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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Investment properties
3365-3369 Indianola Ave Columbus, OH 43214
Entity Owned
19-yr Hold
Property ID
US66-2002841
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1929
Construction
WOOD
Total area
7,363 SF
Lot
0.29 ac (12,415 SF)
APN
010-035225
UPID
US66-2002841
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
$1.30M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.14M
Owner & transaction history
Klatt Properties IV LLC · 19 yrs held
Klatt Properties IV LLC
since 2006
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+152.4%
Restaurant
$1.7M
+134.9%
Auto repair, garage
$1.2M
+63.4%
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%
$1,410,000
6.5%
$1,300,000
7%
$1,205,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$715,000
Current use
OFFICE BUILDING
$1,805,000
Change: +152% · Conversion: Easy
RESTAURANT
$1,680,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,170,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,065,000
Change: +49% · Conversion: Moderate
MEDICAL BUILDING
$995,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$154 / 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
$16,212
Tax year 2023
Assessed value
$221,940
Assessed 2023
Previous assessed
$168,010
+32.1% YoY
Effective rate
7.30%
On assessed value
Assessed land
$39,200
Assessed improvement
$182,740
Land market value
$112,000
Improvement market value
$522,100
Total market value
$634,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1929
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
1
Stories
2
Total area
7,363 SF
Lot
0.29 ac (12,415 SF)
APN
010-035225
UPID
US66-2002841
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
$715,000
OFFICE BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
RETAIL STORES
Est. value
$790,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1929
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Klatt Properties IV LLC
Entity
Mailing address
119 OAKLAND PARK AVE, COLUMBUS, OH 43214-4149
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2006
—
Klatt Properties IV LLC
Klatt,robert G & Jennifer L
Quit Claim Deed
related
—
Jun 1, 2000
—
Robert G Klatt
Klatt,werner G
Quit Claim Deed
related
$300,000 · Seller
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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