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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Turn key restaurants
39 State St Westerville, OH 43081-2123
Entity Owned
18-yr Hold
Free & Clear
Property ID
US66-6023613
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1958
Total area
5,190 SF
Lot
0.26 ac (11,282 SF)
Zoning code
41
APN
080-000453
UPID
US66-6023613
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
-
Edward Jones - Financial Advisor: Tim Bullock, CFP® Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$505k
Owner & transaction history
Llewellyn Properties LLC · 18 yrs held
Llewellyn Properties LLC
since 2008
4 recorded transactions
Zoning & alternative use
41 · Westerville, OH
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 Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville 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
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$97 / 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
$18,390
Tax year 2023
Assessed value
$223,870
Assessed 2023
Previous assessed
$169,050
+32.4% YoY
Effective rate
8.21%
On assessed value
Assessed land
$63,670
Assessed improvement
$160,200
Land market value
$181,900
Improvement market value
$457,700
Total market value
$639,600
Applied tax rate
80.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1958
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,190 SF
Lot
0.26 ac (11,282 SF)
Zoning code
41
APN
080-000453
UPID
US66-6023613
Jurisdiction
FRANKLIN
Zoning & alternative use
41 · Westerville, OH
Zoning 41 · permitted uses
41 · Westerville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westerville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Llewellyn Properties LLC
Entity
Free & Clear · 18 yrs held
Mailing address
2815 VLY VW RD NE, LANCASTER, OH 43130-8596
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2008
—
Llewellyn Properties LLC
Llewellyn Priscilla H Trust
Quit Claim Deed
related
—
Dec 18, 2007
—
Llewellyn Priscilla H Trust
Llewellyn,priscilla H
Quit Claim Deed
related
—
May 8, 2007
$425,000
Priscilla H Llewellyn
Currier,mary L
Warranty Deed
—
Jul 9, 2003
—
Llwewllyn,priscilla H Tr
Llewellyn,richard G
Quit Claim 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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