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Property profile & analytics
OFF-MARKET
Estimated value
$7,040,000
Warehouses
2747 Westbelt Dr 2763 Columbus, OH 43228-3861
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1506165
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
68,100 SF
Lot
10.15 ac (442,134 SF)
Zoning code
2725
APN
560-181274
UPID
US66-1506165
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
-
Sadoun Satellite Sales Electronics & Wireless Store
-
Keystone Marble and Granite Kitchen & Bath Showroom Hardware & Home Improvement
-
Edison Equipment Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.06M
Blend (final)
Blend
$7.04M
Owner & transaction history
G & I Ix Westbelt LLC · 9 yrs held
G & I Ix Westbelt LLC
since 2017
7 recorded transactions
Zoning & alternative use
2725 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.8M
+97.2%
Apartment house (5+ units)
$9.9M
+80.3%
Office building
$9.7M
+77.5%
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
WAREHOUSE, STORAGE
$5,475,000
Current use
AUTO REPAIR, GARAGE
$10,800,000
Change: +97% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,870,000
Change: +80% · Conversion: Difficult
OFFICE BUILDING
$9,720,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$9,195,000
Change: +68% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,360,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$7,135,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$7.04M
Range $6.34M – $7.74M · ±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
$103 / 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
$179,385
Tax year 2023
Assessed value
$2,475,240
Assessed 2023
Previous assessed
$2,190,100
+13.0% YoY
Effective rate
7.25%
On assessed value
Assessed land
$303,170
Assessed improvement
$2,172,070
Land market value
$866,200
Improvement market value
$6,205,900
Total market value
$7,072,100
Applied tax rate
560.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
68,100 SF
Lot
10.15 ac (442,134 SF)
Zoning code
2725
APN
560-181274
UPID
US66-1506165
Jurisdiction
FRANKLIN
Zoning & alternative use
2725 · Columbus, OH
Zoning 2725 · permitted uses
2725 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$10.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.9M
OFFICE BUILDING
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
RETAIL STORES
Est. value
$7.1M
WAREHOUSE, STORAGE Current
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
1979
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
10.15 ac
Current owner
From public records · entity-resolved
G & I Ix Westbelt LLC
Entity
Mailing address
220 E 42ND ST FL, NEW YORK, NY 10017-5835
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
—
G&i Ix Westbelt LLC
—
Deed
related
$100,000 · Morgan Stanley Bank NA
Jul 1, 2021
—
G&i Ix Westbelt LLC
—
Deed
related
$635,000,000 · Royal Bank Of Canada
Jul 18, 2018
—
G & I Ix Westbelt LLC
—
Grant Deed
related
$45,514,298 · Royal Bk/canada
Jan 27, 2017
$5,438,500
G & I Ix Westbelt LLC
Cabot II-oh1w06-w07 LLC
Grant Deed
related
$738,530,000 · Royal Bk/canada
Jun 29, 2007
$3,600,000
Cabot II-oh1w06-w07 LLC
Prologis
Grant Deed
—
Jan 16, 1998
$3,100,000
Security Capital Industrial
Westbelt LP
Grant Deed
related
—
—
—
Cabot II-oh1w06-w07 LLC
—
Deed Of Trust
related
$72,000,000 · New York Life Insurance
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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