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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Outlet malls
5050 Hamilton Rd Columbus, OH 43230-1312
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-4586973
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2015
Construction
WOOD
Total area
17,497 SF
Lot
1.56 ac (67,866 SF)
APN
545-294490
UPID
US66-4586973
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
-
Meijer Specialty Food Shop Supermarket
-
U.S. Bank Branch Bank Loan Service
-
Meijer Pharmacy Pharmacy
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.78M
Owner & transaction history
Goodwill Hamilton LLC · 9 yrs held
Goodwill Hamilton LLC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+47.8%
Apartment house (5+ units)
$2.5M
+35.1%
Medical building
$2.4M
+25.8%
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
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
RETAIL STORES
$1,880,000
Current use
AUTO REPAIR, GARAGE
$2,775,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,535,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$2,365,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$2,360,000
Change: +26% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,890,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,700,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±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
$102 / 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
$63,819
Tax year 2023
Assessed value
$875,010
Assessed 2023
Previous assessed
$595,000
+47.1% YoY
Effective rate
7.29%
On assessed value
Assessed land
$403,800
Assessed improvement
$471,210
Land market value
$1,153,700
Improvement market value
$1,346,300
Total market value
$2,500,000
Applied tax rate
545.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
17,497 SF
Lot
1.56 ac (67,866 SF)
APN
545-294490
UPID
US66-4586973
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
RETAIL STORES Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2015
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Goodwill Hamilton LLC
Entity
Mailing address
605 S FRNT ST STE #110, COLUMBUS, OH 43215-5870
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2016
$3,523,000
Goodwill Hamilton LLC
Berengaria Gahanna LLC
Grant Deed
$2,150,000 · Alliant Cu
—
—
Goodwill Hamilton LLC
—
Deed Of Trust
related
$2,018,418 · Inb NA
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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