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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Office Spaces
5005 Horizons Dr Columbus, OH 43220-5287
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-1358268
Property summary
AI-generated overview
This exceptional Class A office space, totaling 10,800 square feet, is situated within the prestigious Arlington Falls Office Park in Upper Arlington, Ohio. Located at 5005 Horizons Drive, this property offers an unbeatable location at the prominent corner of Riverside Drive and Henderson Road. The building is part of a five-building complex, and this offering encompasses the entire second floor. The space is divisible, with Suite 205 comprising 6,550 square feet and Suite 200 offering 4,250 square feet, providing flexible occupancy options to suit various business needs. The asking price for this owner-occupant opportunity is $2,215,000. The property boasts easy access and visibility, making it an ideal location for businesses seeking a high-profile presence in Upper Arlington. The two-story building offers ample space and modern amenities, typical of Class A office space. This is a rare opportunity to acquire a significant and well-located office space in a highly desirable area. The property's address is 5005 Horizons Drive, Upper Arlington, Ohio, 43220, within Franklin County.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2008
Total area
9,324 SF
Lot
0.29 ac (12,676 SF)
APN
075-000029
UPID
US66-1358268
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
-
Camelot Dental Group: G Paul King DDS Dental Office
-
Wealth Advantage Group Financial Advisor
-
Ohio Insurance Guaranty Association Association / Organization
-
Camelot Dental Group Dental Office
-
r-tag.com (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$815k
Owner & transaction history
5005 Horizons Drive LLC · 5 yrs held
5005 Horizons Drive LLC
since 2020
Last sale
$830,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+25.6%
Medical building
$1.3M
+17.0%
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
$785,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,075,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,350,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$1,260,000
Change: +17% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$905,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $830k (Mar 11 2025)
Last sale anchor
$830k
Mar 11 2025
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
$87 / 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
$41,875
Tax year 2023
Assessed value
$498,750
Assessed 2023
Previous assessed
$498,760
0.0% YoY
Effective rate
8.40%
On assessed value
Assessed land
$60,830
Assessed improvement
$437,920
Land market value
$173,800
Improvement market value
$1,251,200
Total market value
$1,425,000
Applied tax rate
75.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2008
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
9,324 SF
Lot
0.29 ac (12,676 SF)
APN
075-000029
UPID
US66-1358268
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
OFFICE BUILDING Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$905,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
5005 Horizons Drive LLC
Entity
Mailing address
5005 HORIZONS DR, COLUMBUS, OH 43220-5287
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Nov 5, 2020
$1,425,000
5005 Horizons Drive LLC
G & B Ventures LLC
Warranty Deed
$770,000 · First City Bank
Mar 13, 2009
$1,839,200
G&b Ventures LLC
Arlington Falls LLC
Limited Warranty Deed
—
—
—
G & B Ventures LLC
—
Deed Of Trust
related
$925,000 · Private Individual
—
—
G & B Ventures LLC
—
Deed Of Trust
related
$200,000 · Wesbanco Bk
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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