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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Garden apartment buildings
400 Columbus Rd South Charleston, OH 45368-8622
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1876795
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,600 SF
Lot
1.03 ac (44,867 SF)
APN
170-13-00016-100-010
UPID
US66-1876795
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
$710k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$651k
Blend (final)
Blend
$695k
Owner & transaction history
400 W Columbus LLC · 3 yrs held
400 W Columbus LLC
since 2022
Last sale
$850,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+50.1%
Medical building
$1.0M
+50.0%
Office building
$920,000
+38.2%
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 South Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Charleston 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
$745,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$665,000
Current use
AUTO REPAIR, GARAGE
$1,000,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$1,000,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$920,000
Change: +38% · Conversion: Moderate
RETAIL STORES
$775,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +6% · Conversion: Moderate
WAREHOUSE, STORAGE
$550,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $850k (Nov 3 2022)
Last sale anchor
$850k
Nov 3 2022
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
$60 / 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
$6,896
Tax year 2023
Assessed value
$126,340
Assessed 2023
Previous assessed
$126,340
+0.0% YoY
Effective rate
5.46%
On assessed value
Assessed land
$9,920
Assessed improvement
$116,420
Land market value
$28,330
Improvement market value
$332,620
Total market value
$360,950
Applied tax rate
170.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Units
16
Total area
11,600 SF
Lot
1.03 ac (44,867 SF)
APN
170-13-00016-100-010
UPID
US66-1876795
Jurisdiction
CLARK
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$920,000
RETAIL STORES
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$550,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Units
16
Lot
1.03 ac
Current owner
From public records · entity-resolved
400 W Columbus LLC
Entity
Mailing address
PO BOX 38147, URBANA, OH 43078-8147
Ownership since
2022
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
Nov 3, 2022
$850,000
400 W Columbus LLC
Sellman Enterprises LLC
Warranty Deed
$637,500 · The Farmers & Merchants State Bank
Dec 21, 2020
—
Sellman Enterprises LLC
—
Deed
related
$384,000 · Perpetual Fsb
Jun 4, 2018
$350,000
Sellman Ents LLC
Main Street Rentals INC
Warranty Deed
$350,000 · Perpetual Fsb
—
—
Main Street Rentals INC
—
Deed Of Trust
related
$141,132 · Firstmerit Bank NA
—
—
Main Street Rentals INC
—
Deed Of Trust
related
$75,000 · Firstmerit Bank NA
—
—
Main Street Rentals INC
—
Deed Of Trust
related
$340,000 · Citizens Bank Of London
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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