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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Retail residential properties
2490 High St Columbus, OH 43202-2987
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-0830350
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1930
Construction
WOOD
Total area
4,327 SF
Lot
0.62 ac (26,920 SF)
APN
010-045644
UPID
US66-0830350
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
-
Tompkins Studio Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$575k
Owner & transaction history
City Of Columbus · 7 yrs held
City Of Columbus
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$685,000
+63.4%
Office building
$620,000
+47.0%
Medical building
$585,000
+39.1%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$420,000
Current use
AUTO REPAIR, GARAGE
$685,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$585,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$465,000
Change: +11% · Conversion: Easy
WAREHOUSE, STORAGE
$365,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$133 / 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
$161,471
Tax year 2023
Assessed value
$2,210,470
Assessed 2023
Previous assessed
$1,411,700
+56.6% YoY
Effective rate
7.30%
On assessed value
Assessed land
$188,550
Assessed improvement
$2,021,920
Land market value
$538,700
Improvement market value
$5,776,900
Total market value
$6,315,600
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
1930
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Total area
4,327 SF
Lot
0.62 ac (26,920 SF)
APN
010-045644
UPID
US66-0830350
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
$420,000
AUTO REPAIR, GARAGE
Est. value
$685,000
OFFICE BUILDING
Est. value
$620,000
MEDICAL BUILDING
Est. value
$585,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$470,000
RETAIL STORES
Est. value
$465,000
WAREHOUSE, STORAGE
Est. value
$365,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1930
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
City Of Columbus
Entity
Mailing address
2700 ALUM XING DR, LEWIS CENTER, OH 43035-7358
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
Verge Developments LLC
—
Grant Deed
related
$6,200,000 · Kemba Fin'l Cu
Jul 12, 2019
—
City Of Columbus
Verge Dev LLC
Warranty Deed
—
Jul 24, 2018
$488,000
Verge Developments LLC
Commission Possible LLC
Warranty Deed
—
Sep 26, 2013
$295,000
Commission Possible LLC
Ohio State Holdings LLC
Warranty Deed
—
May 28, 2008
—
Ohio State Holdings LLC
Payne,gary L & Penny L
Quit Claim Deed
related
—
Apr 8, 2003
$240,000
Gary L Payne
D D Frye & Co
Grant Deed
$180,000 · Guarantee Mortgage
Dec 3, 2002
$180,000
D D Frye & Co
Schofield,donald W & Hal S
Grant Deed
$180,000 · Provident Savings Bank
—
—
Gary L Payne
—
Deed Of Trust
related
$225,000 · American Brokers Conduit
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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