New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,480,000
Office buildings
262 Neil Ave, Columbus, OH 43215-7309
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2140941
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2004
Total area
146,832 SF
Lot
0.68 ac (29,534 SF)
APN
010-269297
UPID
US66-2140941
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
-
Daniel Straka MD - Plastic Surgery Ohio Physician Medical Clinic
-
Dr. Cameron Nabavi MD - Plastic Surgery Ohio Ophthalmologist
-
Plastic Surgery Ohio - Jill A. Foster, MD Physician Medical Clinic
-
Refractive Center of Ohio Medical Clinic Hospital
-
Dr. Dominic M. Buzzacco Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.92M
Blend (final)
Blend
$15.48M
Owner & transaction history
Eye Center Realty Partners LLC · 21 yrs held
Eye Center Realty Partners LLC
since 2005
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$23.3M
+12.0%
Apartment house (5+ units)
$21.3M
+2.3%
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
$20,800,000
Current use
AUTO REPAIR, GARAGE
$23,285,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$21,285,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$19,825,000
Change: -5% · Conversion: Easy
COMMERCIAL (GENERAL)
$17,280,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$15.48M
Range $13.93M – $17.03M · ±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
$105 / 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
$449,887
Tax year 2023
Assessed value
$6,158,780
Assessed 2023
Previous assessed
$6,083,010
+1.2% YoY
Effective rate
7.30%
On assessed value
Assessed land
$413,350
Assessed improvement
$5,745,430
Land market value
$1,181,000
Improvement market value
$16,415,500
Total market value
$17,596,500
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 (MULTI-STORY)
Status
Off-Market
Year built
2004
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
5
Total area
146,832 SF
Lot
0.68 ac (29,534 SF)
APN
010-269297
UPID
US66-2140941
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
OFFICE BUILDING Current
Est. value
$20.8M
AUTO REPAIR, GARAGE
Est. value
$23.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.3M
MEDICAL BUILDING
Est. value
$19.8M
COMMERCIAL (GENERAL)
Est. value
$17.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2004
Heating
YES
Cooling
Yes
Stories
5
Buildings
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Eye Center Realty Partners LLC
Entity
Mailing address
4694 CEMETERY RD STE #373, HILLIARD, OH 43026-1124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2005
—
Eye Center Realty Partners LLC
—
Deed Of Trust
related
$15,000,000 · Miscellaneous Ins Co
—
—
Eye Center Realty Partners LLC
—
Deed Of Trust
related
$14,500,000 · Miscellaneous Ins Co
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 262 Neil Ave?
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.
