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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Office buildings
2828 Johnstown Rd Columbus, OH 43219-2322
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2352251
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Total area
8,755 SF
Lot
1.52 ac (66,255 SF)
Zoning code
2830
APN
190-003152
UPID
US66-2352251
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
$2.24M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
Rnw Cleveland LLC · 5 yrs held
Rnw Cleveland LLC
since 2021
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
2830 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+59.8%
Commercial (general)
$1.6M
+29.3%
Auto repair, garage
$1.4M
+11.1%
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
$2,515,000
ML approach
$2,235,000
CAP Approach
CAP Return
Estimation
6%
$1,800,000
6.5%
$1,660,000
7%
$1,540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,250,000
Current use
RESTAURANT
$1,995,000
Change: +60% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,615,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,390,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,270,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $2.00M (Jun 30 2021)
Last sale anchor
$2.00M
Jun 30 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
$238 / 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
$28,529
Tax year 2023
Assessed value
$274,610
Assessed 2023
Previous assessed
$260,650
+5.4% YoY
Effective rate
10.39%
On assessed value
Assessed land
$65,870
Assessed improvement
$208,740
Land market value
$188,200
Improvement market value
$596,400
Total market value
$784,600
Applied tax rate
190.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1972
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
8,755 SF
Lot
1.52 ac (66,255 SF)
Zoning code
2830
APN
190-003152
UPID
US66-2352251
Jurisdiction
FRANKLIN
Zoning & alternative use
2830 · Columbus, OH
Zoning 2830 · permitted uses
2830 · 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
OFFICE BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1972
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.52 ac
Current owner
From public records · entity-resolved
Rnw Cleveland LLC
Entity
Mailing address
11327 REEDER RD, DALLAS, TX 75229-3408
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
—
Raw Cleveland LLC
—
Deed
related
$2,000,000 · Floripa LP
Jun 30, 2021
$2,000,000
Rnw Cleveland LLC
Johnstown Property Owner LLC
Warranty Deed
$2,000,000 · Westem Grantor Trust
Dec 4, 2020
—
Johnstown Property Owner LLC
Savvy Way LLC
Limited Warranty Deed
$700,000 · Savvy Way LLC
Aug 12, 2019
—
Savvy Way LLC
Wep I Family LP
Quit Claim Deed
related
—
—
—
Wep I Family LP
—
Deed Of Trust
related
$625,000 · Parker Wayne & Aileen Tr (pt)
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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