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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Strip malls
480 Jefferson Ave Plain City, OH 43064-4137
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-1502410
Property summary
AI-generated overview
This exceptional special-purpose property at 480 S Jefferson Avenue, Plain City, OH 43064, presents a unique business opportunity. The single-tenant building boasts a substantial 8,580 square feet of space, ideally suited for a variety of commercial uses. Its prime location offers unparalleled visibility from US RT 42, ensuring high traffic and exposure for your business. The property includes a generous 65 parking spaces, providing ample convenience for customers and employees. An additional 300 square feet offers versatile expansion or storage potential. The lot size is 1.05 acres, providing ample room for maneuvering and potential future development. The property's strategic location near the Der Dutchman Restaurant further enhances its appeal. A significant advantage is the inclusion of a drive-through facility and a large LED sign, providing excellent opportunities for advertising and branding. The property's APN is 04-00166.003, and the cross street is Perry Pike. This is a rare opportunity to secure a high-profile commercial space in a thriving location. Don't miss out on this exceptional offering.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
8,580 SF
Lot
1.05 ac (45,651 SF)
APN
04-00166.003
UPID
US66-1502410
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
-
Memorial Family Medicine | Plain City Pediatrician Physician
-
John Adams, II, DO Pediatrician Physician
-
Fenn Alicia MD Pediatrician Medical Clinic
-
Lonnie J. Craft, RPh Pharmacy
-
Nisenoff Carolina D MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$600k
Owner & transaction history
480 Properties LLC · 11 yrs held
480 Properties LLC
since 2014
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$725,000
+82.3%
Restaurant
$700,000
+76.9%
Apartment house (5+ units)
$645,000
+62.4%
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 Plain City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plain City 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%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$395,000
Current use
AUTO REPAIR, GARAGE
$725,000
Change: +82% · Conversion: Difficult
RESTAURANT
$700,000
Change: +77% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$645,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$70 / 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
$15,421
Tax year 2023
Assessed value
$265,650
Assessed 2023
Previous assessed
$253,000
+5.0% YoY
Effective rate
5.81%
On assessed value
Assessed land
$19,260
Assessed improvement
$246,390
Land market value
$55,020
Improvement market value
$703,970
Total market value
$758,990
Applied tax rate
4.0000
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
Heating
NONE
Stories
1
Total area
8,580 SF
Lot
1.05 ac (45,651 SF)
APN
04-00166.003
UPID
US66-1502410
Jurisdiction
MADISON
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
$395,000
AUTO REPAIR, GARAGE
Est. value
$725,000
RESTAURANT
Est. value
$700,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
Heating
NONE
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
480 Properties LLC
Entity
Mailing address
480 S JEFFERSON AVE, PLAIN CITY, OH 43064-4137
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Sep 23, 2014
—
480 Properties LLC
Lonnie J Craft
Quit Claim Deed
related
$925,000 · The Peoples Savings Bank
Apr 3, 2006
—
Lonnie J Craft
Balantyne Family LP
Survivorship Deed
$203,150 · The Delaware County Bank And Trust
Feb 23, 2005
$189,839
Ballantyne Family Ltd
Winn,ron
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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