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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Office buildings
2041 Riverside Dr Upper Arlington, OH 43221-4024
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1293816
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Total area
7,472 SF
Lot
0.46 ac (19,950 SF)
APN
070-012912
UPID
US66-1293816
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
$1.33M
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.29M
Owner & transaction history
Ch 2041 Riverside LLC · 2 yrs held
Ch 2041 Riverside LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+59.8%
Auto repair, garage
$1.2M
+11.1%
Apartment house (5+ units)
$1.1M
+1.6%
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
$1,280,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
$1,535,000
6.5%
$1,415,000
7%
$1,315,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,065,000
Current use
RESTAURANT
$1,705,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,185,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,085,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$1,010,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.20M (Apr 15 2024)
Last sale anchor
$1.20M
Apr 15 2024
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
$172 / 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
$25,979
Tax year 2023
Assessed value
$322,430
Assessed 2023
Previous assessed
$385,000
-16.3% YoY
Effective rate
8.06%
On assessed value
Assessed land
$139,970
Assessed improvement
$182,460
Land market value
$399,900
Improvement market value
$521,300
Total market value
$921,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
7,472 SF
Lot
0.46 ac (19,950 SF)
APN
070-012912
UPID
US66-1293816
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
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1965
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Ch 2041 Riverside LLC
Entity
Mailing address
111 DAVISVILLE RD, DAVISVILLE, WV 26142-9600
Ownership since
2024
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
Jul 15, 2024
$1,200,000
Ch 2041 Riverside LLC
Curry Transfer & Storage Co INC
Warranty Deed
$1,100,738 · Ohio State Bank
Jan 3, 2022
$1,100,000
Cuny Transfer And Storage Co
Dancor Properties LLC
Warranty Deed
—
Oct 2, 2006
$525,000
Dancor Properties LLC
2041 Riverside LLC
Warranty Deed
—
Dec 31, 1997
—
2041 Riverside LLC
Johns,robert H
Quit Claim Deed
related
—
—
—
Dancor Properties LLC
—
Deed Of Trust
related
$250,000 · Kemba Financial Cu
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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