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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Medical Office Space
1805-1809 Main St Columbus, OH 43205
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1444108
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Total area
18,746 SF
Lot
1.03 ac (44,910 SF)
APN
010-008404
UPID
US66-1444108
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.59M
Owner & transaction history
Empire Square LLC · 6 yrs held
Empire Square LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
MEDICAL BUILDING
$2,530,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,025,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±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
$85 / 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
$30,675
Tax year 2023
Assessed value
$419,930
Assessed 2023
Previous assessed
$341,250
+23.1% YoY
Effective rate
7.30%
On assessed value
Assessed land
$79,100
Assessed improvement
$340,830
Land market value
$226,000
Improvement market value
$973,800
Total market value
$1,199,800
Applied tax rate
10.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1960
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
18,746 SF
Lot
1.03 ac (44,910 SF)
APN
010-008404
UPID
US66-1444108
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
MEDICAL BUILDING Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1960
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Empire Square LLC
Entity
Mailing address
30 N DREXEL AVE, BEXLEY, OH 43209-1424
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2019
$975,000
Empire Square LLC
Nile Property Management LLC
Warranty Deed
$603,384 · Telhio Cu
Aug 16, 2017
—
Nile Property Management LLC
—
Deed
related
$125,000 · Telhio Cu
Mar 3, 2011
$666,000
Nile Property Management LLC
Frederick L Ransier
Fiduciary Deed
$360,000 · Telhio Credit Union INC
Apr 24, 2008
$117,300
Nile Property Management LLC
Olde Maine LLC
Grant Deed
—
Dec 20, 2001
$436,500
Olde Maine LLC
Rehabiliation Enterprises INC
Grant Deed
—
Aug 18, 2000
$385,000
Rehabilitation Enterprises INC
Miller Farms
Trustees Deed
—
Jan 26, 1999
$199,436
Miller Farms
Club 1805
Trustees Deed
—
—
—
Olde Maine LLC
—
Deed Of Trust
related
$520,000 · Fifth Third Bank Central Ohio
—
—
Olde Maine LLC
—
Deed Of Trust
related
$65,175 · Columbus Compact Corp
—
—
Nile Property Management LLC
—
Deed Of Trust
related
$125,000 · Telhio Cu
—
—
Nile Property Management LLC
—
Deed Of Trust
related
$350,000 · Telhio Cu
—
—
Rehabilitation Enterprises INC
—
Deed Of Trust
related
$200,000 · Columbus City (oh)
—
—
Rehabilitation Enterprises INC
—
Deed Of Trust
related
$236,500 · National City Bank
—
—
Nile Property Management LLC
—
Deed Of Trust
related
$261,315 · State Of Ohio Department/dev
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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