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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office buildings
5252 Norwich St, Hilliard, OH 43026-1497
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-6221411
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
2,768 SF
Lot
0.36 ac (15,856 SF)
APN
050-000333
UPID
US66-6221411
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
-
Dot The i Creative Marketing & Advertising
-
The Westwood Collective Property Maintenance Property Investment Company
-
Rejuvenated Skin Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
Old Hilliard Ltd · 4 yrs held
Old Hilliard Ltd
since 2021
Last sale
$645,920
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$765,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$485,000
Current use
AUTO REPAIR, GARAGE
$455,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$455,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$415,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $646k (Oct 20 2021)
Last sale anchor
$646k
Oct 20 2021
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
$240 / 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
$6,401
Tax year 2023
Assessed value
$78,270
Assessed 2023
Previous assessed
$146,130
-46.4% YoY
Effective rate
8.18%
On assessed value
Assessed land
$45,470
Assessed improvement
$32,800
Land market value
$129,900
Improvement market value
$93,700
Total market value
$223,600
Applied tax rate
50.0000
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
1900
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Units
3
Rooms
12
Bathrooms
3
Total area
2,768 SF
Lot
0.36 ac (15,856 SF)
APN
050-000333
UPID
US66-6221411
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
OFFICE BUILDING Current
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$455,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$455,000
MEDICAL BUILDING
Est. value
$415,000
OFFICE BUILDING Current
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
1900
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Units
3
Rooms
12
Bathrooms
3
Lot
0.36 ac
Current owner
From public records · entity-resolved
Old Hilliard Ltd
Individual
Mailing address
PO BOX 1471, HILLIARD, OH 43026-6471
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
$350,000
Old Hilliard Ltd
Harold Land Company Co LLC
Warranty Deed
$645,920 · The Savings Bank
Nov 23, 2005
$280,000
Harold Land Co LLC
Malcolm Mcfarland
Warranty Deed
$280,000 · Jpmorgan Chase Bank NA
Sep 27, 1999
—
Malcolm Mcfarland
Restaurant Ventures
Quit Claim 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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