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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Outlet malls
3900 Sullivant Ave Columbus, OH 43228-3172
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-0512690
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1968
Total area
89,700 SF
Lot
10.34 ac (450,410 SF)
APN
010-143099
UPID
US66-0512690
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
-
Kidney Services Social Service Agency Charitable Organization
-
Milmer LLC Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$2.44M
Owner & transaction history
Aep Ohio Transmission Company INC · 1 yrs held
Aep Ohio Transmission Company INC
since 2025
7 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
$2.44M
Range $2.19M – $2.68M · ±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
$27 / 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
$36,750
Tax year 2023
Assessed value
$503,090
Assessed 2023
Previous assessed
$459,410
+9.5% YoY
Effective rate
7.30%
On assessed value
Assessed land
$197,050
Assessed improvement
$306,040
Land market value
$563,000
Improvement market value
$874,400
Total market value
$1,437,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1968
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
89,700 SF
Lot
10.34 ac (450,410 SF)
APN
010-143099
UPID
US66-0512690
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
1968
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
10.34 ac
Current owner
From public records · entity-resolved
Aep Ohio Transmission Company INC
Entity
Mailing address
3600 SULLIVANT AVEB, COLUMBUS, OH 43228-2122
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2025
$1,900,000
Aep Ohio Transmission Company INC
Milmer LLC
Quitclaim Deed
related
—
Nov 12, 2010
$325,000
Milmer LLC
Gulf Coast Bk & Trust Co
Warranty Deed
—
May 21, 2009
$548,000
Gulf Coast Bank & Trust Co
Sheriff Of Franklin County
Trustees Deed
related
—
Dec 9, 2008
$32,587
American Tax Funding LLC
Franklin County Treasurer
Tax Deed
related
—
Oct 12, 2005
—
Haenszel James D Tr
Sullivant Avenue Props LLC
Grant Deed
—
Aug 31, 1999
$500,000
Avenue Properties Sullivant
Toys R Us-delaware INC
Grant Deed
$550,000 · First National Bank Zanesville
—
—
Sullivant Ave Properties LLC
—
Deed Of Trust
related
$300,000 · First National Bank Zanesville
—
—
Sullivant Avenue Props LLC
—
Deed Of Trust
related
$17,821 · Jerry & Laura L Davis
—
—
Avenue Properties Ll Sullivant
—
Deed Of Trust
related
$380,000 · Firstmerit Bank NA
—
—
Sullivant Ave Properties LLC
—
Deed Of Trust
related
$50,000 · Firstmerit Bank NA
—
—
Sullivant Avenue Props LLC
—
Deed Of Trust
related
$1,430,000 · Point Center Financial INC
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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