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Property profile & analytics
OFF-MARKET
Estimated value
$15,035,000
Retail residential properties
185 Main St Columbus, OH 43215
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-0352659
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2019
Total area
81,135 SF
Lot
0.89 ac (38,594 SF)
APN
010-057171
UPID
US66-0352659
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
$14.33M
Comparable Approach
Comparable
$12.81M
Blend (final)
Blend
$15.04M
Owner & transaction history
195 East Main Street Owner LLC · 1 yrs held
195 East Main Street Owner LLC
since 2025
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.5M
+93.8%
Auto repair, garage
$12.9M
+34.7%
Apartment house (5+ units)
$11.8M
+23.2%
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%
$15,515,000
6.5%
$14,325,000
7%
$13,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,550,000
Current use
RESTAURANT
$18,500,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,865,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,760,000
Change: +23% · Conversion: Moderate
OFFICE BUILDING
$11,495,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$10,955,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$15.04M
Range $13.53M – $16.54M · ±10% · vs last sale $16.51M (Jul 7 2025)
Last sale anchor
$16.51M
Jul 7 2025
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
$185 / 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
$110,531
Tax year 2023
Assessed value
$5,996,320
Assessed 2023
Previous assessed
$4,486,280
+33.7% YoY
Effective rate
1.84%
On assessed value
Assessed land
$705,570
Assessed improvement
$5,290,750
Land market value
$2,015,900
Improvement market value
$15,116,400
Total market value
$17,132,300
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2019
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
5
Total area
81,135 SF
Lot
0.89 ac (38,594 SF)
APN
010-057171
UPID
US66-0352659
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
COMMERCIAL (GENERAL) Current
Est. value
$9.6M
RESTAURANT
Est. value
$18.5M
AUTO REPAIR, GARAGE
Est. value
$12.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.8M
OFFICE BUILDING
Est. value
$11.5M
MEDICAL BUILDING
Est. value
$11.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL 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
2019
Heating
YES
Cooling
Yes
Stories
5
Buildings
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
195 East Main Street Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
369 E LIVINGSTON AVE, COLUMBUS, OH 43215-5531
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2025
$16,508,200
195 East Main Street Owner LLC
Harlow Apartments LLC
Deed
—
Jan 7, 2022
—
Harlow Apartments LLC
—
Deed
related
$18,600,000 · Premier Bank
Feb 4, 2019
$2,000,000
Harlow Apartments LLC
Ab 195 East Main LLC
Warranty Deed
$14,550,000 · First Federal Bank Of The Midwest
May 21, 2018
$1,600,000
195 East Main LLC
195 East Main Street LLC
Warranty Deed
—
May 21, 2018
—
Ab 195 East Main LLC
—
Grant Deed
related
$1,500,000 · First Fed'l Bk/midwest
Jan 6, 2017
—
195 E Main Street LLC
—
Trustees Deed
related
$300,000 · Columbus First Bk
Dec 30, 2016
$400,000
195 East Main Street LLC
Sheriff Of Franklin County|whipps,edward F
Trustees Deed
—
Oct 19, 2006
—
Ryan,james M
Ryan,james M & Carolyn P
Quit Claim Deed
related
—
Sep 14, 2006
—
Ryan,james M
Ryan,carolyn P
Quit Claim Deed
related
—
Nov 7, 2005
—
Whipps,edward F Tr
Michael F Colley
Quit Claim Deed
related
—
Nov 1, 2005
—
Ryan,carolyn P
Ryan,james M
Quit Claim Deed
related
—
Oct 21, 2005
—
Whipps,edward F Tr
Colley,michael F
Quit Claim Deed
related
—
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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