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Property profile & analytics
OFF-MARKET
Estimated value
$8,485,000
Industrial land
375 5th Ave Columbus, OH 43201-2819
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2497254
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1934
Total area
270,999 SF
Lot
3.87 ac (168,708 SF)
APN
010-022758
UPID
US66-2497254
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
-
Clark Grave Vault Co Industrial Manufacturer Production Facility
-
Ctl Steel Co General Contractor
-
GutterShutter of Columbus Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.37M
Blend (final)
Blend
$8.49M
Owner & transaction history
City Of Columbus · 3 yrs held
City Of Columbus
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$8.49M
Range $7.64M – $9.33M · ±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
$31 / 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
$11,958
Tax year 2023
Assessed value
$163,700
Assessed 2023
Previous assessed
$91,350
+79.2% YoY
Effective rate
7.30%
On assessed value
Assessed land
$163,700
Land market value
$467,700
Total market value
$467,700
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1934
Heating
NONE
Cooling
CENTRAL
Total area
270,999 SF
Lot
3.87 ac (168,708 SF)
APN
010-022758
UPID
US66-2497254
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
Building & site characteristics
From public records
Year built
1934
Heating
NONE
Cooling
Yes
Lot
3.87 ac
Current owner
From public records · entity-resolved
City Of Columbus
Entity
Mailing address
369 E LIVINGSTON AVE, COLUMBUS, OH 43215-5531
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
Sep 1, 2022
—
City Of Columbus
Lusso 1 Partners LLC
Warranty Deed
—
Jul 26, 2022
—
Lusso 1 Partners LLC
Cgv LLC
Limited Warranty Deed
$49,730,000 · First Commonwealth Bank
Apr 27, 2021
—
Cgv LLC
The Clark Grave Vault Company
Warranty Deed
$4,374,000 · Heartland Bank
Mar 6, 2017
—
Clark Grave Vault Co
—
Grant Deed
related
$4,814,000 · Associated Bk NA
Mar 16, 2012
—
City Of Columbus Ohio
Clark Grave Vault Co
Warranty Deed
—
—
—
Clark Grave Vault Co
—
Deed Of Trust
related
$4,000,000 · Associated Bk
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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