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Property profile & analytics
FOR LEASE
Medical Office Space
5144 Morse Rd, Columbus, OH 43230
Entity Owned
10-yr Hold
Absentee Owner
Property ID
US66-5327047
For Lease
1 / 2
$20 SF/Yr
5144 Morse Rd, Columbus, OH 43230
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Construction
WOOD
Total area
9,024 SF
Lot
1.68 ac (72,963 SF)
APN
010-295703
UPID
US66-5327047
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
-
Dennis Koon - State Farm Insurance Agent Insurance Agency
-
Pinnacle Eyecare - Eye Doctor in Columbus, OH Eye Care Center Optometrist
-
Nicholas King-Smith Physician
-
Advanced Dental Care Center: Kahwach Sam DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.18M
Owner & transaction history
Koon & Kahwash Properties LLC · 10 yrs held
Koon & Kahwash Properties LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+17.4%
Apartment house (5+ units)
$1.3M
+7.4%
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
MEDICAL BUILDING
$1,220,000
Current use
AUTO REPAIR, GARAGE
$1,430,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,310,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$1,215,000
Change: 0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$975,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$131 / 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
$41,529
Tax year 2023
Assessed value
$568,510
Assessed 2023
Previous assessed
$423,470
+34.3% YoY
Effective rate
7.30%
On assessed value
Assessed land
$49,880
Assessed improvement
$518,630
Land market value
$142,500
Improvement market value
$1,481,800
Total market value
$1,624,300
Applied tax rate
10.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2020
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Units
1
Rooms
7
Bathrooms
2
Total area
9,024 SF
Lot
1.68 ac (72,963 SF)
APN
010-295703
UPID
US66-5327047
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
MEDICAL BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$975,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2020
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
7
Bathrooms
2
Lot
1.68 ac
Current owner
From public records · entity-resolved
Koon & Kahwash Properties LLC
Entity
Mailing address
4351 MORSE RD, GAHANNA, OH 43230-4501
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
—
Koon S Kahwash Properties LLC
—
Deed
related
$1,001,574 · The Huntington National Bank
May 20, 2019
—
Koon & Kahwash Properties LLC
—
Deed
related
$1,000,000 · First Fed'l Bk/the Midwest
May 19, 2016
—
Koon & Kahwash Properties LLC
Kahwash,sam
Quit Claim Deed
related
—
Dec 23, 2015
$120,000
Dennis Koon
Derrer Road LLC
Warranty Deed
—
Dec 22, 2010
$80,000
Derrer Road LLC
Petty,carlton G & Barbara J
Warranty Deed
—
—
—
Koon & Kahwash Properties LLC
—
Deed Of Trust
related
$1,000,000 · First Fed'l Bk/the Midwest
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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