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Property profile & analytics
OFF-MARKET
Estimated value
$7,095,000
Community centers
4658 Cemetery Rd 4704 Hilliard, OH 43026-1124
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1296793
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Total area
30,450 SF
Lot
3.23 ac (140,481 SF)
Zoning code
4708
APN
050-003337
UPID
US66-1296793
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
-
H&R Block Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.69M
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$7.10M
Owner & transaction history
Zrp Hilliard Square LLC · 1 yrs held
Zrp Hilliard Square LLC
since 2025
Last sale
$8.7M
3 recorded transactions
Zoning & alternative use
4708 · Hilliard, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+77.2%
Office building
$5.3M
+7.0%
Auto repair, garage
$5.0M
+0.5%
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%
$7,245,000
6.5%
$6,685,000
7%
$6,210,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,995,000
Current use
RESTAURANT
$8,850,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$5,345,000
Change: +7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,020,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$4,580,000
Change: -8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,415,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$7.10M
Range $6.39M – $7.80M · ±10% · vs last sale $8.68M (Oct 16 2024)
Last sale anchor
$8.68M
Oct 16 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
$233 / 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
$95,854
Tax year 2023
Assessed value
$1,172,050
Assessed 2023
Previous assessed
$1,082,910
+8.2% YoY
Effective rate
8.18%
On assessed value
Assessed land
$479,990
Assessed improvement
$692,060
Land market value
$1,371,400
Improvement market value
$1,977,300
Total market value
$3,348,700
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1985
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
30,450 SF
Lot
3.23 ac (140,481 SF)
Zoning code
4708
APN
050-003337
UPID
US66-1296793
Jurisdiction
FRANKLIN
Zoning & alternative use
4708 · Hilliard, OH
Zoning 4708 · permitted uses
4708 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.0M
RESTAURANT
Est. value
$8.9M
OFFICE BUILDING
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1985
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
3.23 ac
Current owner
From public records · entity-resolved
Zrp Hilliard Square LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4658-4704 CEMETERY RD, GROVEPORT, OH 43125
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
$8,675,000
Zrp Hilliard Square LLC
Hilliard Square Shopping Center LLC
Deed
—
Jan 5, 1999
—
Hilliard Square Shopping Centr
Murphy,herbert J
Grant Deed
$3,550 · Prudential Mortgage Co
—
—
Hilliard Sq Shopping Center Ll
—
Deed Of Trust
related
$3,700,000 · First Fin'l Bk&tr
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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