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Property profile & analytics
OFF-MARKET
Estimated value
$18,255,000
Warehouses
4141 Lockbourne Industrial Pkwy Columbus, OH 43207
Entity Owned
~
Est. High Equity
Property ID
US66-1863523
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
220,000 SF
Lot
13.22 ac (575,733 SF)
APN
510-243507
UPID
US66-1863523
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.01M
Blend (final)
Blend
$18.26M
Owner & transaction history
Lockbourne II LLC
Lockbourne II LLC
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$29.7M
+97.8%
Neighborhood: shopping center
$23.8M
+58.3%
Retail stores
$23.6M
+57.2%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,020,000
Current use
MEDICAL BUILDING
$29,705,000
Change: +98% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$23,780,000
Change: +58% · Conversion: Moderate
RETAIL STORES
$23,615,000
Change: +57% · Conversion: Moderate
Blend value · Realmo final
$18.26M
Range $16.43M – $20.08M · ±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
$83 / 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
$150,072
Tax year 2023
Assessed value
$3,146,750
Assessed 2023
Previous assessed
$2,765,810
+13.8% YoY
Effective rate
4.77%
On assessed value
Assessed land
$249,800
Assessed improvement
$2,896,950
Land market value
$713,700
Improvement market value
$8,277,000
Total market value
$8,990,700
Applied tax rate
510.0000
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
1998
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
220,000 SF
Lot
13.22 ac (575,733 SF)
APN
510-243507
UPID
US66-1863523
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
$15.0M
MEDICAL BUILDING
Est. value
$29.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.8M
RETAIL STORES
Est. value
$23.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1998
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
13.22 ac
Current owner
From public records · entity-resolved
Lockbourne II LLC
Entity
Mailing address
4140 LOCKBOURNE RD, COLUMBUS, OH 43207-4221
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
—
Lockbourne II LLC
—
Deed
related
$26,000,000 · Wesbanco Bank INC
Aug 9, 2018
—
Lockbourne II LLC
—
Deed
related
$4,300,000 · Miscellaneous Ins Co
—
—
Lockbourne II LLC
—
Deed Of Trust
related
$1,305,000 · American Equity Inv Life Ins
—
—
Lockbourne II LLC
—
Deed Of Trust
related
$4,300,000 · Miscellaneous Ins Co
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.
Try Rey
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