
-
U.S. Bank ATM Atm
-
Concealed Coalition Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.28M
Owner & transaction history
Spe Cabels I 2107-3 LLC · 8 yrs held
Spe Cabels I 2107-3 LLC
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$11.8M
+35.1%
Office building
$11.6M
+33.0%
Medical building
$11.0M
+25.8%
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
RETAIL STORES
$8,725,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,785,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$11,600,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$10,975,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,785,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,890,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$7.28M
Range $6.55M – $8.01M · ±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
$90 / 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
$425,129
Tax year 2023
Assessed value
$6,263,780
Assessed 2023
Previous assessed
$5,180,000
+20.9% YoY
Effective rate
6.79%
On assessed value
Assessed land
$1,846,430
Assessed improvement
$4,417,350
Land market value
$5,275,500
Improvement market value
$12,621,000
Total market value
$17,896,500
Applied tax rate
45.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2012
Heating
YES
Cooling
YES
Stories
1
Total area
81,288 SF
Lot
10.55 ac (459,602 SF)
APN
318-431-01-016-002
UPID
US66-3007351
Jurisdiction
DELAWARE
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
RETAIL STORES Current
Est. value
$8.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.8M
OFFICE BUILDING
Est. value
$11.6M
MEDICAL BUILDING
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$7.9M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2012
Heating
YES
Cooling
Yes
Stories
1
Lot
10.55 ac
Current owner
From public records · entity-resolved
Spe Cabels I 2107-3 LLC
Entity
Mailing address
1650 GEMINI PL, COLUMBUS, OH 43240-7000
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2017
$23,287,500
Spe Cabels I 2107-3 LLC
Cabelas Wholesale INC
Deed
$24,000,000 · Citibank NA
Nov 28, 2012
—
Cabelas Wholesale INC
Polaris Cbls LLC
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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