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Property profile & analytics
OFF-MARKET
Estimated value
$8,525,000
Community centers
1955 Henderson Rd, Upper Arlington, OH 43220-2401
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US66-1426051
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1976
Total area
80,876 SF
Lot
11.72 ac (510,654 SF)
Zoning code
2027
APN
070-004529
UPID
US66-1426051
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.53M
Owner & transaction history
Centro Np Greentree Sc LLC · 15 yrs held
Centro Np Greentree Sc LLC
since 2010
4 recorded transactions
Zoning & alternative use
2027 · Upper Arlington, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.8M
+46.7%
Apartment house (5+ units)
$11.7M
+34.1%
Medical building
$10.9M
+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 Upper Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upper Arlington 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,740,000
Current use
AUTO REPAIR, GARAGE
$12,825,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,725,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$10,920,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$9,335,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$8,680,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,850,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$8.53M
Range $7.67M – $9.38M · ±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
$105 / 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
$328,261
Tax year 2023
Assessed value
$4,074,040
Assessed 2023
Previous assessed
$3,654,010
+11.5% YoY
Effective rate
8.06%
On assessed value
Assessed land
$1,340,470
Assessed improvement
$2,733,570
Land market value
$3,829,900
Improvement market value
$7,810,200
Total market value
$11,640,100
Applied tax rate
70.0000
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
1976
Heating
YES
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
80,876 SF
Lot
11.72 ac (510,654 SF)
Zoning code
2027
APN
070-004529
UPID
US66-1426051
Jurisdiction
FRANKLIN
Zoning & alternative use
2027 · Upper Arlington, OH
Zoning 2027 · permitted uses
2027 · Upper Arlington, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Upper Arlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$12.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.7M
MEDICAL BUILDING
Est. value
$10.9M
OFFICE BUILDING
Est. value
$9.3M
RETAIL STORES
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1976
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
11.72 ac
Current owner
From public records · entity-resolved
Centro Np Greentree Sc LLC
Entity
Mailing address
500 E BROWARD BLVD STE #1130, FT LAUDERDALE, FL 33394-3022
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2010
—
Centro Np Greentree Sc LLC
New Plan Financing I LLC
Deed
$970,000,000 · Jpmorgan Chase Bank NA
Sep 14, 2000
—
New Plan Financing I INC
—
Deed Of Trust
related
$3,830,000 · San Francisco Emp Retirement
Jul 24, 1998
$10,200,000
New Plan Realty Trust
Upper Arlington Holding
Grant Deed
—
—
—
New Plan Financing I INC
—
Deed Of Trust
related
$5,270,000 · San Francisco Emp Retirement
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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