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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Medical Office Space
3958 Leap Rd Hilliard, OH 43026-1179
Entity Owned
25-yr Hold
Free & Clear
Property ID
US66-2176711
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD
Total area
4,572 SF
Lot
1.13 ac (49,179 SF)
Zoning code
3958
APN
050-003271
UPID
US66-2176711
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
-
Hilliard Family Dentistry, Inc Dental Office
-
Van Vorhis Heather Dental Office
-
Laser Center At Hilliard Physician Medical Clinic
-
Leah E. Heinlen, MD Pediatrician Physician
-
WILLIAM P. GIANAKOPOULOS Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$497k
Blend (final)
Blend
$640k
Owner & transaction history
Hilliard City (oh) · 25 yrs held
Hilliard City (oh)
since 2001
2 recorded transactions
Zoning & alternative use
3958 · Hilliard, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$805,000
+16.7%
Auto repair, garage
$755,000
+9.6%
Neighborhood: shopping center
$750,000
+9.1%
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 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
$385,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$690,000
Current use
OFFICE BUILDING
$805,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$750,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$570,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$140 / 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
$57,761
Tax year 2023
Assessed value
$706,270
Assessed 2023
Previous assessed
$578,270
+22.1% YoY
Effective rate
8.18%
On assessed value
Assessed land
$134,650
Assessed improvement
$571,620
Land market value
$384,700
Improvement market value
$1,633,200
Total market value
$2,017,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
4,572 SF
Lot
1.13 ac (49,179 SF)
Zoning code
3958
APN
050-003271
UPID
US66-2176711
Jurisdiction
FRANKLIN
Zoning & alternative use
3958 · Hilliard, OH
Zoning 3958 · permitted uses
3958 · Hilliard, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilliard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$690,000
OFFICE BUILDING
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$750,000
RETAIL STORES
Est. value
$570,000
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Hilliard City (oh)
Entity
Free & Clear · 25 yrs held
Mailing address
3958 LEAP RD, HILLIARD, OH 43026-1179
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2001
—
Hilliard City (oh)
Jeu Family Partnership
Grant Deed
related
—
—
—
Jeu Family Partnership
—
Deed Of Trust
related
$471,000 · Columbus Countywide Dev Corp
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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