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Property profile & analytics
OFF-MARKET
Estimated value
$13,095,000
Warehouses
4051 Leap Rd 4119 Hilliard, OH 43026-1115
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1348549
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
201,925 SF
Lot
18.76 ac (817,273 SF)
APN
050-002874
UPID
US66-1348549
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
$8.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.72M
Blend (final)
Blend
$13.10M
Owner & transaction history
Dp 155 LLC · 2 yrs held
Dp 155 LLC
since 2023
Last sale
$15.5M
6 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 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
$15,255,000
ML approach
$8,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,005,000
Current use
Blend value · Realmo final
$13.10M
Range $11.79M – $14.40M · ±10% · vs last sale $15.50M (Dec 15 2023)
Last sale anchor
$15.50M
Dec 15 2023
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
$65 / 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
$259,528
Tax year 2023
Assessed value
$3,173,350
Assessed 2023
Previous assessed
$3,123,130
+1.6% YoY
Effective rate
8.18%
On assessed value
Assessed land
$489,830
Assessed improvement
$2,683,520
Land market value
$1,399,500
Improvement market value
$7,667,200
Total market value
$9,066,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
201,925 SF
Lot
18.76 ac (817,273 SF)
APN
050-002874
UPID
US66-1348549
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.0M
WAREHOUSE, STORAGE Current
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
1974
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
18.76 ac
Current owner
From public records · entity-resolved
Dp 155 LLC
Entity
Mailing address
333 N BEDFORD RD, MOUNT KISCO, NY 10549-1158
Ownership since
2023
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
Dec 15, 2023
$15,500,000
Dp 155 LLC
Dip Spv Company 10 LLC
Limited Warranty Deed
$30,100,000 · Webster Bank NA
Mar 4, 2020
—
Dip Spv Company 10 LLC
—
Deed
related
$7,701,000 · Associated Bank NA
Apr 7, 2015
$7,436,000
Dip Spv Co 10 LLC
Garrison Leap LLC
Grant Deed
—
Nov 9, 2012
—
Garrison Hamilton LLC
—
Deed Of Trust
related
$28,500,000 · Doral Bank
Sep 28, 2012
$3,300,000
Garrison Leap LLC
First Indl LP
Grant Deed
—
Mar 25, 1998
$5,055,000
Industrial LP First
Northwest Equity Partners
Grant Deed
related
—
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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