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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Commercial land
4040 Henderson Rd Columbus, OH 43220
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2560985
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1984
Total area
26,786 SF
Lot
0.72 ac (31,363 SF)
APN
075-000003
UPID
US66-2560985
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
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$700k
Owner & transaction history
Ppc/gobo Ltd · 22 yrs held
Ppc/gobo Ltd
since 2004
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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$26 / 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
$7,590
Tax year 2023
Assessed value
$90,550
Assessed 2023
Previous assessed
$70,780
+27.9% YoY
Effective rate
8.38%
On assessed value
Assessed land
$90,550
Land market value
$258,700
Total market value
$258,700
Applied tax rate
75.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1984
Heating
YES
Cooling
YES
Stories
2
Rooms
12
Bathrooms
5
Total area
26,786 SF
Lot
0.72 ac (31,363 SF)
APN
075-000003
UPID
US66-2560985
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
1984
Heating
YES
Cooling
Yes
Stories
2
Rooms
12
Bathrooms
5
Lot
0.72 ac
Current owner
From public records · entity-resolved
Ppc/gobo Ltd
Individual
Mailing address
5000 HORIZONS DR, COLUMBUS, OH 43220-5290
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2011
—
Ppc Of Gobo Investment Ptrs LLC
—
Loan Modification
related
$1,232,310 · Huntington Nat'l Bk/fl
Feb 4, 2004
—
Ppc/gobo Ltd
Gobo Ltd
Quit Claim Deed
related
$1,450,000 · Huntington National Bank
Sep 28, 2000
—
Gobo Ltd
—
Grant Deed
related
$1,125,000 · Delaware County Bank & Trust
Aug 29, 2000
—
Upper Arlington City (oh)
Gobo Ltd
Grant Deed
related
—
Nov 23, 1999
$1,850,000
Gobo Ltd
Ho-le-la LLP
Grant Deed
—
Nov 19, 1999
—
C V Perry & Co
Ho-le-la-llp
Grant Deed
$4,000,000 · Huntington National Bank
Nov 4, 1998
$835,000
William R Lee
Frederick L Ransier Trustee
Grant Deed
$425,250 · Delaware County Bank & Trust
—
—
Ppc/gobo Investments Partners
—
Deed Of Trust
related
$200,000 · Huntington National Bank
—
—
Gobo Ltd
—
Deed Of Trust
related
$500,000 · Ho-le-la LLP
—
—
Ppc Of Gobo Investment Ptrs LLC
—
Loan Modification
related
$68,230 · Huntington Nat'l Bk/fl
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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