Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,230,000
Office buildings
2361 Morse Rd Columbus, OH 43229-5856
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2662750
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
90,000 SF
Lot
17.85 ac (777,633 SF)
Zoning code
2361
APN
010-103248
UPID
US66-2662750
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
-
Drive Direct Car Dealership
-
Hertz Car Rental - Easton Location HLE Car Rental Facility
-
Direct Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.67M
Blend (final)
Blend
$9.23M
Owner & transaction history
4each Properties LLC · 6 yrs held
4each Properties LLC
since 2019
3 recorded transactions
Zoning & alternative use
2361 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.3M
+75.9%
Apartment house (5+ units)
$13.0M
+60.8%
Medical building
$12.2M
+49.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,115,000
Current use
AUTO REPAIR, GARAGE
$14,270,000
Change: +76% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,045,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$12,155,000
Change: +50% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,725,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$9,660,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,735,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$9.23M
Range $8.31M – $10.15M · ±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
$103 / 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
$350,049
Tax year 2023
Assessed value
$4,792,040
Assessed 2023
Previous assessed
$4,792,040
+0.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$1,007,060
Assessed improvement
$3,784,980
Land market value
$2,877,300
Improvement market value
$10,814,200
Total market value
$13,691,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
90,000 SF
Lot
17.85 ac (777,633 SF)
Zoning code
2361
APN
010-103248
UPID
US66-2662750
Jurisdiction
FRANKLIN
Zoning & alternative use
2361 · Columbus, OHZoning 2361 · permitted uses
2361 · Columbus, OH
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 Current
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$14.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.0M
MEDICAL BUILDING
Est. value
$12.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
RETAIL STORES
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1962
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
17.85 ac
Current owner
From public records · entity-resolved
4each Properties LLC
Entity
Mailing address
633 W 3RD ST, COVINGTON, KY 41011-1203
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
—
4each Properties LLC
—
Deed
related
$13,500,000 · Bank Of America NA
Aug 9, 2019
$4,925,000
4each Properties LLC
Columbus-morse Rd Bnk Invtrs L
Grant Deed
—
—
—
Columbus Morse Rd
—
Deed Of Trust
related
$5,078 · Legg Mason Real Services INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2361 Morse Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
