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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Flex space
4601 Lyman Dr Hilliard, OH 43026-1249
Individually Owned
~
Est. High Equity
Property ID
US66-2517564
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1984
Total area
22,549 SF
Lot
3.03 ac (131,769 SF)
APN
050-003183
UPID
US66-2517564
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
-
Bobby Rahal, Inc. Car Dealership
-
River's Edge Cutlery (Bike/Boat/Book/etc) Store
-
Team Rahal Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.11M
Owner & transaction history
Columbus Sheet Metal Workers Apprenticeship
Columbus Sheet Metal Workers Apprenticeship
since 2026
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+87.1%
Apartment house (5+ units)
$3.3M
+80.3%
Retail stores
$2.8M
+55.4%
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
$2,050,000
ML approach
$2,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,815,000
Current use
MEDICAL BUILDING
$3,390,000
Change: +87% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,270,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$2,820,000
Change: +55% · Conversion: Moderate
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $2.18M (Dec 27 2021)
Last sale anchor
$2.18M
Dec 27 2021
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
$93 / 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
$70,645
Tax year 2023
Assessed value
$863,810
Assessed 2023
Previous assessed
$620,740
+39.2% YoY
Effective rate
8.18%
On assessed value
Assessed land
$105,880
Assessed improvement
$757,930
Land market value
$302,500
Improvement market value
$2,165,500
Total market value
$2,468,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1984
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
22,549 SF
Lot
3.03 ac (131,769 SF)
APN
050-003183
UPID
US66-2517564
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
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
1984
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.03 ac
Current owner
From public records · entity-resolved
Columbus Sheet Metal Workers Apprenticeship
Individual
Mailing address
6740 AVERY MUIRFIELD DR STE B, DUBLIN, OH 43017-1240
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
$3,000,000
Columbus Sheet Metal Workers Apprenticeship
Remi Properties LLC
Special Warranty Deed
$2,400,000 · Huntington National Bank
Dec 22, 2022
—
Remi Properties LLC
—
Deed
related
$1,400,000 · Ohio Statewide Development Corporation
Dec 27, 2021
$2,175,000
Remi Properties LLC
Team Rahal INC
Limited Warranty Deed
$1,400,000 · Park National Bank
Apr 3, 2019
—
Team Rahal INC
4601 Lyman Drive LLC
Quit Claim Deed
related
—
Apr 3, 2019
$1,850,000
Converge Investments LLC
Team Rahal INC
Limited Warranty Deed
$647,500 · Jpmorgan Chase Bank NA
Dec 26, 2017
—
Team Rahal INC
—
Deed
related
$758,681 · Mb Fin'l Bk
Jan 29, 2010
—
Team Rahal INC
—
Grant Deed
related
$1,500,000 · North Shore Cmnty Bk
Apr 23, 2004
—
Scioto Valley Co LLC
—
Deed Of Trust
related
$2,160,000 · Huntington National Bank
—
—
Scioto Valley Co LLC
—
Loan Modification
related
$750,000 · Huntington Nat'l Bk/fl
—
—
Team Rahal INC
—
Deed Of Trust
related
$1,300,000 · National Cty Bk/nw
—
—
Team Rahal INC
—
Deed Of Trust
related
$2,200,000 · National Cty Bk/nw
—
—
Team Rahal INC
—
Loan Modification
related
$758,681 · Mb Fin'l Bk
—
—
Team Rahal INC
—
Loan Modification
related
$1,000,000 · National Cty Bk/nw
—
—
Team Rahal INC
—
Loan Modification
related
$3,000,000 · National Cty Bk/nw
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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