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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Retail space
28 Hamilton Rd Whitehall, OH 43213-2013
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-0885402
Property summary
AI-generated overview
Exceptional investment opportunity in Columbus, Ohio. This 20,520-square-foot industrial property, situated at 28 S Hamilton Rd, 43213, offers a compelling 7.40% cap rate and a strong NOI of $136,889. The property features two units, each priced at $925,000, totaling an asking price of $1,850,000 ($90.16/sq ft). Built in 1950, this single-story building boasts 12-foot ceilings, three loading docks, and sixteen dock-high doors, ideal for warehouse and flex space operations. The property is zoned for Community Crossroads District use. The building includes 53 parking spaces. All utilities, including water and snow removal, are paid by the tenant
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
20,520 SF
Lot
1.91 ac (83,156 SF)
APN
090-001054
UPID
US66-0885402
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.35M
Owner & transaction history
Saucedo Investments LLC · 5 yrs held
Saucedo Investments LLC
since 2020
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+1.5%
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 Whitehall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitehall 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
$1,330,000
ML approach
$1,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,185,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,220,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,990,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.38M (Aug 27 2020)
Last sale anchor
$1.38M
Aug 27 2020
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
$66 / 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
$28,212
Tax year 2023
Assessed value
$376,530
Assessed 2023
Previous assessed
$273,360
+37.7% YoY
Effective rate
7.49%
On assessed value
Assessed land
$267,190
Assessed improvement
$109,340
Land market value
$763,400
Improvement market value
$312,400
Total market value
$1,075,800
Applied tax rate
90.0000
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
1950
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
20,520 SF
Lot
1.91 ac (83,156 SF)
APN
090-001054
UPID
US66-0885402
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
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES Current
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
1950
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Saucedo Investments LLC
Entity
Mailing address
2175 MORSE RD, COLUMBUS, OH 43229-5800
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2020
$1,377,500
Saucedo Investments LLC
Dimche Kostreski
Warranty Deed
$1,000,000 · Dimche & Gorda Kostrevski
Oct 3, 2016
—
Dimche Kostreski
—
Deed
related
$350,000 · Telhio Cu
Dec 8, 2008
$18,981
American Tax Funding LLC
Treasurer Of Franklin County
Tax Deed
related
—
—
—
Dimche Kostrevski
—
Deed Of Trust
related
$160,000 · First Bexley Bank
—
—
Dimche Kostrevski
—
Deed Of Trust
related
$82,171 · First Bexley Bank
—
—
Dimche Kostreski
—
Deed Of Trust
related
$350,000 · Telhio Cu
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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