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Property profile & analytics
FOR SALE
Community centers
3530 Soldano Blvd Columbus, OH 43228
Individually Owned
3-yr Hold
Free & Clear
Property ID
US66-1396475
For Sale
1 / 26
$299,900
3530 Soldano Blvd, Columbus, OH 43228
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Property summary
AI-generated overview
Consumer Square West, located at 3530 Soldano Boulevard in Columbus, Ohio (zip code 43228), presents a compelling retail investment opportunity within Franklin County. This established shopping center offers a total of 218,206 square feet of retail space, currently featuring multiple tenants. Five spaces are immediately available, ranging from 1,575 to 3,685 square feet, with a minimum divisible space of 3,000 square feet. The maximum contiguous space available for lease is 3,685 square feet. A total of 10,285 square feet is currently vacant, providing significant potential for expansion or new tenant acquisition. The property's strategic location in Columbus offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. This is a rare opportunity to acquire a well-positioned retail space in a thriving market. The property's size and layout offer flexibility for a range of retail concepts, from smaller boutiques to larger format stores. Interested parties are encouraged to explore this opportunity to secure a prime retail location in a high-traffic area of Columbus. The property is classified as a shopping center with multiple tenancies.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Total area
57,880 SF
Lot
25.56 ac (1,113,481 SF)
Zoning code
3631
APN
010-111024
UPID
US66-1396475
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
-
City Center Childcare West Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.31M
CAP Approach
CAP
$10.06M
Comparable Approach
Comparable
$11.95M
Blend (final)
Blend
$12.16M
Owner & transaction history
State Of Ohio · 3 yrs held
State Of Ohio
since 2022
Last sale
$16.6M
6 recorded transactions
Zoning & alternative use
3631 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.2M
+111.0%
Auto repair, garage
$9.2M
+46.7%
Apartment house (5+ units)
$8.4M
+34.1%
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
$9,305,000
CAP Approach
CAP Return
Estimation
6%
$10,900,000
6.5%
$10,060,000
7%
$9,345,000
Alternative Use
Use
Estimation
RESTAURANT
$13,200,000
Change: +111% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,180,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,390,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$8,260,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$7,815,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$12.16M
Range $10.94M – $13.38M · ±10% · vs last sale $16.58M (Aug 31 2022)
Last sale anchor
$16.58M
Aug 31 2022
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
$210 / 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
$545,624
Tax year 2023
Assessed value
$4,387,600
Assessed 2023
Previous assessed
$3,979,400
+10.3% YoY
Effective rate
12.44%
On assessed value
Assessed land
$770,280
Assessed improvement
$3,617,320
Land market value
$2,200,800
Improvement market value
$10,335,200
Total market value
$12,536,000
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
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
1988
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
57,880 SF
Lot
25.56 ac (1,113,481 SF)
Zoning code
3631
APN
010-111024
UPID
US66-1396475
Jurisdiction
FRANKLIN
Zoning & alternative use
3631 · Columbus, OH
Zoning 3631 · permitted uses
3631 · 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
RESTAURANT
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
OFFICE BUILDING
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$7.8M
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1988
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
25.56 ac
Current owner
From public records · entity-resolved
State Of Ohio
Individual
Free & Clear · 3 yrs held
Mailing address
125 HALF MILE RD STE #207, RED BANK, NJ 07701-6749
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$4,337
State Of Ohio
Consumer Square LLC
Warranty Deed
—
Mar 8, 2022
$16,576,000
Consumer Square LLC
Bai Consumer Square West LLC
Limited Warranty Deed
$13,600,000 · Wilmington Trust
Mar 23, 2018
$2,666,000
Won H Choi
Bai Csw Op LLC
Grant Deed
—
Oct 31, 2016
—
Bai Consumer Square West LLC
Bai Consumer Square West LLC
Intrafamily Transfer
related
—
Aug 1, 2011
$13,300,000
Bai Consumer Square West LLC
Buffalo Broad Associates LLC
Special Warranty Deed
$10,050,000 · Citigroup Global Markets Realty Cor
May 30, 2001
—
Robert S Benderson
Rb-3 Associates
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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