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Property profile & analytics
OFF-MARKET
Estimated value
$35,500,000
Retail residential properties
225 3rd St Columbus, OH 43215
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-5228694
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2017
Total area
243,888 SF
Lot
0.88 ac (38,333 SF)
APN
010-296465
UPID
US66-5228694
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
$43.06M
Comparable Approach
Comparable
$38.50M
Blend (final)
Blend
$35.50M
Owner & transaction history
80 On The Commons LLC · 6 yrs held
80 On The Commons LLC
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$55.6M
+93.8%
Auto repair, garage
$38.7M
+34.7%
Apartment house (5+ units)
$35.4M
+23.2%
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%
$46,645,000
6.5%
$43,055,000
7%
$39,980,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$28,705,000
Current use
RESTAURANT
$55,615,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$38,675,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$35,355,000
Change: +23% · Conversion: Moderate
OFFICE BUILDING
$34,545,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$32,930,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$26,360,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$26,175,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$35.50M
Range $31.95M – $39.05M · ±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
$146 / 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
$240,782
Tax year 2023
Assessed value
$15,636,250
Assessed 2023
Previous assessed
$25,200,010
-38.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$1,006,250
Assessed improvement
$14,630,000
Land market value
$2,875,000
Improvement market value
$41,800,000
Total market value
$44,675,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2017
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
12
Total area
243,888 SF
Lot
0.88 ac (38,333 SF)
APN
010-296465
UPID
US66-5228694
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
COMMERCIAL (GENERAL) Current
Est. value
$28.7M
RESTAURANT
Est. value
$55.6M
AUTO REPAIR, GARAGE
Est. value
$38.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$35.4M
OFFICE BUILDING
Est. value
$34.5M
MEDICAL BUILDING
Est. value
$32.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.4M
RETAIL STORES
Est. value
$26.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2017
Heating
YES
Cooling
Yes
Stories
12
Buildings
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
80 On The Commons LLC
Entity
Mailing address
200 E BROWARD BLVD #1410, FT LAUDERDALE, FL 33301-1963
Ownership since
2019
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
Oct 9, 2019
$72,000,000
80 On The Commons LLC
Two25 Commons LLC
Trustees Deed
$47,300,000 · Dbr Invs Co Ltd
Dec 7, 2016
$2,400,000
Two25 Commons LLC
Capitol S Cmnty Urban Rede
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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