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Property profile & analytics
OFF-MARKET
Estimated value
$16,795,000
Manufacturing properties
2230 3rd St Columbus, OH 43207-2402
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-2055460
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1954
Total area
125,964 SF
Lot
20.58 ac (896,552 SF)
APN
010-112778
UPID
US66-2055460
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
-
Hirschvogel Inc. Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.52M
Comparable Approach
Comparable
$18.13M
Blend (final)
Blend
$16.80M
Owner & transaction history
Hirschvogel INC · 10 yrs held
Hirschvogel INC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.0M
+77.2%
Apartment house (5+ units)
$18.3M
+62.0%
Office building
$18.0M
+59.5%
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%
$24,395,000
6.5%
$22,515,000
7%
$20,910,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,270,000
Current use
AUTO REPAIR, GARAGE
$19,975,000
Change: +77% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$18,260,000
Change: +62% · Conversion: Difficult
OFFICE BUILDING
$17,980,000
Change: +60% · Conversion: Difficult
MEDICAL BUILDING
$17,010,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,615,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$13,520,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$16.80M
Range $15.12M – $18.47M · ±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
$133 / 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
$160,409
Tax year 2023
Assessed value
$2,707,500
Assessed 2023
Previous assessed
$2,603,170
+4.0% YoY
Effective rate
5.92%
On assessed value
Assessed land
$394,450
Assessed improvement
$2,313,050
Land market value
$1,127,000
Improvement market value
$6,608,700
Total market value
$7,735,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1954
Heating
YES
Cooling
NONE
Buildings
5
Stories
2
Total area
125,964 SF
Lot
20.58 ac (896,552 SF)
APN
010-112778
UPID
US66-2055460
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
INDUSTRIAL (GENERAL) Current
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$20.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.3M
OFFICE BUILDING
Est. value
$18.0M
MEDICAL BUILDING
Est. value
$17.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.6M
RETAIL STORES
Est. value
$13.5M
INDUSTRIAL (GENERAL) Current
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
1954
Heating
YES
Cooling
Yes
Stories
2
Buildings
5
Lot
20.58 ac
Current owner
From public records · entity-resolved
Hirschvogel INC
Entity
Free & Clear · 10 yrs held
Mailing address
2230 S 3RD ST, COLUMBUS, OH 43207-2402
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2016
—
Hirschvogel INC
City Of Columbus Ohio
Quit Claim Deed
related
—
Sep 4, 2015
—
Hirschvogel INC
City Of Columbus Ohio
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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