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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Strip malls
4661 Karl Rd Columbus, OH 43229-6421
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0103036
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Construction
WOOD
Total area
11,000 SF
Lot
4.73 ac (205,995 SF)
Zoning code
1454
APN
010-012863
UPID
US66-0103036
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
-
Fresenius Kidney Care Central Ohio/Columbus Medical Clinic
-
Live Well Suboxone Clinic Columbus, OH Rehabilitation Center Health Counselor
-
Ganesh Shidham Physician Medical Clinic
-
Vinay Mulkanoor Physician Medical Clinic
-
Dr. Jason Prosek Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.39M
Owner & transaction history
1454-1516 Morse Road Holdings · 15 yrs held
1454-1516 Morse Road Holdings
since 2010
3 recorded transactions
Zoning & alternative use
1454 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+46.7%
Apartment house (5+ units)
$1.6M
+34.1%
Medical building
$1.5M
+24.9%
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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%
$1,985,000
6.5%
$1,830,000
7%
$1,700,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,190,000
Current use
AUTO REPAIR, GARAGE
$1,745,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,595,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$1,485,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$1,180,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,070,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$990,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±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
$126 / 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
$103,609
Tax year 2023
Assessed value
$1,366,100
Assessed 2023
Previous assessed
$924,010
+47.8% YoY
Effective rate
7.58%
On assessed value
Assessed land
$720,940
Assessed improvement
$645,160
Land market value
$2,059,800
Improvement market value
$1,843,300
Total market value
$3,903,100
Applied tax rate
10.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
11,000 SF
Lot
4.73 ac (205,995 SF)
Zoning code
1454
APN
010-012863
UPID
US66-0103036
Jurisdiction
FRANKLIN
Zoning & alternative use
1454 · Columbus, OH
Zoning 1454 · permitted uses
1454 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$990,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1970
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
4.73 ac
Current owner
From public records · entity-resolved
1454-1516 Morse Road Holdings
Entity
Mailing address
5696 GALVESTON DR, COLUMBUS, OH 43228-8928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Dec 9, 2010
$2,400,000
1454-1516 Morse Road Holdings
Sheriff Of Franklin County
Trustees Deed
related
—
Sep 1, 2006
$6,798,000
645 Bergen Avenue Realty LLC
Capitol Square Ltd
Grant Deed
—
Jun 5, 1998
$4,050,000
Capitol Square Ltd
Ohio Equities INC
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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