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Property profile & analytics
FOR SALE
Day care centers
1805 Columbus Rd, Granville, OH 43023
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-6249184
For Sale
1 / 63
$509,900
1805 Columbus Rd, Granville, OH 43023
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Property summary
AI-generated overview
This exceptional Granville, Ohio commercial property, located at 1805 Columbus Road, presents a unique investment opportunity. The 1,755 square foot building sits on a substantial 1.1-acre lot (47,916 sq ft), offering ample space for various commercial uses. Built in 1938 and extensively renovated in 2024, the property boasts modern amenities while retaining character. Currently operating at 100% occupancy with a pet care business tenant under a lease with one year remaining, this provides immediate cash flow. The asking price is $550,000, translating to $313.39 per square foot. The property's location in the desirable Granville, Ohio market within Licking County (zip code 43023) offers excellent visibility and accessibility. This versatile space is ideal for a variety of businesses seeking a well-maintained building with significant outdoor space in a thriving community. The combination of a strong tenant, recent renovations, and a prime location makes this an attractive investment opportunity with significant potential for future growth.
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1938
Total area
2,844 SF
Lot
1.1 ac (47,916 SF)
APN
019-049830-00.000
UPID
US66-6249184
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
-
Bath & Biscuits Pet Grooming Service
-
Love and Learning High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Katr Properties LLC · 7 yrs held
Katr Properties LLC
since 2018
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 Granville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Granville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,570
Tax year 2023
Assessed value
$142,210
Assessed 2023
Previous assessed
$142,210
+0.0% YoY
Effective rate
6.73%
On assessed value
Assessed land
$52,500
Assessed improvement
$89,710
Land market value
$150,000
Improvement market value
$256,300
Total market value
$406,300
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
For Sale
Year built
1938
Heating
CENTRAL
Stories
1
Rooms
7
Bathrooms
1
Total area
2,844 SF
Lot
1.1 ac (47,916 SF)
APN
019-049830-00.000
UPID
US66-6249184
Jurisdiction
LICKING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1938
Heating
CENTRAL
Stories
1
Rooms
7
Bathrooms
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Katr Properties LLC
Entity
Mailing address
225 WW LOOPELM, GRANVILLE, OH 43023
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
—
Katr Properties LLC
—
Deed
related
$71,581 · Park National Bank
Sep 11, 2018
—
Katr Properties LLC
Love & Learning Childcare Ctr
Warranty Deed
—
Oct 14, 2011
$375,000
Love Cent
Lighthouse Photographics INC
Warranty Deed
$187,500 · Park National Bank
Jan 2, 2007
—
Lighthouse Photographics INC
—
Trustees Deed
related
$344,000 · Park National Bank
Sep 25, 2006
$169,000
Lighthouse Photographics INC
Smith,michael N & Laura D
Warranty Deed
$169,000 · Park National Bank
Jun 2, 2005
$152,000
Michael N Smith
Robert N Aebersold
Warranty Deed
$136,800 · First Horizon Home Loan Corp
Nov 12, 2004
—
Robert N Aebersold
Owner Name Unavailable
Grant Deed
related
—
—
—
Love Cent
—
Deed Of Trust
related
$156,000 · Ohio Statewide Dev Corp
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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