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Property profile & analytics
OFF-MARKET
Estimated value
$3,590,000
Investment properties
180 Market St New Albany, OH 43054-9030
Entity Owned
Absentee Owner
Free & Clear
Property ID
US66-5180362
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2000
Total area
22,054 SF
Lot
1.73 ac (75,489 SF)
APN
222-004972
UPID
US66-5180362
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
-
Pure Barre Gym & Fitness Center
-
Joshua M. Young, CFP, CEPA - UBS Financial Services Inc. Financial Advisor
-
Patrick M. Ford, CFP - UBS Financial Services Inc. Financial Advisor
-
New Albany Wealth Partners - UBS Financial Services Inc. Financial Advisor
-
UBS Financial Services Inc. Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.44M
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.59M
Owner & transaction history
MARKET STREET ASSOCIATES LLC
MARKET STREET ASSOCIATES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+64.3%
Neighborhood: shopping center
$3.6M
+63.4%
Medical building
$3.3M
+49.8%
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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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%
$3,720,000
6.5%
$3,435,000
7%
$3,190,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,215,000
Current use
AUTO REPAIR, GARAGE
$3,635,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,620,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$3,315,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,195,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$3,030,000
Change: +37% · Conversion: Easy
RETAIL STORES
$2,755,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$3.59M
Range $3.23M – $3.95M · ±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
$163 / 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
$117,613
Tax year 2023
Assessed value
$1,460,660
Assessed 2023
Previous assessed
$1,217,230
+20.0% YoY
Effective rate
8.05%
On assessed value
Assessed land
$338,490
Assessed improvement
$1,122,170
Land market value
$967,100
Improvement market value
$3,206,200
Total market value
$4,173,300
Applied tax rate
222.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2000
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
22,054 SF
Lot
1.73 ac (75,489 SF)
APN
222-004972
UPID
US66-5180362
Jurisdiction
FRANKLIN
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
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
2000
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
MARKET STREET ASSOCIATES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8000 WALTON PKWY STE #120, NEW ALBANY, OH 43054-7074
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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