Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,795,000
Warehouses
535 Lakeview Plz Blvd Worthington, OH 43085-6728
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US66-1058166
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Total area
86,128 SF
Lot
8.07 ac (351,486 SF)
APN
100-005936
UPID
US66-1058166
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.26M
Blend (final)
Blend
$5.80M
Owner & transaction history
Rm-use LLC · 16 yrs held
Rm-use LLC
since 2010
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.3M
+27.4%
Retail stores
$9.2M
+26.5%
Office building
$8.9M
+21.7%
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 Worthington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Worthington 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
WAREHOUSE, STORAGE
$7,310,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,310,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$9,245,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$8,895,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$5.80M
Range $5.22M – $6.37M · ±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
$67 / 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
$199,474
Tax year 2023
Assessed value
$2,153,870
Assessed 2023
Previous assessed
$1,746,890
+23.3% YoY
Effective rate
9.26%
On assessed value
Assessed land
$391,200
Assessed improvement
$1,762,670
Land market value
$1,117,700
Improvement market value
$5,036,200
Total market value
$6,153,900
Applied tax rate
100.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
86,128 SF
Lot
8.07 ac (351,486 SF)
APN
100-005936
UPID
US66-1058166
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
WAREHOUSE, STORAGE Current
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.3M
RETAIL STORES
Est. value
$9.2M
OFFICE BUILDING
Est. value
$8.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE 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
1995
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
8.07 ac
Current owner
From public records · entity-resolved
Rm-use LLC
Entity
Mailing address
2110 HANCOCK ST STE #300, SAN DIEGO, CA 92110-2063
Ownership since
2010
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
Apr 28, 2010
$4,225,000
Rm-use LLC
Lakeview Properties Group LLC
Grant Deed
—
Sep 28, 2007
$2,500,000
Lakeview Properties Group LLC
Bdl Ents LLC
Warranty Deed
$4,196,000 · National Cty Bk/nw
Oct 15, 2003
$2,243,400
Bdl Enterprises LLC
Lakwview Associates 535 LLC
Grant Deed
$2,300,000 · Oak Hill Banks
Jan 22, 1999
$2,130,000
Wolfgang Drescher
Modern Builders Supply INC
Grant Deed
$2,130,000 · Seller
—
—
Rm-use LLC
—
Deed Of Trust
related
$3,100,000 · Miscellaneous Ins Co
—
—
Lakeview Properties Group LLC
—
Deed Of Trust
related
$3,525,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 535 Lakeview Plz Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
