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Property profile & analytics
OFF-MARKET
Estimated value
$8,680,000
Community centers
51 Schrock Rd 129 Westerville, OH 43081-2861
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1522363
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1983
Total area
62,640 SF
Lot
12.48 ac (543,411 SF)
APN
080-004338
UPID
US66-1522363
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
-
KeyBank Bank Loan Service
-
KeyBank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.68M
Owner & transaction history
City Of Westerville · 17 yrs held
City Of Westerville
since 2009
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.8M
+5.1%
Auto repair, garage
$10.3M
+0.5%
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
NEIGHBORHOOD: SHOPPING CENTER
$10,275,000
Current use
MEDICAL BUILDING
$10,800,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,330,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,080,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$8.68M
Range $7.81M – $9.55M · ±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
$139 / 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
$345,034
Tax year 2023
Assessed value
$4,200,160
Assessed 2023
Previous assessed
$4,051,720
+3.7% YoY
Effective rate
8.21%
On assessed value
Assessed land
$988,550
Assessed improvement
$3,211,610
Land market value
$2,824,400
Improvement market value
$9,176,000
Total market value
$12,000,400
Applied tax rate
80.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1983
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
62,640 SF
Lot
12.48 ac (543,411 SF)
APN
080-004338
UPID
US66-1522363
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$10.8M
AUTO REPAIR, GARAGE
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
Buildings
2
Lot
12.48 ac
Current owner
From public records · entity-resolved
City Of Westerville
Entity
Mailing address
250 CIVIC CTR DR STE #500, COLUMBUS, OH 43215-5088
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Jan 4, 2017
—
Westerville Plaza LP
—
Grant Deed
related
$10,000,000 · Us Com'l Mtg Loan Portfolio
Apr 24, 2009
—
City Of Westerville
Westerville Plaza
Quit Claim Deed
—
Jun 9, 2004
—
Westerville Plaza LP
Solove,richard J
Grant Deed
related
—
Dec 31, 2003
—
Westerville Plaza LP
—
Deed Of Trust
related
$9,500,000 · Prudential Mortgage Capital Co
Sep 29, 1999
—
Westerville Plaza LP
Solove,richard J
Grant Deed
related
—
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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