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Property profile & analytics
OFF-MARKET
Estimated value
$5,160,000
Investment properties
260 Market St New Albany, OH 43054-9714
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-4518422
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2013
Total area
28,110 SF
Lot
0.67 ac (29,272 SF)
APN
222-004558
UPID
US66-4518422
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
-
Maple Orthodontics Dental Office
-
Hudson 29 Kitchen + Drink Restaurant
-
Mellow Mushroom New Albany Take-out & Catering Catering Service
-
PNC Mortgage Loan Service Bank
-
Cooke Demers, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.38M
Comparable Approach
Comparable
$5.43M
Blend (final)
Blend
$5.16M
Owner & transaction history
Dna Mmi LLC · 12 yrs held
Dna Mmi LLC
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+189.6%
Auto repair, garage
$4.6M
+64.3%
Neighborhood: shopping center
$4.6M
+63.4%
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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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%
$4,745,000
6.5%
$4,380,000
7%
$4,065,000
Alternative Use
Use
Estimation
RESTAURANT
$8,170,000
Change: +190% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,635,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,610,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$4,230,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,075,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$3,865,000
Change: +37% · Conversion: Easy
RETAIL STORES
$3,515,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$5.16M
Range $4.64M – $5.68M · ±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
$184 / 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
$65,418
Tax year 2023
Assessed value
$2,490,430
Assessed 2023
Previous assessed
$2,015,970
+23.5% YoY
Effective rate
2.63%
On assessed value
Assessed land
$208,990
Assessed improvement
$2,281,440
Land market value
$597,100
Improvement market value
$6,518,400
Total market value
$7,115,500
Applied tax rate
222.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2013
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
28,110 SF
Lot
0.67 ac (29,272 SF)
APN
222-004558
UPID
US66-4518422
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
RESTAURANT
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.9M
RETAIL STORES
Est. value
$3.5M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2013
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Dna Mmi LLC
Entity
Mailing address
1533 LK SHR DR, COLUMBUS, OH 43204-3897
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Dec 27, 2019
—
Dna Mmi LLC
—
Deed
related
$4,400,000 · Webanco Bk INC
Sep 19, 2013
—
Dna Mmi LLC
New Albany Co
Trustees Deed
related
$4,400,000 · Wesbanco Bk
—
—
Dna Mmi LLC
—
Loan Modification
related
$4,400,000 · Webanco Bk 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.
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