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Property profile & analytics
OFF-MARKET
Estimated value
$4,550,000
Community centers
2122 Tremont Rd 2160, Upper Arlington, OH 43221-4239
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-1974696
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1952
Total area
36,130 SF
Lot
5.35 ac (232,959 SF)
Zoning code
2845
APN
070-000088
UPID
US66-1974696
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
$4.55M
Owner & transaction history
Tremont Center Co · 10 yrs held
Tremont Center Co
since 2015
1 recorded transaction
Zoning & alternative use
2845 · Upper Arlington, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.7M
+46.7%
Apartment house (5+ units)
$5.2M
+34.1%
Office building
$5.2M
+32.1%
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
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
$3,905,000
Current use
AUTO REPAIR, GARAGE
$5,730,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,235,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$5,155,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$4,880,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$3,880,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,510,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$4.55M
Range $4.10M – $5.01M · ±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
$126 / 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
$226,885
Tax year 2023
Assessed value
$2,815,860
Assessed 2023
Previous assessed
$2,467,500
+14.1% YoY
Effective rate
8.06%
On assessed value
Assessed land
$1,223,040
Assessed improvement
$1,592,820
Land market value
$3,494,400
Improvement market value
$4,550,900
Total market value
$8,045,300
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1952
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
36,130 SF
Lot
5.35 ac (232,959 SF)
Zoning code
2845
APN
070-000088
UPID
US66-1974696
Jurisdiction
FRANKLIN
Zoning & alternative use
2845 · Upper Arlington, OH
Zoning 2845 · permitted uses
2845 · Upper Arlington, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Upper Arlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1952
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
5.35 ac
Current owner
From public records · entity-resolved
Tremont Center Co
Entity
Free & Clear · 10 yrs held
Mailing address
1480 DUBLIN RD, COLUMBUS, OH 43215-1010
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2015
—
Tremont Center Co
Voelker Dow T
Quit Claim Deed
related
—
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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