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Property profile & analytics
OFF-MARKET
Estimated value
$5,690,000
Community centers
1657 Ln Ave, Columbus, OH 43221-3339
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1787666
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1951
Total area
45,944 SF
Lot
14.3 ac (622,908 SF)
Zoning code
1611
APN
070-004672
UPID
US66-1787666
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
-
Fabtique Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.69M
Owner & transaction history
Shops On Lane R 2 G Owner LLC · 3 yrs held
Shops On Lane R 2 G Owner LLC
since 2022
Last sale
$46,000
3 recorded transactions
Zoning & alternative use
1611 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.3M
+46.7%
Apartment house (5+ units)
$6.7M
+34.1%
Office building
$6.6M
+32.1%
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
$4,965,000
Current use
AUTO REPAIR, GARAGE
$7,285,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,660,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$6,560,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$6,205,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$4,930,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,460,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$5.69M
Range $5.12M – $6.26M · ±10% · vs last sale $46k (Oct 18 2022)
Last sale anchor
$46k
Oct 18 2022
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
$124 / 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
$620,733
Tax year 2023
Assessed value
$7,703,900
Assessed 2023
Previous assessed
$7,703,900
+0.0% YoY
Effective rate
8.06%
On assessed value
Assessed land
$2,289,180
Assessed improvement
$5,414,720
Land market value
$6,540,500
Improvement market value
$15,470,600
Total market value
$22,011,100
Applied tax rate
70.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1951
Heating
YES
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
45,944 SF
Lot
14.3 ac (622,908 SF)
Zoning code
1611
APN
070-004672
UPID
US66-1787666
Jurisdiction
FRANKLIN
Zoning & alternative use
1611 · Columbus, OH
Zoning 1611 · permitted uses
1611 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.2M
RETAIL STORES
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1951
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
14.3 ac
Current owner
From public records · entity-resolved
Shops On Lane R 2 G Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
19 W 44TH ST STE #1002, NEW YORK, NY 10036-5901
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
—
Shops On Lane R 2 G Owner LLC
Lane Avenue 450 LLC
Intrafamily Transfer
related
—
Jan 3, 2013
—
Lane Avenue 450 LLC
—
Deed Of Trust
related
$28,650,000 · Miscellaneous Ins Co
Oct 29, 2007
$46,000
Lane Avenue 450 LLC
Uap-columbus Jv 326132
Grant Deed
—
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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