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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail space
1985 Main St Columbus, OH 43205-1612
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1259544
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
8,008 SF
Lot
0.49 ac (21,170 SF)
APN
010-004941
UPID
US66-1259544
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
-
Columbus Laundry Company (Bike/Boat/Book/etc) Store
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Dexter Real Estate Holdings Oh LLC · 4 yrs held
Dexter Real Estate Holdings Oh LLC
since 2021
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+35.1%
Office building
$1.1M
+33.0%
Medical building
$1.1M
+25.8%
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
$500,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$860,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,160,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,145,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$1,080,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$865,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$795,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Nov 16 2021)
Last sale anchor
$700k
Nov 16 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
$87 / 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
$21,469
Tax year 2023
Assessed value
$293,900
Assessed 2023
Previous assessed
$265,690
+10.6% YoY
Effective rate
7.30%
On assessed value
Assessed land
$36,750
Assessed improvement
$257,150
Land market value
$105,000
Improvement market value
$734,700
Total market value
$839,700
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
8,008 SF
Lot
0.49 ac (21,170 SF)
APN
010-004941
UPID
US66-1259544
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
RETAIL STORES Current
Est. value
$860,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$795,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Dexter Real Estate Holdings Oh LLC
Entity
Mailing address
775 KACENA RD, HIAWATHA, IA 52233-1291
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2021
$700,000
Dexter Real Estate Holdings Oh LLC
1985 East Main LLC
Warranty Deed
—
Mar 17, 2021
$675,000
1985 East Main LLC
1985 East Main Street LLC
Warranty Deed
—
May 16, 2017
—
1985 East Main Street LLC
—
Trustees Deed
related
$275,000 · Eulisis Capital LLC
May 11, 2017
$690,000
1985 East Main Street LLC
Enterprising Properties LLC
Limited Warranty Deed
$517,500 · The Fahey Banking Co
May 11, 2017
—
Enterprising Properties LLC
Craig,jacqueline S & Stanley R
Grant Deed
—
May 17, 2012
—
Stanley R Craig
Craig Plaza INC
Quit Claim Deed
—
Jan 26, 2004
$310,000
Craig Plaza INC
Mandel,jonathan R
Grant Deed
—
Jan 31, 2002
$230,000
Jonathan R Mandel
Global Holding INC
Grant Deed
—
—
—
Craig Plaza INC
—
Deed Of Trust
related
$640,000 · Heartland Bank
—
—
Craig Plaza INC
—
Deed Of Trust
related
$640,000 · Heartland Bank
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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