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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Retail space
2655 Courtright Rd Columbus, OH 43232-4838
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-2497429
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Total area
8,280 SF
Lot
3.06 ac (133,424 SF)
APN
010-015044
UPID
US66-2497429
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
-
Klosterman Baking Company Fresh Distribution and Bakery Outlet- Columbus Bakery Production Facility
-
Kitchen furniture store Kitchen & Bath Showroom Furniture & Home Goods
-
COLUMBUS THRIFT BAKERY Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$950k
Owner & transaction history
Broadstone Kbc Portofolio LLC · 3 yrs held
Broadstone Kbc Portofolio LLC
since 2022
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+47.8%
Apartment house (5+ units)
$1.2M
+35.1%
Office building
$1.2M
+33.0%
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
$900,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$890,000
Current use
AUTO REPAIR, GARAGE
$1,315,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,200,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,180,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$1,120,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$805,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $1.00M (Jul 20 2022)
Last sale anchor
$1.00M
Jul 20 2022
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
$115 / 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
$23,489
Tax year 2023
Assessed value
$321,550
Assessed 2023
Previous assessed
$154,350
+108.3% YoY
Effective rate
7.30%
On assessed value
Assessed land
$119,670
Assessed improvement
$201,880
Land market value
$341,900
Improvement market value
$576,800
Total market value
$918,700
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1991
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
8,280 SF
Lot
3.06 ac (133,424 SF)
APN
010-015044
UPID
US66-2497429
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
RETAIL STORES Current
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$805,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Broadstone Kbc Portofolio LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4760 PADDOCK RD, CINCINNATI, OH 45229-1047
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
$1,000,000
Broadstone Kbc Portofolio LLC
Kenneth F Klosterman SR.
Limited Warranty Deed
—
Jun 22, 2018
—
Klosterman,judith L Trust
Klosterman Judith L Trust
Quit Claim Deed
related
—
Feb 15, 2013
—
Klosterman Judith L Trust
Klosterman,kenneth F SR
Quit Claim Deed
—
Dec 21, 2006
—
Houdini Properties LLC
Klosterman,kenneth & Judith L
Warranty Deed
—
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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