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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Assisted living facilities
1870 Artane Pl Columbus, OH 43219-1096
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-6131836
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2004
Construction
WOOD
Total area
2,520 SF
Lot
7.69 ac (334,933 SF)
APN
010-098539
UPID
US66-6131836
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
-
Alfred Alvin Zebbs Park Apt Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$483k
Blend (final)
Blend
$515k
Owner & transaction history
City Of Columbus Ohio · 10 yrs held
City Of Columbus Ohio
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$465,000
+31.9%
Auto repair, garage
$400,000
+13.3%
Office building
$360,000
+2.0%
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 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$355,000
Current use
COMMERCIAL (GENERAL)
$465,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$400,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$360,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$340,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$204 / 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
$34,199
Tax year 2023
Assessed value
$468,170
Assessed 2023
Previous assessed
$360,500
+29.9% YoY
Effective rate
7.30%
On assessed value
Assessed land
$226,070
Assessed improvement
$242,100
Land market value
$645,900
Improvement market value
$691,700
Total market value
$1,337,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
2,520 SF
Lot
7.69 ac (334,933 SF)
APN
010-098539
UPID
US66-6131836
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$355,000
COMMERCIAL (GENERAL)
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$400,000
OFFICE BUILDING
Est. value
$360,000
MEDICAL BUILDING
Est. value
$340,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
7.69 ac
Current owner
From public records · entity-resolved
City Of Columbus Ohio
Entity
Free & Clear · 10 yrs held
Mailing address
261 W JOHNSTOWN RD, COLUMBUS, OH 43230-2796
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
Oct 1, 2020
—
Columbus Elderly Housing LP
—
Deed
related
$848,000 · Mountain Vly Nat'l Bk
Sep 21, 2015
—
City Of Columbus Ohio
Columbus Elderly Housing LP
Quit Claim Deed
—
Sep 23, 2003
—
Columbus Elderly Housing LP
Columbus Elderly Housing LP
Quit Claim Deed
related
—
Aug 27, 2003
—
Columbus City (oh)
Columbus Eldery Housing LP
Quit Claim Deed
related
—
Feb 10, 2003
—
Columbus Elderly Housing LP
Jordan,john E
Grant Deed
related
—
Nov 1, 2002
$350,000
Columbus Elderly Housing LP
Jordan,john E
Grant Deed
—
Oct 2, 2001
$1,000
John E Jordan
Columbus Elderly LP
Grant Deed
related
—
Mar 21, 2001
$5,000
Columbus Elderly LP
Jordan,john E
Grant Deed
—
—
—
Columbus Elderly Housing LP
—
Deed Of Trust
related
$848,000 · Mountain Vly Nat'l 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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