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Property profile & analytics
OFF-MARKET
Estimated value
$12,775,000
Community centers
1825 Hilliard Rome Rd Hilliard, OH 43026-7288
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0825326
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2007
Total area
45,108 SF
Lot
11.82 ac (514,836 SF)
APN
560-109106
UPID
US66-0825326
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
-
DICK'S Sporting Goods (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.58M
CAP Approach
CAP
$9.91M
Comparable Approach
Comparable
$13.05M
Blend (final)
Blend
$12.78M
Owner & transaction history
Tanglewood Plaza LLC · 4 yrs held
Tanglewood Plaza LLC
since 2022
Last sale
$12.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.1M
+77.2%
Office building
$7.9M
+7.0%
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 Hilliard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilliard 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
$13,050,000
ML approach
$9,580,000
CAP Approach
CAP Return
Estimation
6%
$10,730,000
6.5%
$9,905,000
7%
$9,195,000
Alternative Use
Use
Estimation
RESTAURANT
$13,110,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$7,920,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$12.78M
Range $11.50M – $14.05M · ±10% · vs last sale $12.50M (Mar 28 2022)
Last sale anchor
$12.50M
Mar 28 2022
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
$283 / 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
$300,483
Tax year 2023
Assessed value
$4,146,210
Assessed 2023
Previous assessed
$3,780,000
+9.7% YoY
Effective rate
7.25%
On assessed value
Assessed land
$2,108,260
Assessed improvement
$2,037,950
Land market value
$6,023,600
Improvement market value
$5,822,700
Total market value
$11,846,300
Applied tax rate
560.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2007
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
6
Bathrooms
1
Total area
45,108 SF
Lot
11.82 ac (514,836 SF)
APN
560-109106
UPID
US66-0825326
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
RESTAURANT
Est. value
$13.1M
OFFICE BUILDING
Est. value
$7.9M
RESTAURANT
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
2007
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
6
Bathrooms
1
Lot
11.82 ac
Current owner
From public records · entity-resolved
Tanglewood Plaza LLC
Entity
Mailing address
14803 S SPG ST, GARDENA, CA 90248-1943
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$12,500,000
Tanglewood Plaza LLC
Tanglewood Park LLC
Limited Warranty Deed
$9,375,000 · City National Bank
Jan 29, 2007
—
Roth Tanglewood LLC
Roth Family Ltd
Quit Claim Deed
—
Jan 22, 2007
—
State Street Holding INC
Tanglewood Park LLC
Warranty Deed
—
Dec 29, 2006
$2,000,000
Kohls Department Stores INC
Tanglewood Park LLC
Grant Deed
—
Apr 17, 2006
$1,550,000
P & P Real Estate LLC
Tanglewood Park LLC
Grant Deed
—
Jan 8, 2004
—
Luckoff & Land Co LLC
Bank One Trust Co NA Trustee
Grant Deed
related
—
Oct 14, 2003
—
Bank One Trust Co
Fraas,h C
Quit Claim Deed
related
—
Mar 21, 2003
$2,758,000
Sams Real Estate Busines Trust
Tanglewood Park LLC
Grant Deed
—
Oct 1, 1999
—
Tanglewood Park LLC
Solove,richard J
Grant Deed
related
—
—
—
Tanglewood Park LLC
—
Deed Of Trust
related
$1,000,000 · Key Bank & Trust
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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