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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Warehouses
5150 Nike Dr Hilliard, OH 43026-7448
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-5355242
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
9,510 SF
Lot
3.16 ac (137,432 SF)
APN
560-160650
UPID
US66-5355242
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
-
TruGreen Lawn Care Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
5150 Hillard Partners LLC · 1 yrs held
5150 Hillard Partners LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+245.2%
Office building
$1.7M
+108.5%
Auto repair, garage
$1.6M
+95.8%
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 Hilliard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilliard 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
$2,305,000
ML approach
$2,325,000
CAP Approach
CAP Return
Estimation
6%
$2,235,000
6.5%
$2,065,000
7%
$1,915,000
Alternative Use
Use
Estimation
RESTAURANT
$2,765,000
Change: +245% · Conversion: Difficult
OFFICE BUILDING
$1,670,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,570,000
Change: +96% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,560,000
Change: +95% · Conversion: Moderate
MEDICAL BUILDING
$1,430,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±10% · vs last sale $2.34M (Dec 28 2023)
Last sale anchor
$2.34M
Dec 28 2023
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
$245 / 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
$31,207
Tax year 2023
Assessed value
$430,610
Assessed 2023
Previous assessed
$430,610
+0.0% YoY
Effective rate
7.25%
On assessed value
Assessed land
$111,270
Assessed improvement
$319,340
Land market value
$317,900
Improvement market value
$912,400
Total market value
$1,230,300
Applied tax rate
560.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
9,510 SF
Lot
3.16 ac (137,432 SF)
APN
560-160650
UPID
US66-5355242
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
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1999
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
3.16 ac
Current owner
From public records · entity-resolved
5150 Hillard Partners LLC
Entity
Free & Clear · 1 yrs held
Mailing address
414 S 16TH ST STE #100, PHILADELPHIA, PA 19146-1989
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
5150 Hillard Partners LLC
Trugreen Limited Partnership
Re-recorded Document
related
—
Aug 12, 2024
—
5150 Hillard Partners LLC
—
Deed
related
$100,000 · Truist Bank
Dec 28, 2023
$2,341,700
5150 Hillard Partners LLC
Trugreen Limited Partnership
Limited Warranty Deed
—
Dec 28, 2023
—
Trugreen LP
5150 Hillard Partners LLC
Lease
—
Jan 3, 2014
$732,400
Trugreen LP
Wells Fargo Bk Nw NA
Grant Deed
—
Dec 20, 2001
$850,000
Wells Fargo Bank Northwest NA
Leisure Lawn INC
Grant Deed
related
—
Apr 21, 1998
$165,700
Leisure Lawn INC
Isp Newark INC
Grant Deed
—
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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