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Property profile & analytics
OFF-MARKET
Estimated value
$25,265,000
Retail residential properties
203 High St 213 Columbus, OH 43215-4503
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-6155791
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2016
Construction
WOOD
Total area
173,562 SF
Lot
0.54 ac (23,392 SF)
APN
010-022541
UPID
US66-6155791
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
$30.64M
Comparable Approach
Comparable
$27.40M
Blend (final)
Blend
$25.27M
Owner & transaction history
Annex At River South II Ltd · 10 yrs held
Annex At River South II Ltd
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$39.6M
+93.8%
Auto repair, garage
$27.5M
+34.7%
Apartment house (5+ units)
$25.2M
+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%
$33,195,000
6.5%
$30,640,000
7%
$28,450,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$20,430,000
Current use
RESTAURANT
$39,580,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$27,525,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$25,160,000
Change: +23% · Conversion: Moderate
OFFICE BUILDING
$24,585,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$23,435,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$18,760,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$18,630,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$25.27M
Range $22.74M – $27.79M · ±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
$146 / 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
$117,995
Tax year 2023
Assessed value
$9,450,000
Assessed 2023
Previous assessed
$7,700,050
+22.7% YoY
Effective rate
1.25%
On assessed value
Assessed land
$613,130
Assessed improvement
$8,836,870
Land market value
$1,751,800
Improvement market value
$25,248,200
Total market value
$27,000,000
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
2016
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
1
Stories
8
Total area
173,562 SF
Lot
0.54 ac (23,392 SF)
APN
010-022541
UPID
US66-6155791
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
$20.4M
RESTAURANT
Est. value
$39.6M
AUTO REPAIR, GARAGE
Est. value
$27.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.2M
OFFICE BUILDING
Est. value
$24.6M
MEDICAL BUILDING
Est. value
$23.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.8M
RETAIL STORES
Est. value
$18.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
8
Buildings
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Annex At River South II Ltd
Individual
Free & Clear · 10 yrs held
Mailing address
230 WW ST STE #200, COLUMBUS, OH 43215-2655
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2020
—
The Annex At River South II Ltd
—
Deed
related
$50,300,000 · The Huntington National Bank
Dec 14, 2015
—
Annex At River South II Ltd
City Of Columbus Ohio
Quit Claim Deed
related
—
May 14, 2013
$750,000
Annex At River South II Ltd
Columbus Downtown Dev Corp
Grant Deed
—
Dec 27, 2006
$1,200,000
Columbus Downtown Dev Corp
Greenwald & Shayne R/e
Warranty Deed
—
—
—
Annex At River South II Ltd
—
Deed Of Trust
related
$68,000,000 · Wells Fargo 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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