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Property profile & analytics
FOR LEASE
Office buildings
50 W Olentangy St Powell, OH 43065
Entity Owned
~
Est. High Equity
Property ID
US66-0867681
For Lease
1 / 8
$4,500/Mo
50 W Olentangy St, Powell, OH 43065
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
6,076 SF
Lot
0.44 ac (19,210 SF)
APN
319-425-13-055-000
UPID
US66-0867681
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
$965k
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
City Of Powell
City Of Powell
since 2026
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+101.3%
Commercial (general)
$1.2M
+34.9%
Medical building
$1.0M
+12.3%
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 Powell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Powell 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
$1,010,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$890,000
Current use
RESTAURANT
$1,790,000
Change: +101% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,200,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$1,000,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$955,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$890,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.15M (Sep 27 2023)
Last sale anchor
$1.15M
Sep 27 2023
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
$181 / 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
$12,982
Tax year 2023
Assessed value
$175,810
Assessed 2023
Previous assessed
$147,780
+19.0% YoY
Effective rate
7.38%
On assessed value
Assessed land
$80,680
Assessed improvement
$95,130
Land market value
$230,500
Improvement market value
$271,800
Total market value
$502,300
Applied tax rate
24.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Heating
YES
Cooling
YES
Stories
1
Total area
6,076 SF
Lot
0.44 ac (19,210 SF)
APN
319-425-13-055-000
UPID
US66-0867681
Jurisdiction
DELAWARE
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
OFFICE BUILDING Current
Est. value
$890,000
RESTAURANT
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$890,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1983
Heating
YES
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
City Of Powell
Entity
Mailing address
4620 HICKORY ROCK DR, POWELL, OH 43065-7315
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
—
City Of Powell
Csd Powell LLC
Deed
—
Jun 24, 2024
—
Csd Powell LLC
—
Deed
related
$5,550,000 · Buckeye State Bank
Sep 27, 2023
$1,150,000
Csd Powell LLC
Carlind Capital LLC
Limited Warranty Deed
—
Jun 16, 2011
$289,000
Carlind Capital LLC
Miller,david E
Warranty Deed
—
Oct 4, 2007
—
David E Miller
Miller,david E
Quit Claim Deed
related
$397,500 · Benchmark Bank
—
—
Cynthia A Miller
—
Deed Of Trust
related
$10,000 · Suzanne K Sabol
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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