New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,110,000
Office buildings
3781 Ml Run Dr, Hilliard, OH 43026
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-1676798
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
61,201 SF
Lot
6.49 ac (282,704 SF)
APN
050-007016
UPID
US66-1676798
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
$6.52M
Blend (final)
Blend
$6.11M
Owner & transaction history
L C Park Mill Run LLC · 9 yrs held
L C Park Mill Run LLC
since 2017
5 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 Hilliard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilliard 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
AUTO REPAIR, GARAGE
$10,090,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,040,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$9,205,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,870,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$6.11M
Range $5.50M – $6.72M · ±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
$100 / 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
$147,187
Tax year 2023
Assessed value
$1,799,710
Assessed 2023
Previous assessed
$1,771,000
+1.6% YoY
Effective rate
8.18%
On assessed value
Assessed land
$589,860
Assessed improvement
$1,209,850
Land market value
$1,685,300
Improvement market value
$3,456,700
Total market value
$5,142,000
Applied tax rate
50.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
61,201 SF
Lot
6.49 ac (282,704 SF)
APN
050-007016
UPID
US66-1676798
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
AUTO REPAIR, GARAGE
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1994
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
6.49 ac
Current owner
From public records · entity-resolved
L C Park Mill Run LLC
Entity
Mailing address
817 BETHEL RD, COLUMBUS, OH 43214-1903
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
Lc Park Mill Run LLC
—
Deed
related
$3,001,557 · The State Bank & Trust Co
Jun 2, 2017
$4,600,000
L C Park Mill Run LLC
Cri Mill Run Limited
Limited Warranty Deed
$331,500 · Jpmorgan Chase Bank NA
Apr 3, 2001
$4,325,000
Cri Mill Run Ltd
Ce Columbus Investment Trust
Grant Deed
—
May 7, 1998
$3,417,000
Ce Columbus Investment Trust
Jsi 44 Delaware Business Trust
Grant Deed
$33,044,010 · Guaranty Savings Bank
Oct 24, 1997
$2,775,000
Jsi 44 Delaware Trust
Jumbosports INC
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3781 Ml Run Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
