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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Medical Office Space
4488 Broad St Columbus, OH 43228-5610
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US66-1880497
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Total area
8,017 SF
Lot
0.72 ac (31,450 SF)
APN
240-002857
UPID
US66-1880497
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
-
CleanSlate Outpatient Addiction Medicine Medical Clinic
-
Lighthouse Behavioral Health Solutions - Columbus West Medical Clinic
-
Kristina Schamberger Fassett Physician
-
Dr. Allen Carnes Dental Office
-
Alexandra Schirmer Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$700k
Owner & transaction history
Robert S Pema · 12 yrs held
Robert S Pema
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+7.4%
Office building
$1.1M
+5.7%
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
MEDICAL BUILDING
$1,085,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,160,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$1,145,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$865,000
Change: -20% · Conversion: Difficult
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
$87 / 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
$17,337
Tax year 2023
Assessed value
$232,270
Assessed 2023
Previous assessed
$207,910
+11.7% YoY
Effective rate
7.46%
On assessed value
Assessed land
$77,110
Assessed improvement
$155,160
Land market value
$220,300
Improvement market value
$443,300
Total market value
$663,600
Applied tax rate
240.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1976
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
8,017 SF
Lot
0.72 ac (31,450 SF)
APN
240-002857
UPID
US66-1880497
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
MEDICAL BUILDING Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$865,000
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1976
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Robert S Pema
Individual
Mailing address
250 CIVIC CTR DR STE #100, COLUMBUS, OH 43215-5076
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2013
$510,000
Robert S Pema
4488 West Broad Building Ltd
Warranty Deed
$408,000 · Pnc Bank
Jan 3, 2005
—
Cheek John A Tr
4488 W Broad Building
Quit Claim Deed
related
$500,000 · Huntington National Bank
—
—
4488 West Broad Building Ltd
—
Deed Of Trust
related
$130,000 · Mutual Fsb
—
—
4488 West Broad Building Ltd
—
Deed Of Trust
related
$500,000 · Mutual Fsb
—
—
4488 West Broad Building
—
Deed Of Trust
related
$267,443 · Mutual Fsb
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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