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Property profile & analytics
FOR LEASE
Medical Office Space
4555 Cemetery Rd, Hilliard, OH 43026
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0460693
For Lease
1 / 7
$1,645,000
4555 Cemetery Rd, Hilliard, OH 43026
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
10,482 SF
Lot
1.15 ac (50,050 SF)
APN
050-002426
UPID
US66-0460693
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
-
Laird Ackerson, OD Contact Lenses Supplier Optometrist
-
Clarity Eyecare Physician
-
Advanced Physical Therapy Centers Physician
-
Ackerson Vanderhorst Eddleblute Eyecare Center Eye Care Center
-
Ackerson Eyecare Center, Inc.: Vanderhorst Kathryn OD Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.65M
Owner & transaction history
Vanderblute LLC · 1 yrs held
Vanderblute LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+16.7%
Auto repair, garage
$1.7M
+9.6%
Neighborhood: shopping center
$1.7M
+9.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,730,000
6.5%
$1,595,000
7%
$1,480,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,575,000
Current use
OFFICE BUILDING
$1,840,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,730,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,720,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,520,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$1,310,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $2.09M (Oct 2 2024)
Last sale anchor
$2.09M
Oct 2 2024
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
$157 / 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
$53,829
Tax year 2023
Assessed value
$658,190
Assessed 2023
Previous assessed
$527,460
+24.8% YoY
Effective rate
8.18%
On assessed value
Assessed land
$192,720
Assessed improvement
$465,470
Land market value
$550,600
Improvement market value
$1,329,900
Total market value
$1,880,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2005
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Rooms
6
Bathrooms
2
Total area
10,482 SF
Lot
1.15 ac (50,050 SF)
APN
050-002426
UPID
US66-0460693
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
$1.6M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
6
Bathrooms
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
Vanderblute LLC
Entity
Mailing address
4939 CEMETERY RD, HILLIARD, OH 43026-1123
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2025
—
Vanderblute LLC
—
Deed
related
$861,000 · Community Capital Development Corp
Jan 2, 2025
$2,086,000
Vanderblute LLC
Nakak LLC
Deed
$1,050,000 · The Fahey Banking Co
Dec 20, 2024
—
Nakak LLC
Laird Ackerson
Warranty Deed
—
Dec 11, 2024
—
Laird Ackerson
Sdla LLC
Warranty Deed
—
Jan 14, 2015
—
Sdla LLC
—
Grant Deed
related
$1,100,000 · S&t Bk
Jul 14, 2005
—
Sdla LLC
Laird D Ackerson
Warranty Deed
$1,520,000 · Advantage Bank
May 24, 2000
$292,000
Laird D Ackerson
Gahm,gary L & Joyce E
Grant Deed
—
—
—
Laird D Ackerson
—
Deed Of Trust
related
$283,000 · Key Bank NA
—
—
Ackerson,laird D & Jacqueline
—
Deed Of Trust
related
$408,000 · Fifth Third Bk/ctrl Oh
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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