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Property profile & analytics
OFF-MARKET
Estimated value
$2,865,000
Medical Office Space
4595 Trueman Blvd Hilliard, OH 43026-2576
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-1239422
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Construction
WOOD
Total area
18,104 SF
Lot
2.65 ac (115,303 SF)
Zoning code
4355
APN
050-003206
UPID
US66-1239422
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
-
Pediatric Associates Inc Hilliard Office Pediatrician Medical Clinic
-
Jumana C. Giragos, MD, FAAP Pediatrician Medical Clinic
-
Blake Kathleen D MD Physician
-
Carrie Barnes-Mullett Pediatrician Medical Clinic
-
Victoria Vinsant Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$2.87M
Owner & transaction history
Merco IV LLC · 10 yrs held
Merco IV LLC
since 2015
7 recorded transactions
Zoning & alternative use
4355 · Hilliard, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+16.7%
Auto repair, garage
$3.0M
+9.6%
Neighborhood: shopping center
$3.0M
+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%
$2,985,000
6.5%
$2,755,000
7%
$2,560,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,725,000
Current use
OFFICE BUILDING
$3,180,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,985,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,970,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,625,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$2,260,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.87M
Range $2.58M – $3.15M · ±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
$158 / 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
$90,641
Tax year 2023
Assessed value
$1,900,750
Assessed 2023
Previous assessed
$1,794,710
+5.9% YoY
Effective rate
4.77%
On assessed value
Assessed land
$197,750
Assessed improvement
$1,703,000
Land market value
$565,000
Improvement market value
$4,865,700
Total market value
$5,430,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
18,104 SF
Lot
2.65 ac (115,303 SF)
Zoning code
4355
APN
050-003206
UPID
US66-1239422
Jurisdiction
FRANKLIN
Zoning & alternative use
4355 · Hilliard, OH
Zoning 4355 · permitted uses
4355 · Hilliard, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilliard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
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
2013
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
2.65 ac
Current owner
From public records · entity-resolved
Merco IV LLC
Entity
Mailing address
6500 EMERALD PKWY STE #100, DUBLIN, OH 43016-6236
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2015
—
Merco IV LLC
Timberline Mob LLC
Warranty Deed
$3,731,250 · Merchants National Bank
Mar 18, 2015
—
Creighton LLC
—
Trustees Deed
related
$225,000 · Fahey Bkng
Oct 9, 2013
$2,256,700
Creighton LLC
Timberline Mob LLC
Warranty Deed
—
Jul 9, 2013
$440,000
Timberline Mob LLC
Rrihq LLC
Grant Deed
$3,040,000 · Fahey Banking Co
Jul 9, 2013
—
Ata Exchange Ltd Tr
Rrihq LLC
Grant Deed
—
May 19, 2003
$3,200,000
Rrihq LLC
Red Roof Inns INC
Grant Deed
$3,640,000 · Fifth Third Bank
Aug 16, 1999
$48,000
Soma Co
Red Roof Inns INC
Grant Deed
—
—
—
Creighton LLC
—
Deed Of Trust
related
$3,040,000 · Fahey Bkng
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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