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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Manufacturing properties
184 Heatherdown Dr 196, Westerville, OH 43081-2868
Entity Owned
~
Est. High Equity
Property ID
US66-1522365
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Total area
25,600 SF
Lot
2.56 ac (111,296 SF)
Zoning code
691
APN
080-005796
UPID
US66-1522365
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
-
Heart of Ohio Tole Inc Theater & Performing Art Venue
-
Authority of the Believers Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$2.07M
Owner & transaction history
Btts Hq LLC
Btts Hq LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
691 · Westerville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.2M
+55.4%
Office building
$3.2M
+54.1%
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 Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville 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
$2,005,000
ML approach
$2,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,060,000
Current use
RETAIL STORES
$3,200,000
Change: +55% · Conversion: Moderate
OFFICE BUILDING
$3,175,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10% · vs last sale $2.13M (Jun 24 2021)
Last sale anchor
$2.13M
Jun 24 2021
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
$81 / 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
$58,743
Tax year 2023
Assessed value
$715,090
Assessed 2023
Previous assessed
$715,090
+0.0% YoY
Effective rate
8.21%
On assessed value
Assessed land
$313,010
Assessed improvement
$402,080
Land market value
$894,300
Improvement market value
$1,148,800
Total market value
$2,043,100
Applied tax rate
80.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
25,600 SF
Lot
2.56 ac (111,296 SF)
Zoning code
691
APN
080-005796
UPID
US66-1522365
Jurisdiction
FRANKLIN
Zoning & alternative use
691 · Westerville, OH
Zoning 691 · permitted uses
691 · Westerville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1980
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.56 ac
Current owner
From public records · entity-resolved
Btts Hq LLC
Entity
Mailing address
2367 FRD RD, DELAWARE, OH 43015-8805
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
—
Btts Hq LLC
—
Deed
related
$764,000 · First Bank Of Central Ohio
Nov 21, 2025
$3,015,000
Btts Hq LLC
Sko Ren Rbp Properties LLC
Warranty Deed
$2,680,000 · First Bank Of Central Ohio
Jun 24, 2021
$2,100,000
Sko Ren Rbp Properties LLC
Green Crest Investments LLC
Warranty Deed
$2,130,000 · Key Bank NA
Sep 12, 2019
$1,200,000
Green Crest Investments LLC
Brooksedge Associates LLC
Warranty Deed
$960,000 · First Merchants Bank
Jan 11, 2017
$493,500
184 Heatherdown LLC
Brooksedge Associates LLC
Warranty Deed
$805,000 · Benchmark Bk
Jun 13, 2016
—
Brooksedge Associates LLC
—
Deed
related
$2,485,000 · Royal Bk/mo
Mar 30, 2016
$735,000
Green Crest Investments LLC
Brooksedge Associates LLC
Warranty Deed
$487,500 · Firstmerit Bk
Apr 11, 2013
—
Brooksedge Associates LLC
—
Loan Modification
related
$6,649,669 · Reliance Bk
Mar 22, 2013
—
Brooksedge Associates LLC
Mcclain-palmer Ltd
Quit Claim Deed
related
—
Mar 12, 2013
—
Brooksedge Associates LLC
Fae Westerville LLC
Quit Claim Deed
related
—
Dec 7, 2009
$250,000
Brooksedge Associates LLC
Mcclain-palmer Ltd
Grant Deed
—
Nov 5, 2007
$7,300,000
Brooksedge Associates LLC
Msci 1998-cf1 Green Crest Driv
Grant Deed
—
Feb 27, 2007
—
Msci 1998-cf1 Green Crest Driv
Brooksedge LLC
Grant Deed
related
—
Mar 20, 1998
$11,350,000
Brooksede LLC
Cigna Real Estate Fund S Ltd
Grant Deed
—
—
—
Brooksedge Associates LLC
—
Deed Of Trust
related
$2,485,000 · Royal Bk/mo
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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