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Property profile & analytics
OFF-MARKET
Estimated value
$9,925,000
Community centers
3418 Cleveland Ave 3510 Columbus, OH 43224-2907
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1464651
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1962
Total area
108,708 SF
Lot
11.84 ac (515,881 SF)
Zoning code
3518
APN
130-001918
UPID
US66-1464651
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
by Request
Comparable Approach
Comparable
$12.11M
Blend (final)
Blend
$9.93M
Owner & transaction history
Franklin County Commissioners · 2 yrs held
Franklin County Commissioners
since 2024
2 recorded transactions
Zoning & alternative use
3518 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.8M
+34.1%
Office building
$15.5M
+32.1%
Medical building
$14.7M
+24.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,750,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,760,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$15,515,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$14,680,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,555,000
Change: -10% · Conversion: Easy
RETAIL STORES
$9,500,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$9.93M
Range $8.93M – $10.92M · ±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
$91 / 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
$170,422
Tax year 2023
Assessed value
$1,830,150
Assessed 2023
Previous assessed
$1,830,150
+0.0% YoY
Effective rate
9.31%
On assessed value
Assessed land
$583,310
Assessed improvement
$1,246,840
Land market value
$1,666,600
Improvement market value
$3,562,400
Total market value
$5,229,000
Applied tax rate
130.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1962
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
2
Total area
108,708 SF
Lot
11.84 ac (515,881 SF)
Zoning code
3518
APN
130-001918
UPID
US66-1464651
Jurisdiction
FRANKLIN
Zoning & alternative use
3518 · Columbus, OH
Zoning 3518 · permitted uses
3518 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$11.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.8M
OFFICE BUILDING
Est. value
$15.5M
MEDICAL BUILDING
Est. value
$14.7M
COMMERCIAL (GENERAL)
Est. value
$10.6M
RETAIL STORES
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1962
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Lot
11.84 ac
Current owner
From public records · entity-resolved
Franklin County Commissioners
Entity
Free & Clear · 2 yrs held
Ownership since
2024
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
Mar 13, 2024
—
Franklin County Commissioners
Amos Shopping Center Company
Warranty Deed
—
Aug 11, 2023
—
Amos Shopping Center Company
—
Deed
related
$1,000,000 · Forcht Bank NA
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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