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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Retail residential properties
3033-3035 Indianola Ave Columbus, OH 43202
Entity Owned
12-yr Hold
Free & Clear
Property ID
US66-0797789
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1949
Construction
WOOD
Total area
5,760 SF
Lot
0.16 ac (6,926 SF)
APN
010-078490
UPID
US66-0797789
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
$612k
Blend (final)
Blend
$570k
Owner & transaction history
Wheeler Investments LLC · 12 yrs held
Wheeler Investments LLC
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$915,000
+63.4%
Apartment house (5+ units)
$835,000
+49.3%
Office building
$820,000
+47.0%
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)
$560,000
Current use
AUTO REPAIR, GARAGE
$915,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$835,000
Change: +49% · Conversion: Moderate
OFFICE BUILDING
$820,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$780,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$99 / 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
$10,056
Tax year 2023
Assessed value
$137,660
Assessed 2023
Previous assessed
$140,880
-2.3% YoY
Effective rate
7.30%
On assessed value
Assessed land
$28,670
Assessed improvement
$108,990
Land market value
$81,900
Improvement market value
$311,400
Total market value
$393,300
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
1949
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
5,760 SF
Lot
0.16 ac (6,926 SF)
APN
010-078490
UPID
US66-0797789
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
COMMERCIAL (GENERAL) Current
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$915,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$835,000
OFFICE BUILDING
Est. value
$820,000
MEDICAL BUILDING
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
RETAIL STORES
Est. value
$620,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1949
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Wheeler Investments LLC
Entity
Free & Clear · 12 yrs held
Mailing address
3886 N HIGH ST, COLUMBUS, OH 43214-3334
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2018
—
Wheeler Investments LLC
—
Grant Deed
related
$2,250,000 · Lcnb Nat'l Bk
Dec 20, 2013
$125,000
Wheeler Investments LLC
Ashram Holdings LLC
Warranty Deed
—
Nov 1, 2007
$220,000
Ashram Holdings LLC
Belle Glade
Warranty Deed
$160,000 · Huntington National 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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