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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Showrooms
3055 State St Columbus, IN 47201-7453
Entity Owned
8-yr Hold
Free & Clear
Property ID
US31-1371629
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1983
Construction
WOOD
Total area
6,000 SF
Lot
4.92 ac (214,402 SF)
APN
03-96-29-340-001.000-005
UPID
US31-1371629
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
-
South Central Company Big Box & Wholesale Store Building Supply
-
Selectric Signs Telecommunications Service Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$515k
Owner & transaction history
Berkheimer Properties LLC · 8 yrs held
Berkheimer Properties LLC
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$495,000
+59.5%
Retail stores
$465,000
+49.4%
Medical building
$395,000
+26.2%
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
$355,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$310,000
Current use
RESTAURANT
$495,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$465,000
Change: +49% · Conversion: Easy
MEDICAL BUILDING
$395,000
Change: +26% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$385,000
Change: +23% · Conversion: Moderate
AUTO REPAIR, GARAGE
$375,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$86 / 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
$40,450
Tax year 2023
Assessed value
$1,544,900
Assessed 2023
Previous assessed
$1,544,900
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$407,400
Assessed improvement
$1,137,500
Land market value
$407,400
Improvement market value
$1,137,500
Total market value
$1,544,900
Applied tax rate
5.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
6,000 SF
Lot
4.92 ac (214,402 SF)
APN
03-96-29-340-001.000-005
UPID
US31-1371629
Jurisdiction
BARTHOLOMEW
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
$310,000
RESTAURANT
Est. value
$495,000
RETAIL STORES
Est. value
$465,000
MEDICAL BUILDING
Est. value
$395,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$375,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1983
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
4.92 ac
Current owner
From public records · entity-resolved
Berkheimer Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
6000 SOUTHPORT RD, PORTAGE, IN 46368-6405
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2017
—
Berkheimer Properties LLC
Jwj Ventures LLC
Warranty 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.
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