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Property profile & analytics
OFF-MARKET
Estimated value
$4,265,000
Strip malls
4740 Reed Rd, Upper Arlington, OH 43220-3073
Entity Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1175132
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
WOOD
Total area
38,727 SF
Lot
3.43 ac (149,367 SF)
APN
070-011059
UPID
US66-1175132
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.27M
Owner & transaction history
Do-an Investments Ltd · 25 yrs held
Do-an Investments Ltd
since 2001
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.1M
+46.7%
Apartment house (5+ units)
$5.6M
+34.1%
Medical building
$5.2M
+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 Upper Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upper Arlington 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,185,000
Current use
AUTO REPAIR, GARAGE
$6,140,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,615,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$5,230,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$4,470,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$4,155,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,760,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$4.27M
Range $3.84M – $4.69M · ±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
$110 / 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
$169,848
Tax year 2023
Assessed value
$2,107,980
Assessed 2023
Previous assessed
$1,805,970
+16.7% YoY
Effective rate
8.06%
On assessed value
Assessed land
$548,940
Assessed improvement
$1,559,040
Land market value
$1,568,400
Improvement market value
$4,454,400
Total market value
$6,022,800
Applied tax rate
70.0000
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
2006
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
38,727 SF
Lot
3.43 ac (149,367 SF)
APN
070-011059
UPID
US66-1175132
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.5M
RETAIL STORES
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
3.43 ac
Current owner
From public records · entity-resolved
Do-an Investments Ltd
Entity
Mailing address
1480 DUBLIN RD, COLUMBUS, OH 43215-1010
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2017
—
Do-an Investments Ltd
—
Grant Deed
related
$5,600,000 · Miscellaneous Ins Co
Oct 30, 2007
—
Do-an Investments Ltd
—
Deed Of Trust
related
$6,900,000 · Nationwide Life Insurance Co
May 22, 2001
—
Do-an Investments Ltd
Ciotola,domenico & Italia
Grant Deed
related
—
—
—
Do-an Investments Ltd
—
Deed Of Trust
related
$325,000 · Arlington Bank
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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