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Property profile & analytics
OFF-MARKET
Estimated value
$4,860,000
Commercial land
4530 Generosity Way Hilliard, OH 43026
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-3036990
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2013
Total area
18,384 SF
Lot
21.66 ac (943,727 SF)
APN
050-003043
UPID
US66-3036990
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
$4.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$4.86M
Owner & transaction history
Rb Hilliard LLC · 1 yrs held
Rb Hilliard LLC
since 2025
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+189.6%
Office building
$3.2M
+74.9%
Auto repair, garage
$3.0M
+64.3%
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
$4,920,000
ML approach
$4,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,345,000
Change: +190% · Conversion: Difficult
OFFICE BUILDING
$3,225,000
Change: +75% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,030,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,015,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$4.86M
Range $4.37M – $5.35M · ±10% · vs last sale $5.00M (Jun 2 2023)
Last sale anchor
$5.00M
Jun 2 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
$264 / 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
$52,094
Tax year 2023
Assessed value
$636,970
Assessed 2023
Previous assessed
$588,630
+8.2% YoY
Effective rate
8.18%
On assessed value
Assessed land
$636,970
Land market value
$1,819,900
Total market value
$1,819,900
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2013
Heating
NONE
Cooling
YES
Total area
18,384 SF
Lot
21.66 ac (943,727 SF)
APN
050-003043
UPID
US66-3036990
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
RESTAURANT
Est. value
$5.3M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2013
Heating
NONE
Cooling
Yes
Lot
21.66 ac
Current owner
From public records · entity-resolved
Rb Hilliard LLC
Entity
Mailing address
4653 TRUEMAN BLVD STE #100, HILLIARD, OH 43026-2490
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
—
Eq 4640 Trueman Boulevard LLC
—
Deed
related
$6,585,000 · Wesbanco Bank INC
Jul 14, 2025
$1,714,900
Rb Hilliard LLC
Trueman Boulevard LLC
Deed
$14,200,000 · Buckeye State Bank
Jun 2, 2023
—
Trueman Boulevard LLC
City Of Hilliard
Quit Claim Deed
related
—
May 26, 2023
—
City Of Hilliard
Trueman Boulevard LLC
Quit Claim Deed
related
—
Feb 24, 2022
$525,700
Trueman Boulevard LLC
Madison Tri State Properties LLC
Limited Warranty Deed
—
Jan 7, 2022
$3,700,000
Trueman Boulevard LLC
Madison Tri State Properties LLC
Limited Warranty Deed
$2,245,000 · Civista Bank
May 29, 2014
$1,350,000
Spectrum Acquisition Hilliard
Madison Tri-state Props LLC
Grant Deed
—
Feb 29, 2008
$5,000,000
Advanced Drainage Systems INC
Realty Facility Holdings Xiv LLC
Limited Warranty Deed
$5,000,000 · Jpmorgan Chase Bank NA
May 5, 2006
$1,139,100
Schroer Props Of Hillard INC
Soma
Grant Deed
—
Mar 14, 2006
$1,000
Facility Holdings Xiv L Realty
Soma
Grant Deed
—
Apr 19, 2004
—
Central Park LLC
Soma Co
Quit Claim Deed
related
—
Jan 16, 2004
$5,362,200
Target Corp
Soma Co
Grant Deed
—
Apr 18, 2003
$5,921,000
Central Park LLC
Soma Co
Grant Deed
$7,005,000 · Us Bank NA
Feb 28, 2001
$1,322,300
Realty Facility Holdings Xiv
Soma Co
Grant Deed
related
$4,850,000 · First Security Bank
Aug 16, 1999
$98,000
Red Roof Inns INC
Soma Co
Grant Deed
—
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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