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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Warehouses
3310 Morse Rd 3318 Columbus, OH 43231-6191
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2008431
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1975
Construction
WOOD
Total area
5,100 SF
Lot
1.54 ac (67,300 SF)
Zoning code
3310
APN
115-158427
UPID
US66-2008431
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
-
Print Upp Textile Manufacturer Factory
-
Spectrum Hardware & Home Improvement HVAC Service
-
M & S Plating and Polishing Home Decor Store (Bike/Boat/Book/etc) Store
-
Castle Hi-Tech (Bike/Boat/Book/etc) Store
-
Easter Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$550k
Owner & transaction history
Js & Ms LLC · 8 yrs held
Js & Ms LLC
since 2017
4 recorded transactions
Zoning & alternative use
3310 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$810,000
+86.9%
Apartment house (5+ units)
$740,000
+70.8%
Medical building
$690,000
+59.1%
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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$435,000
Current use
AUTO REPAIR, GARAGE
$810,000
Change: +87% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$740,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$690,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$650,000
Change: +50% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$545,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$108 / 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
$19,614
Tax year 2023
Assessed value
$209,340
Assessed 2023
Previous assessed
$182,920
+14.4% YoY
Effective rate
9.37%
On assessed value
Assessed land
$131,990
Assessed improvement
$77,350
Land market value
$377,100
Improvement market value
$221,000
Total market value
$598,100
Applied tax rate
115.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
5,100 SF
Lot
1.54 ac (67,300 SF)
Zoning code
3310
APN
115-158427
UPID
US66-2008431
Jurisdiction
FRANKLIN
Zoning & alternative use
3310 · Columbus, OHZoning 3310 · permitted uses
3310 · Columbus, OH
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
WAREHOUSE, STORAGE Current
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$810,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$740,000
MEDICAL BUILDING
Est. value
$690,000
OFFICE BUILDING
Est. value
$650,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
RETAIL STORES
Est. value
$545,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE 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
1975
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.54 ac
Current owner
From public records · entity-resolved
Js & Ms LLC
Entity
Mailing address
3370 E POWELL RD, LEWIS CENTER, OH 43035-9526
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2017
—
Js & Ms LLC
Spurgeon,james & Margaret
Quit Claim Deed
related
$950,000 · Telhio Cu
Aug 12, 2002
—
Jaems A Spurgeon
—
Trustees Deed
related
$300,000 · Bank One NA
Dec 8, 1999
—
Franklin County Commissioners
Spurgeon,james A & Margaret
Grant Deed
related
—
May 1, 1997
$226,000
James A Spurgeon
Spurgeon & Mitchell
Grant Deed
related
—
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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