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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Flex space
275 Outerbelt St Columbus, OH 43213-1529
Entity Owned
5-yr Hold
Property ID
US66-6204834
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Total area
12,492 SF
Lot
1.37 ac (59,677 SF)
APN
520-249216
UPID
US66-6204834
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
-
Epalign, Ltd Industrial Manufacturer Production Facility
-
RoboVent Factory Industrial Manufacturer
-
JANZ Medical Supply Production Facility
-
JANZ Corporation Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.15M
Owner & transaction history
The Janz Corporation · 5 yrs held
The Janz Corporation
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.8M
+76.1%
Office building
$1.7M
+66.2%
Medical building
$1.7M
+64.1%
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
$1,095,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,030,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,810,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$1,710,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$1,685,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,350,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$1,330,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.20M (Apr 1 2021)
Last sale anchor
$1.20M
Apr 1 2021
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
$92 / 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
$29,842
Tax year 2023
Assessed value
$418,990
Assessed 2023
Previous assessed
$420,000
-0.2% YoY
Effective rate
7.12%
On assessed value
Assessed land
$57,540
Assessed improvement
$361,450
Land market value
$164,400
Improvement market value
$1,032,700
Total market value
$1,197,100
Applied tax rate
520.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2000
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
12,492 SF
Lot
1.37 ac (59,677 SF)
APN
520-249216
UPID
US66-6204834
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
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
2000
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
The Janz Corporation
Entity
Mailing address
6950 AMERICANA PKWY STE F, REYNOLDSBURG, OH 43068-4127
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
$1,200,000
The Janz Corporation
Chelmsford Properties LLC
Warranty Deed
$900,000 · Jpmorgan Chase Bank NA
Feb 27, 2018
$625,300
Chelmsford Properties LLC
Reid Properties LLC
Warranty Deed
—
Aug 11, 2011
$525,000
Reid Properties LLC
New Par
Warranty Deed
$420,000 · Citizens Federal Bank Fsb
Oct 23, 2003
—
Par New
Cellco Partnership
Grant Deed
related
—
Jul 23, 2003
$585,000
Cellco Partnership
Ohio Pcs LLC
Grant Deed
—
Sep 17, 2001
$585,000
Ohio Pcs LLC
Deroberts,richard A
Grant Deed
—
—
—
Reid Properties LLC
—
Deed Of Trust
related
$637,500 · Citizens Federal Bank Fsb
—
—
Reid Properties LLC
—
Deed Of Trust
related
$637,500 · Citizens Federal Bank Fsb
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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