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Property profile & analytics
OFF-MARKET
Estimated value
$23,695,000
Warehouses
2315 Creekside Pkwy Lockbourne, OH 43137-9312
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-3191763
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Total area
253,764 SF
Lot
12.49 ac (544,108 SF)
APN
152-001922
UPID
US66-3191763
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
$29.71M
Blend (final)
Blend
$23.70M
Owner & transaction history
Aireit Creekside Cc I LLC · 1 yrs held
Aireit Creekside Cc I LLC
since 2025
Last sale
$27.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$38.2M
+78.6%
Apartment house (5+ units)
$36.8M
+72.1%
Office building
$34.9M
+63.2%
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 Lockbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lockbourne 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
WAREHOUSE, STORAGE
$21,370,000
Current use
MEDICAL BUILDING
$38,170,000
Change: +79% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$36,785,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$34,875,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$31,715,000
Change: +48% · Conversion: Moderate
Blend value · Realmo final
$23.70M
Range $21.33M – $26.06M · ±10% · vs last sale $27.66M (Mar 1 2025)
Last sale anchor
$27.66M
Mar 1 2025
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
$93 / 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
$33,971
Tax year 2023
Assessed value
$6,146,010
Assessed 2023
Previous assessed
$5,754,000
+6.8% YoY
Effective rate
0.55%
On assessed value
Assessed land
$437,190
Assessed improvement
$5,708,820
Land market value
$1,249,100
Improvement market value
$16,310,900
Total market value
$17,560,000
Applied tax rate
152.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
253,764 SF
Lot
12.49 ac (544,108 SF)
APN
152-001922
UPID
US66-3191763
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
WAREHOUSE, STORAGE Current
Est. value
$21.4M
MEDICAL BUILDING
Est. value
$38.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$36.8M
OFFICE BUILDING
Est. value
$34.9M
RETAIL STORES
Est. value
$31.7M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2008
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
12.49 ac
Current owner
From public records · entity-resolved
Aireit Creekside Cc I LLC
Entity
Free & Clear · 1 yrs held
Mailing address
629 N HIGH ST FL #500, COLUMBUS, OH 43215-2929
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2025
$27,664,000
Aireit Creekside Cc I LLC
Xxi Columbus LLC
Deed
—
May 18, 2015
$13,700,000
Northern Holding Xxi-columbus
Pizzuti Of Creekside X LLC
Grant Deed
related
$16,710,000 · Pnc Bk
Sep 12, 2013
—
Pizzuti Of Creekside Xi LLC
Pizzuti Of Creekside Land Holding
Quit Claim Deed
related
—
May 27, 2008
—
Pizzuti Of Creekside X LLC
Pizzuti Of Creekside Land Holding
Quit Claim Deed
related
—
Jul 19, 2006
$2,860,800
Pizzuti Of Creekside Xii LLC
Pizzuti Of Creekside Land Holding
Grant Deed
related
$24,689,000 · Wells Fargo Bk
Sep 20, 2005
—
Creekside Indl Center Owners
Pizzuti Of Creekside Land Holding
Quit Claim Deed
related
—
Jan 21, 2005
—
Pizzuti Of Creekside Xiii LLC
Pizzuti Of Creekside Land Holding
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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