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Property profile & analytics
OFF-MARKET
Estimated value
$53,335,000
Retail residential properties
2855 Olentangy Riv Rd 2945 Columbus, OH 43202-1510
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1896624
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2019
Construction
WOOD
Total area
683,524 SF
Lot
12.34 ac (537,661 SF)
Zoning code
2937
APN
010-103163
UPID
US66-1896624
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$55.85M
Blend (final)
Blend
$53.34M
Owner & transaction history
Prospect Wango Borrower LLC · 1 yrs held
Prospect Wango Borrower LLC
since 2025
7 recorded transactions
Zoning & alternative use
2937 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$73.9M
+11.3%
Retail stores
$73.4M
+10.6%
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
COMMERCIAL (GENERAL)
$66,355,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$73,875,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$73,365,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$53.34M
Range $48.00M – $58.67M · ±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
$78 / 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
$1,693,335
Tax year 2023
Assessed value
$23,181,100
Assessed 2023
Previous assessed
$22,768,100
+1.8% YoY
Effective rate
7.30%
On assessed value
Assessed land
$1,548,720
Assessed improvement
$21,632,380
Land market value
$4,424,900
Improvement market value
$61,806,800
Total market value
$66,231,700
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
6
Total area
683,524 SF
Lot
12.34 ac (537,661 SF)
Zoning code
2937
APN
010-103163
UPID
US66-1896624
Jurisdiction
FRANKLIN
Zoning & alternative use
2937 · Columbus, OH
Zoning 2937 · permitted uses
2937 · 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
COMMERCIAL (GENERAL) Current
Est. value
$66.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$73.9M
RETAIL STORES
Est. value
$73.4M
COMMERCIAL (GENERAL) Current
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
2019
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
6
Buildings
3
Lot
12.34 ac
Current owner
From public records · entity-resolved
Prospect Wango Borrower LLC
Entity
Free & Clear · 1 yrs held
Mailing address
10 N HIGH ST STE #401, COLUMBUS, OH 43215-3497
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
—
Prospect Wango Borrower LLC
City Of Columbus
Quitclaim Deed
related
—
Jan 24, 2024
—
Prospect Wango Borrower LLC
Prospect Wango LLC
Intrafamily Transfer
related
$1,000,000 · Argentic Real Estate Investment 2 L
Nov 30, 2022
—
Prospect Wango LLC
City Of Columbus
Quit Claim Deed
related
—
Dec 18, 2019
—
Wango Of Oz Fund LLC
—
Grant Deed
related
$67,500,000 · Us Bk
Mar 16, 2018
—
City Of Columbus
Prospect Wango LLC
Warranty Deed
—
Jan 9, 2006
—
Prospect Wango LLC
Cardinal Title Holding
Quit Claim Deed
related
—
Nov 16, 2005
—
Prospect Wango LLC
City Of Columbus
Quit Claim Deed
related
—
May 3, 2000
$7,300,000
Prospect Wango LLC
University City (oh)
Grant Deed
$5,840,000 · National City Bank
—
—
Jap Guru LLC
—
Deed Of Trust
related
$500,000 · Peoples Bank & Trust
—
—
Rco Ltd
—
Deed Of Trust
related
$1,200,000 · Timothy F Mccarthy
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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