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Property profile & analytics
OFF-MARKET
Drive through restaurants
2049-2051 Henderson Rd, Upper Arlington, OH 43220
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-2123777
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1985
Total area
3,024 SF
Lot
0.47 ac (20,386 SF)
APN
070-011231
UPID
US66-2123777
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
by Request
Owner & transaction history
Garden Plaza LLC · 10 yrs held
Garden Plaza LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$32,826
Tax year 2023
Assessed value
$407,400
Assessed 2023
Previous assessed
$399,880
+1.9% YoY
Effective rate
8.06%
On assessed value
Assessed land
$160,860
Assessed improvement
$246,540
Land market value
$459,600
Improvement market value
$704,400
Total market value
$1,164,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1985
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
3,024 SF
Lot
0.47 ac (20,386 SF)
APN
070-011231
UPID
US66-2123777
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
Building & site characteristics
From public records
Year built
1985
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Garden Plaza LLC
Entity
Mailing address
5500 DUBLIN RD, DUBLIN, OH 43017-1506
Ownership since
2016
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
Jun 2, 2021
—
Garden Plaza LLC
—
Deed
related
$499,000 · Buckeye State Bank
May 24, 2016
$990,000
Garden Plaza LLC
Sko Ren Rbp LLC
Warranty Deed
$693,000 · Jpmorgan Chase Bank NA
Feb 14, 2014
$880,000
Sko Ren Rbp LLC
Lindazzo LLC
Warranty Deed
$650,000 · Fcbank
Jun 25, 2012
$475,000
Lindazzo LLC
Eichelmann E A Trust
Warranty Deed
$356,000 · State Bank & Trust
May 12, 2009
—
Eichelmann Norman F Trust
Eichelmann,norman F
Quit Claim Deed
related
—
Apr 20, 2009
$100,000
Norman F Eichelmann
Odani Patricia A Trust
Warranty Deed
—
Mar 16, 2007
—
Eichelmann Eleanore A Trust
Eichelmann N F & E A Trust
Quit Claim Deed
related
—
Mar 27, 2006
—
Eichelmann Norman F Tr
Eichelmann,eleanore A
Affidavit Of Death
related
—
May 1, 2002
$890,000
Eichelmann Trust
Grb Henderson Road Partners
Grant Deed
—
Dec 27, 2001
$390,000
Grb Henderson Road Partners Ll
United Dairy Farmers INC
Grant Deed
$661,875 · Huntington National 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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