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Property profile & analytics
FOR LEASE
Distribution centers
3051 Creekside Pkwy Lockbourne, OH 43137
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-1787867
For Lease
1 / 2
$1,495,000
3051 Creekside Pkwy, Lockbourne, OH 43137
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Total area
737,054 SF
Lot
37.15 ac (1,618,341 SF)
APN
152-001850
UPID
US66-1787867
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
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$1.50M
Owner & transaction history
Wpt Creekside Parkway LP · 13 yrs held
Wpt Creekside Parkway LP
since 2013
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 Lockbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lockbourne 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
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±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
$2 / 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
$774,271
Tax year 2023
Assessed value
$12,183,050
Assessed 2023
Previous assessed
$10,815,850
+12.6% YoY
Effective rate
6.36%
On assessed value
Assessed land
$1,300,320
Assessed improvement
$10,882,730
Land market value
$3,715,200
Improvement market value
$31,093,500
Total market value
$34,808,700
Applied tax rate
152.0000
Comparables
2 recent transactions · within 1.5 miComparable in this city
2 recent transactions
Comparable in this City
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2006
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
737,054 SF
Lot
37.15 ac (1,618,341 SF)
APN
152-001850
UPID
US66-1787867
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
2006
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
37.15 ac
Current owner
From public records · entity-resolved
Wpt Creekside Parkway LP
Entity
Mailing address
PO BOX 2980, CHICAGO, IL 60690-2980
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2021
—
Wpt Creekside Parkway LP
—
Deed
related
$100,000 · Bank Of America NA
Jan 30, 2013
$24,500,000
Wpt Creekside Parkway LP
Ktr Ohio LLC
Grant Deed
$60,000,000 · Miscellaneous Ins Co
Nov 30, 2011
$18,500,000
Ktr Ohio LLC
Allianz Life Ins Co/n America
Grant Deed
$246,000,000 · Miscellaneous Ins Co
Oct 31, 2006
$29,885,300
Allianz Life Ins Co Of North Amer
Pizzuti Of Creekside Xii LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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