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Property profile & analytics
OFF-MARKET
Estimated value
$3,930,000
Retail residential properties
260 4th St Columbus, OH 43215-5256
Trust Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-0894377
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1911
Construction
WOOD
Total area
27,000 SF
Lot
0.13 ac (5,532 SF)
APN
010-049245
UPID
US66-0894377
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
-
Stoddart Studio Apartments Apartment Building
-
MicroLiving Lofts Apartment Building
-
Central Ohio Fire Museum, llc Historical Place Museum Non-Profit Organization
-
Engine House Bar & Pub
-
Hadley's Bar + Kitchen Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$3.93M
Owner & transaction history
Equity Trust Co · 2 yrs held
Equity Trust Co
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+93.8%
Auto repair, garage
$4.3M
+34.7%
Apartment house (5+ units)
$3.9M
+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%
$5,165,000
6.5%
$4,765,000
7%
$4,425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,180,000
Current use
RESTAURANT
$6,155,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,280,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,915,000
Change: +23% · Conversion: Moderate
OFFICE BUILDING
$3,825,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$3,645,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,920,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$2,900,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$3.93M
Range $3.54M – $4.32M · ±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
$33,598
Tax year 2023
Assessed value
$1,450,930
Assessed 2023
Previous assessed
$885,500
+63.9% YoY
Effective rate
2.32%
On assessed value
Assessed land
$75,600
Assessed improvement
$1,375,330
Land market value
$216,000
Improvement market value
$3,929,500
Total market value
$4,145,500
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1911
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
5
Total area
27,000 SF
Lot
0.13 ac (5,532 SF)
APN
010-049245
UPID
US66-0894377
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
$3.2M
RESTAURANT
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
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
1911
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
5
Buildings
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Equity Trust Co
Trust
Free & Clear · 2 yrs held
Mailing address
577 W NATIONWIDE BLVD #600, COLUMBUS, OH 43215-2339
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 3, 2024
$40,000
Equity Trust Co
United Clover Properties II LLC
Warranty Deed
—
Dec 3, 2018
—
Stoddart Block LP
—
Grant Deed
related
$5,800,000 · Tristate Cap Bk
—
—
Stoddart Block LP
—
Deed Of Trust
related
$871,098 · Dfl Investing LLC
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
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