Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Manufacturing properties
1709 Frank Rd Columbus, OH 43223-3726
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1688108
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1972
Total area
5,088 SF
Lot
10.48 ac (456,378 SF)
Zoning code
1709
APN
570-126842
UPID
US66-1688108
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
-
T Marzetti Co Industrial Manufacturer Production Facility
-
EWE Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$630k
Owner & transaction history
Marzetti Manufacturing Company · 3 yrs held
Marzetti Manufacturing Company
since 2022
1 recorded transaction
Zoning & alternative use
1709 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$740,000
+76.1%
Office building
$725,000
+73.4%
Medical building
$685,000
+64.1%
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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$420,000
Current use
APARTMENT HOUSE (5+ UNITS)
$740,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$485,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$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
$63,122
Tax year 2023
Assessed value
$1,012,940
Assessed 2023
Previous assessed
$684,010
+48.1% YoY
Effective rate
6.23%
On assessed value
Assessed land
$133,320
Assessed improvement
$879,620
Land market value
$380,900
Improvement market value
$2,513,200
Total market value
$2,894,100
Applied tax rate
570.0000
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
1972
Heating
YES
Cooling
CENTRAL
Buildings
7
Stories
1
Total area
5,088 SF
Lot
10.48 ac (456,378 SF)
Zoning code
1709
APN
570-126842
UPID
US66-1688108
Jurisdiction
FRANKLIN
Zoning & alternative use
1709 · Columbus, OHZoning 1709 · permitted uses
1709 · Columbus, OH
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
INDUSTRIAL (GENERAL) Current
Est. value
$420,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$740,000
OFFICE BUILDING
Est. value
$725,000
MEDICAL BUILDING
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
RETAIL STORES
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$485,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1972
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Lot
10.48 ac
Current owner
From public records · entity-resolved
Marzetti Manufacturing Company
Entity
Free & Clear · 3 yrs held
Mailing address
380 POLARIS PKWY, WESTERVILLE, OH 43082-8069
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2022
—
Marzetti Manufacturing Company
T Marzetti Company
Intrafamily Transfer
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1709 Frank Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
