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Property profile & analytics
OFF-MARKET
Estimated value
$3,330,000
Specialty properties
229 State St Columbus, OH 43215-4342
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2694246
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Lot
0.22 ac (9,540 SF)
APN
010-079736
UPID
US66-2694246
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
-
O'Shaughnessy Company Social Service Agency
-
Schoedinger Pets Memorial & Cremation Services Pet Funeral Service
-
Schoedinger Funeral Home-Midtown Social Service Agency
-
Schoedinger State Street - Midtown Social Service Agency
-
Central Ohio Memorials,LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.33M
Owner & transaction history
Sci Ohio Funeral Services INC · 4 yrs held
Sci Ohio Funeral Services INC
since 2021
Last sale
$3.5M
7 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
$3,165,000
ML approach
$3,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.33M
Range $3.00M – $3.66M · ±10% · vs last sale $3.47M (Dec 21 2021)
Last sale anchor
$3.47M
Dec 21 2021
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
—
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
$18,624
Tax year 2023
Assessed value
$254,950
Assessed 2023
Previous assessed
$254,950
+0.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$250,680
Assessed improvement
$4,270
Land market value
$716,200
Improvement market value
$12,200
Total market value
$728,400
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Heating
GAS
Lot
0.22 ac (9,540 SF)
APN
010-079736
UPID
US66-2694246
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
Building & site characteristics
From public records
Heating
GAS
Lot
0.22 ac
Current owner
From public records · entity-resolved
Sci Ohio Funeral Services INC
Entity
Free & Clear · 4 yrs held
Mailing address
1929 ALLEN PKWY, HOUSTON, TX 77019-2506
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$3,470,000
Sci Ohio Funeral Services INC
Rami Properties LLC
Limited Warranty Deed
—
Sep 2, 2020
—
Javid Properties LLC
—
Deed
related
$2,600,000 · Civista Bk
Dec 26, 2018
—
Rami Properties LLC
—
Deed
related
$700,000 · Fifth Third Bk
Nov 13, 2018
$100,000
Rami Properties LLC
Monsarrat Robert W H J Trust
Grant Deed
—
Nov 13, 2018
$200,000
Rami Properties LLC
Monsarrat,mark P
Grant Deed
—
Sep 19, 2018
$1,200,000
Alexander Partners LLC
Rami Properties LLC
Grant Deed
—
Aug 8, 2018
$154,000
Rami Properties LLC
Schoedinger Ferdinand Trust
Grant Deed
—
Aug 1, 2018
—
Schoedinger,ferdinand P JR Trust
Schoedinger,mary M
Affidavit Of Death
related
—
May 10, 2018
—
Monsarrat,robert W H JR Trust
Monsarrat,robert W JR
Quit Claim Deed
related
—
—
—
Rami Properties LLC
—
Deed Of Trust
related
$700,000 · Fifth Third Bk
—
—
Javid Properties LLC
—
Deed Of Trust
related
$2,600,000 · Civista 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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