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Property profile & analytics
OFF-MARKET
Commercial real estate
40 Main St Westerville, OH 43081-1541
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-2754178
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1993
Construction
WOOD
Total area
1,958 SF
Lot
0.18 ac (7,667 SF)
Zoning code
40
APN
080-000023
UPID
US66-2754178
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
-
Westerville Cleaners (Bike/Boat/Book/etc) Store
-
Linkhorn Associate Appraisal Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
40 E Main Street LLC · 2 yrs held
40 E Main Street LLC
since 2024
Last sale
$415,000
6 recorded transactions
Zoning & alternative use
40 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,374
Tax year 2023
Assessed value
$126,290
Assessed 2023
Previous assessed
$101,050
+25.0% YoY
Effective rate
8.21%
On assessed value
Assessed land
$32,100
Assessed improvement
$94,190
Land market value
$91,700
Improvement market value
$269,100
Total market value
$360,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Units
1
Rooms
5
Bathrooms
1
Total area
1,958 SF
Lot
0.18 ac (7,667 SF)
Zoning code
40
APN
080-000023
UPID
US66-2754178
Jurisdiction
FRANKLIN
Zoning & alternative use
40 · Westerville, OH
Zoning 40 · permitted uses
40 · 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
1993
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
5
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
40 E Main Street LLC
Entity
Free & Clear · 2 yrs held
Mailing address
491 COUNTY LINE RD, WESTERVILLE, OH 43081-1042
Ownership since
2024
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
Jan 16, 2024
—
40 E Main Street LLC
Lloyd S Linkhorn JR
Quit Claim Deed
related
—
May 23, 2014
$415,000
New Albany Co
Heartland Bk
Grant Deed
—
Nov 13, 1997
$125,000
Lloyd S Linkhorn
Schybal,joseph & Beverly
Quit Claim Deed
related
$200,000 · State Savings Bank
—
—
Lloyd S Linkhorn
—
Deed Of Trust
related
$168,000 · Huntington Mortgage
—
—
Lloyd S Linkhorn
—
Deed Of Trust
related
$153,200 · Gmac Mortgage Corp
—
—
Lloyd S Linkhorn
—
Deed Of Trust
related
$39,000 · Huntington National Bank
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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