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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Hospitals
2231 Wesley Way Reynoldsburg, OH 43068-8044
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2389638
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2001
Construction
STEEL FRAME
Total area
7,976 SF
Lot
3.39 ac (147,668 SF)
APN
045-03792.60
UPID
US66-2389638
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
$1.46M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.25M
Owner & transaction history
Wesley Ridge Residence Corp · 21 yrs held
Wesley Ridge Residence Corp
since 2005
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+51.1%
Restaurant
$820,000
+11.5%
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 Reynoldsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reynoldsburg 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%
$1,575,000
6.5%
$1,455,000
7%
$1,350,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,110,000
Change: +51% · Conversion: Easy
RESTAURANT
$820,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±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
$157 / 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
Assessed value
$938,610
Assessed 2023
Previous assessed
$938,610
+0.0% YoY
Assessed land
$402,920
Assessed improvement
$535,690
Land market value
$1,151,200
Improvement market value
$1,530,550
Total market value
$2,681,750
Applied tax rate
45.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Rooms
16
Bathrooms
16
Total area
7,976 SF
Lot
3.39 ac (147,668 SF)
APN
045-03792.60
UPID
US66-2389638
Jurisdiction
FAIRFIELD
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
Est. value
$1.1M
RESTAURANT
Est. value
$820,000
OFFICE BUILDING
RESTAURANT
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
2001
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Rooms
16
Bathrooms
16
Lot
3.39 ac
Current owner
From public records · entity-resolved
Wesley Ridge Residence Corp
Entity
Free & Clear · 21 yrs held
Mailing address
2225 STATE RTE 256, REYNOLDSBURG, OH 43068-9538
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2011
—
Wesley Ridge Residence Corp
—
Deed Of Trust
related
$39,000,000 · Firstmerit Bank NA
Oct 29, 2010
—
Wesley Ridge Residence Corp
—
Deed Of Trust
related
$30,000,000 · Firstmerit Bank NA
Apr 13, 2005
—
Wesley Ridge Residence Corp
County Of Franklin Ohio
Grant Deed
related
—
—
—
Wesley Ridge Residence Corp
—
Deed Of Trust
related
$72,000,000 · Us Bk
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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