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Property profile & analytics
OFF-MARKET
Estimated value
$8,355,000
Grocery and convenience stores
2801 High St, Columbus, OH 43202-1123
Trust Owned
29-yr Hold
Free & Clear
Property ID
US66-2155486
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1984
Total area
58,218 SF
Lot
5.04 ac (219,586 SF)
APN
010-206060
UPID
US66-2155486
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
-
Giant Eagle Prepared Foods Restaurant Take-out & Catering
-
Huntington Bank ATM Atm
-
Giant Eagle Pharmacy Pharmacy
-
Giant Eagle Supermarket Grocery & Convenience Store Food Market
-
State Liquor Agency (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.33M
Comparable Approach
Comparable
$8.19M
Blend (final)
Blend
$8.36M
Owner & transaction history
Kessler Trust · 29 yrs held
Kessler Trust
since 1997
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.3M
+112.5%
Auto repair, garage
$9.2M
+47.8%
Apartment house (5+ units)
$8.4M
+35.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,185,000
6.5%
$10,325,000
7%
$9,590,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,250,000
Current use
RESTAURANT
$13,275,000
Change: +112% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,230,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,440,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$8,310,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$7,860,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,290,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,650,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$8.36M
Range $7.52M – $9.19M · ±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
$144 / 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
$217,661
Tax year 2023
Assessed value
$2,979,690
Assessed 2023
Previous assessed
$2,345,000
+27.1% YoY
Effective rate
7.30%
On assessed value
Assessed land
$681,940
Assessed improvement
$2,297,750
Land market value
$1,948,400
Improvement market value
$6,565,000
Total market value
$8,513,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1984
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
58,218 SF
Lot
5.04 ac (219,586 SF)
APN
010-206060
UPID
US66-2155486
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
$6.3M
RESTAURANT
Est. value
$13.3M
AUTO REPAIR, GARAGE
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
OFFICE BUILDING
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$5.7M
RETAIL STORES Current
RESTAURANT
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
1984
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
5.04 ac
Current owner
From public records · entity-resolved
Kessler Trust
Trust
Free & Clear · 29 yrs held
Mailing address
140 E TOWN ST, COLUMBUS, OH 43215-5125
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 1997
$3,075,000
Kessler Trust
Olentangy Village Associates
Grant 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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