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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Strip malls
2971 High St 2977 Columbus, OH 43202-1103
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2531274
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
WOOD
Total area
9,281 SF
Lot
1.16 ac (50,486 SF)
APN
010-017374
UPID
US66-2531274
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
-
Combustion Brewery & Taproom (Clintonville) Production Facility Brewery & Distillery
-
Smoke-Stock LLC Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Npa Commercial Property LLC · 3 yrs held
Npa Commercial Property LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+46.7%
Apartment house (5+ units)
$1.3M
+34.1%
Office building
$1.3M
+32.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,005,000
Current use
AUTO REPAIR, GARAGE
$1,470,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,345,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$1,325,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$1,255,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$995,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$900,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$123 / 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
$40,214
Tax year 2023
Assessed value
$550,520
Assessed 2023
Previous assessed
$464,870
+18.4% YoY
Effective rate
7.30%
On assessed value
Assessed land
$265,060
Assessed improvement
$285,460
Land market value
$757,300
Improvement market value
$815,600
Total market value
$1,572,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
9,281 SF
Lot
1.16 ac (50,486 SF)
APN
010-017374
UPID
US66-2531274
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$900,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Npa Commercial Property LLC
Entity
Mailing address
12453 MONKEY HOLW RD, SUNBURY, OH 43074-9408
Ownership since
2022
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
Nov 2, 2022
—
Npa Commercial Property LLC
Northwest Property Management LLC
Warranty Deed
—
Oct 28, 2022
—
Northwest Property Management LLC
Npa Housing Property LLC
Warranty Deed
—
Oct 4, 2012
$955,000
Npa Housing Property LLC
Ward Investment Group INC
Warranty Deed
—
—
—
Ward Investment Group INC
—
Deed Of Trust
related
$100,000 · Fahey Banking Co
—
—
Ward Investment Group INC
—
Deed Of Trust
related
$500,000 · Fahey Banking Co
—
—
Ward & Werner INC
—
Deed Of Trust
related
$650,000 · Fahey Banking Co
—
—
Ward & Werner INC
—
Deed Of Trust
related
$575,000 · Bank One NA
—
—
Ward Investment Group INC
—
Deed Of Trust
related
$732,000 · Fahey Banking Co
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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