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Property profile & analytics
OFF-MARKET
Estimated value
$7,340,000
Office buildings
505 Cleveland Ave Westerville, OH 43082-7130
Entity Owned
11-yr Hold
Free & Clear
Property ID
US66-1822245
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
71,259 SF
Lot
5.37 ac (233,874 SF)
APN
318-444-01-003-009
UPID
US66-1822245
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
-
Vertiv Global Headquarters Big Box & Wholesale Store Building Supply
-
FedEx Drop Box Postal Service Courier Service
-
Vertiv Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.50M
Blend (final)
Blend
$7.34M
Owner & transaction history
Arc Swwsvoh001 LLC · 11 yrs held
Arc Swwsvoh001 LLC
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.5M
+14.5%
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 Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville 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
OFFICE BUILDING
$9,125,000
Current use
AUTO REPAIR, GARAGE
$10,450,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,960,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$8,240,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$7.34M
Range $6.61M – $8.07M · ±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
$103 / 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
$241,187
Tax year 2023
Assessed value
$2,975,010
Assessed 2023
Previous assessed
$3,776,720
-21.2% YoY
Effective rate
8.11%
On assessed value
Assessed land
$394,630
Assessed improvement
$2,580,380
Land market value
$1,127,500
Improvement market value
$7,372,500
Total market value
$8,500,000
Applied tax rate
49.0000
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
Off-Market
Year built
2004
Heating
YES
Cooling
YES
Stories
3
Total area
71,259 SF
Lot
5.37 ac (233,874 SF)
APN
318-444-01-003-009
UPID
US66-1822245
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
$9.1M
AUTO REPAIR, GARAGE
Est. value
$10.5M
WAREHOUSE, STORAGE
Est. value
$9.0M
RETAIL STORES
Est. value
$8.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
2004
Heating
YES
Cooling
Yes
Stories
3
Lot
5.37 ac
Current owner
From public records · entity-resolved
Arc Swwsvoh001 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
505 N CLEVELAND AVE, WESTERVILLE, OH 43082-7130
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2014
$10,350,020
Arc Swwsvoh001 LLC
Rpai Westerville Cleveland LLC
Grant Deed
—
Feb 17, 2011
—
Wstn Westerville Clevel Inland
—
Deed Of Trust
related
$585,000,000 · Key Bank NA
Oct 11, 2010
—
Western Westerville C Inland
—
Grant Deed
related
$200,000,000 · Key Bank NA
Jan 20, 2005
$10,000,000
Western Westerville Cle Inland
Westar Five Zero Five LLC
Grant Deed
related
—
May 4, 2004
—
Westar Five Zero Five LLC
Westar Crossing LLC
Quit Claim Deed
related
$6,600,000 · Huntington National 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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