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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Specialty properties
1962 Iuka Ave Columbus, OH 43201-1512
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1584943
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1913
Construction
WOOD
Total area
10,228 SF
Lot
0.76 ac (33,149 SF)
APN
010-046240
UPID
US66-1584943
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
-
Alpha Tau Omega Volunteer Organization Community Center
-
Pi Lambda Phi Volunteer Organization Community Center
-
Pi Lambda Phi Fraternity Volunteer Organization Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$505k
Owner & transaction history
1956 1962 Iuka Ave Dorms LLC · 4 yrs held
1956 1962 Iuka Ave Dorms LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$830,000
+107.0%
Commercial (general)
$760,000
+90.0%
Retail stores
$725,000
+81.0%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$400,000
Current use
MEDICAL BUILDING
$830,000
Change: +107% · Conversion: Difficult
COMMERCIAL (GENERAL)
$760,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$725,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$49 / 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
$41,058
Tax year 2023
Assessed value
$562,070
Assessed 2023
Previous assessed
$527,280
+6.6% YoY
Effective rate
7.30%
On assessed value
Assessed land
$112,350
Assessed improvement
$449,720
Land market value
$321,000
Improvement market value
$1,284,900
Total market value
$1,605,900
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1913
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
10,228 SF
Lot
0.76 ac (33,149 SF)
APN
010-046240
UPID
US66-1584943
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$400,000
MEDICAL BUILDING
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$760,000
RETAIL STORES
Est. value
$725,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1913
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
1956 1962 Iuka Ave Dorms LLC
Entity
Mailing address
2887 JOHNSTOWN RD, COLUMBUS, OH 43219-1719
Ownership since
2021
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
Oct 18, 2021
—
1956 1962 Iuka Ave Dorms LLC
1956 1962 Iuka LLC
Limited Warranty Deed
$4,275,000 · The Union Bank Co
May 19, 2020
—
1956 1962 Luka LLC
—
Deed
related
$300,000 · Lcnb National Bank
Oct 1, 2019
—
1956 1962 Luka LLC
—
Deed
related
$2,325,000 · Lcnb National Bank
Sep 1, 2015
—
1956-1962 Iuka LLC
Anna Gans Housing Corp
Grant Deed
$3,000,000 · First Fed'l Bk/the Midwest
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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