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Property profile & analytics
OFF-MARKET
Estimated value
$15,360,000
Outlet malls
1661 Hilliard Rome Rd Columbus, OH 43228-9485
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-2875861
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1991
Total area
208,934 SF
Lot
24.58 ac (1,070,487 SF)
Zoning code
1675
APN
560-217203
UPID
US66-2875861
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
-
Meijer Specialty Food Shop Supermarket
-
Meijer Pharmacy Pharmacy
-
U.S. Bank ATM Atm
-
Quick-Tag (Bike/Boat/Book/etc) Store Pet Store & Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.69M
Blend (final)
Blend
$15.36M
Owner & transaction history
Gggwag Partners LLC · 11 yrs held
Gggwag Partners LLC
since 2014
5 recorded transactions
Zoning & alternative use
1675 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$22.6M
+3.2%
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
$21,890,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$22,580,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$20,285,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$15.36M
Range $13.82M – $16.90M · ±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
$74 / 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
$369,316
Tax year 2023
Assessed value
$5,096,000
Assessed 2023
Previous assessed
$4,326,010
+17.8% YoY
Effective rate
7.25%
On assessed value
Assessed land
$2,206,540
Assessed improvement
$2,889,460
Land market value
$6,304,400
Improvement market value
$8,255,600
Total market value
$14,560,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1991
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
208,934 SF
Lot
24.58 ac (1,070,487 SF)
Zoning code
1675
APN
560-217203
UPID
US66-2875861
Jurisdiction
FRANKLIN
Zoning & alternative use
1675 · Columbus, OH
Zoning 1675 · permitted uses
1675 · 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
RETAIL STORES Current
Est. value
$21.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.6M
COMMERCIAL (GENERAL)
Est. value
$20.3M
RETAIL STORES Current
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
1991
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
24.58 ac
Current owner
From public records · entity-resolved
Gggwag Partners LLC
Entity
Mailing address
2929 WALKER AVE NW, GRAND RAPIDS, MI 49544-6402
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2014
$580,000
Gggwag Partners LLC
Meijer Stores Limited Partnership
Limited Warranty Deed
$2,509,000 · First Financial Bank NA
Oct 3, 2014
—
Berengaria Hilliard Rome LLC
—
Grant Deed
related
$1,808,880 · Associated Bk
Sep 30, 2014
$595,000
Berengaria Hilliard Rome LLC
Meijer Stores LP
Grant Deed
—
Nov 21, 2008
$708,100
Central Ohio Transit Authority
Meijer Stores
Grant Deed
—
Feb 7, 2007
$280,000
Two Sons INC
Meijer Stores
Warranty 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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