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Property profile & analytics
FOR LEASE
Community centers
2100 Morse Rd Columbus, OH 43229
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-0555266
For Lease
1 / 3
$15,925,000
2100 Morse Rd, Columbus, OH 43229
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1976
Total area
224,466 SF
Lot
21.82 ac (950,566 SF)
APN
010-245370
UPID
US66-0555266
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
-
Kuhn Jodi DDS Dental Office
-
Tandy Leather Columbus-15 Big Box & Wholesale Store
-
Columbus Bilingual Academy- North High School
-
Northland Dental Dental Office
-
Alpha Sigma Omega Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.83M
Blend (final)
Blend
$15.93M
Owner & transaction history
Mc-nc LLC · 13 yrs held
Mc-nc LLC
since 2013
6 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$24,260,000
Current use
RETAIL STORES
$24,090,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$21,790,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$20,240,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$15.93M
Range $14.33M – $17.52M · ±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
$71 / 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
$337,520
Tax year 2023
Assessed value
$4,438,810
Assessed 2023
Previous assessed
$4,418,300
+0.5% YoY
Effective rate
7.60%
On assessed value
Assessed land
$1,596,980
Assessed improvement
$2,841,830
Land market value
$4,562,800
Improvement market value
$8,119,500
Total market value
$12,682,300
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1976
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
224,466 SF
Lot
21.82 ac (950,566 SF)
APN
010-245370
UPID
US66-0555266
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$24.3M
RETAIL STORES
Est. value
$24.1M
COMMERCIAL (GENERAL)
Est. value
$21.8M
OFFICE BUILDING
Est. value
$20.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE 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
1976
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
21.82 ac
Current owner
From public records · entity-resolved
Mc-nc LLC
Entity
Free & Clear · 13 yrs held
Mailing address
12295 OLIVE BLVD, SAINT LOUIS, MO 63141-6630
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
—
Mc Nc LLC
—
Deed
related
$14,280,400 · Cnb St Louis Bank
Apr 25, 2013
—
Mc-nc LLC
Mc-nc Holdings LLC
Quit Claim Deed
—
Dec 1, 2011
—
Mc-nc LLC
—
Loan Modification
related
$13,956,725 · Bank Of America
Aug 19, 2004
—
Hurwitz,michael S
Mc-nc LLC
Quit Claim Deed
related
—
May 26, 2004
$19,050,000
Mc-nc LLC
Cub Square Associates LP
Grant Deed
$15,950,000 · Lasalle National Bank
Feb 17, 2000
$13,127,800
Cub Square Assoc LP
Tippo Bay Development Co
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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