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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Strip malls
1823 Morse Rd 1839 Columbus, OH 43229-6603
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-2696336
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Total area
10,602 SF
Lot
1.89 ac (82,154 SF)
APN
010-286105
UPID
US66-2696336
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
-
Wingstop Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
Morse Pointe LLC · 10 yrs held
Morse Pointe LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+46.7%
Apartment house (5+ units)
$1.5M
+34.1%
Medical building
$1.4M
+24.9%
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%
$1,910,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,145,000
Current use
AUTO REPAIR, GARAGE
$1,680,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,535,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$1,430,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,030,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$955,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±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
$125 / 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
$80,666
Tax year 2023
Assessed value
$1,104,290
Assessed 2023
Previous assessed
$1,104,290
+0.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$297,500
Assessed improvement
$806,790
Land market value
$850,000
Improvement market value
$2,305,100
Total market value
$3,155,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2013
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
10,602 SF
Lot
1.89 ac (82,154 SF)
APN
010-286105
UPID
US66-2696336
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2013
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Morse Pointe LLC
Entity
Mailing address
1831 MORSE RD, COLUMBUS, OH 43229-6603
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2015
$2,810,000
Morse Pointe LLC
Building 10k LLC
Grant Deed
$2,920,000 · Live Oak Bkg
Aug 17, 2012
—
Building 10k LLC
Northland Village Developers L
Warranty Deed
—
Feb 1, 2012
—
Northland Village Developers L
Vanslyck Steven B
Quit Claim Deed
—
Jan 24, 2012
$1,347,000
Jace INC
Sjg Ventures I LLC
Limited Warranty Deed
$942,900 · Commerce National Bank
Oct 4, 2011
$395,000
Tim Donut Us Ltd INC
Northland Village Developers L
Warranty Deed
—
Jul 15, 2010
—
Northland Village Developers L
—
Trustees Deed
related
$750,000 · First Place Bk
Aug 31, 2009
—
Northland Village Developers L
—
Trustees Deed
related
$500,000 · First Place Bk
Mar 17, 2008
—
Northland Village Developers L
Stonehenge Land
Warranty Deed
—
—
—
Northland Village Developers L
—
Loan Modification
related
$350,000 · First Place Bk
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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