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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Office buildings
2999 Dublin Granville Rd, Columbus, OH 43231-4030
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-0909863
Property summary
AI-generated overview
This exceptional three-story office building, situated at 2999 E Dublin Granville Rd, Columbus, OH 43231, presents a compelling investment opportunity. Boasting 24,012 square feet of leasable space, this Class B property offers a strong 9.14% capitalization rate and a healthy 93.6% occupancy rate, generating a net operating income (NOI) of $102,238. Built in 1974 and renovated in 1988, the building features 22 tenant suites, each designed as a small office layout, providing value to tenants. The property sits on a 1.084-acre lot and includes ample parking with a ratio of 85 spaces for approximately 4 per 1000 square feet. Its strategic location on SR-161 provides immediate access to I-270, ensuring excellent visibility and convenient access for tenants and visitors. The building benefits from a recently replaced roof (2023) and short-term lease structures, offering flexibility for the new owner. The asking price is $1,395,000, translating to $58.10 per square foot. This property is an ideal investment for those seeking a strong return in a thriving Columbus market.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1970
Total area
24,012 SF
Lot
1.06 ac (46,261 SF)
APN
113-000098
UPID
US66-0909863
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
-
5 Star Transportation Services, LLC Handicapped Transportation Service
-
TWP Driving Academy Training Center Vocational School
-
Malhotra & Assoc. Insurance – Columbus Insurance Agency
-
Farmers Insurance Insurance Agency
-
Studio 161 Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.04M
Owner & transaction history
Cordoba Falcon LLC · 8 yrs held
Cordoba Falcon LLC
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$43 / 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
$25,405
Tax year 2023
Assessed value
$324,350
Assessed 2023
Previous assessed
$270,770
+19.8% YoY
Effective rate
7.83%
On assessed value
Assessed land
$96,360
Assessed improvement
$227,990
Land market value
$275,300
Improvement market value
$651,400
Total market value
$926,700
Applied tax rate
113.0000
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 (MULTI-STORY)
Status
Off-Market
Year built
1970
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
24,012 SF
Lot
1.06 ac (46,261 SF)
APN
113-000098
UPID
US66-0909863
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
Building & site characteristics
From public records
Year built
1970
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Cordoba Falcon LLC
Entity
Mailing address
99 CORBETT WAY STE #202, EATONTOWN, NJ 07724-4250
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2018
$685,000
Cordoba Falcon LLC
Femstone Holdings LLC
Limited Warranty Deed
$513,750 · Liberty National Bank
May 27, 2004
—
Gemstone Holdings LLC
Sprinkle,tr
Grant Deed
related
—
Aug 7, 2003
$962,500
Sprinkel,tr
2999 Partners
Grant Deed
$570,550 · Unizan Bank NA
—
—
2999 Partners
—
Deed Of Trust
related
$75,000 · National City Bank
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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