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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Retail residential properties
3219 Tremont Rd 3241 Columbus, OH 43221-2039
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US66-0982077
Property summary
AI-generated overview
This exceptional retail space, located at 3219 Tremont Rd in Upper Arlington, Ohio (zip code 43221), offers a fantastic opportunity for businesses seeking high visibility and convenient access. The property consists of three buildings, each two stories high, totaling 5,060 square feet. Currently, one 1,500 square foot unit is available for lease within this multi-tenant retail center. Built in 2008, the building features a modern design and flexible layout, ideal for a variety of retail uses. Large windows provide ample natural light, creating a welcoming atmosphere. The space benefits from a convenient location on Tremont Rd, near Northwest Blvd, in the desirable Upper Arlington submarket of Columbus, Franklin County. The property is zoned for retail use (APN: 070-009354-00) and includes a valuable amenity: an attached outdoor patio area. This property presents a unique chance to establish or expand a business in a thriving Upper Arlington community. The open floor plan offers considerable adaptability for various business needs. Don't miss this chance to secure a prime retail space in a high-traffic area.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2007
Total area
5,060 SF
Lot
0.73 ac (31,799 SF)
APN
070-009354
UPID
US66-0982077
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
-
Attelé Bridal Boutique (By Appointment Only) Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$910k
Blend (final)
Blend
$685k
Owner & transaction history
Pnc Bk National Assn · 15 yrs held
Pnc Bk National Assn
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$800,000
+63.4%
Apartment house (5+ units)
$735,000
+49.3%
Office building
$720,000
+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
$440,000
CAP Approach
CAP Return
Estimation
6%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$490,000
Current use
AUTO REPAIR, GARAGE
$800,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$735,000
Change: +49% · Conversion: Moderate
OFFICE BUILDING
$720,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$685,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$545,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$135 / 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
$75,711
Tax year 2023
Assessed value
$939,650
Assessed 2023
Previous assessed
$646,810
+45.3% YoY
Effective rate
8.06%
On assessed value
Assessed land
$196,670
Assessed improvement
$742,980
Land market value
$561,900
Improvement market value
$2,122,800
Total market value
$2,684,700
Applied tax rate
70.0000
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
2007
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,060 SF
Lot
0.73 ac (31,799 SF)
APN
070-009354
UPID
US66-0982077
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
$490,000
AUTO REPAIR, GARAGE
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$735,000
OFFICE BUILDING
Est. value
$720,000
MEDICAL BUILDING
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$545,000
RETAIL STORES
Est. value
$545,000
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
2007
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Pnc Bk National Assn
Individual
Mailing address
4242 TULLER RD, DUBLIN, OH 43017-5108
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2014
—
Srep Tremont Associates LLC
—
Deed Of Trust
related
$2,325,000 · Miscellaneous Ins Co
Nov 18, 2011
—
Srep Tremont Associates LLC
—
Deed Of Trust
related
$2,400,000 · Advantage Bk
Sep 23, 2010
$1,200,000
Pnc Bk National Assn
Sheriff Of Franklin County
Trustees Deed
related
—
Apr 4, 2008
—
Arlington Town Center II Ltd
—
Trustees Deed
related
$227,694 · National Cty Bk/nw
Jan 19, 2006
$450,000
Arlington Town Center II Ltd
Wiltberger Barbara J
Grant Deed
$810,000 · National Cty Bk/nw
—
—
Arlington Town Center II Ltd
—
Deed Of Trust
related
$3,157,000 · National Cty Bk/nw
—
—
Arlington Town Center II Ltd
—
Deed Of Trust
related
$504,720 · National Cty Bk/nw
—
—
Wiltberger Trust
—
Deed Of Trust
related
$102,000 · Fifth Third Mortgage Co
—
—
Wiltberger,tr
—
Deed Of Trust
related
$65,000 · Fifth Third Bank Central Ohio
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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