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Property profile & analytics
FOR LEASE
Community centers
5419 Roberts Rd Hilliard, OH 43026
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-2625188
For Lease
$7,075,000
5419 Roberts Rd, Hilliard, OH 43026
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1995
Total area
78,603 SF
Lot
9.26 ac (403,366 SF)
APN
560-168621
UPID
US66-2625188
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
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Big Lots Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.72M
Blend (final)
Blend
$7.08M
Owner & transaction history
Roberts Crossing LLC · 10 yrs held
Roberts Crossing LLC
since 2016
7 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
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
APARTMENT HOUSE (5+ UNITS)
$11,395,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$7.08M
Range $6.37M – $7.78M · ±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
$90 / 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
$170,327
Tax year 2023
Assessed value
$2,350,250
Assessed 2023
Previous assessed
$1,831,200
+28.3% YoY
Effective rate
7.25%
On assessed value
Assessed land
$1,016,470
Assessed improvement
$1,333,780
Land market value
$2,904,200
Improvement market value
$3,810,800
Total market value
$6,715,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1995
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
78,603 SF
Lot
9.26 ac (403,366 SF)
APN
560-168621
UPID
US66-2625188
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.4M
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
1995
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
9.26 ac
Current owner
From public records · entity-resolved
Roberts Crossing LLC
Entity
Mailing address
6190 COCHRAN RD STE A, SOLON, OH 44139-3323
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2016
—
Roberts Crossing LLC
Carnegie Properties INC
Grant Deed
—
Nov 16, 2015
—
Roberts Crossing LLC
Carnegie Properties INC
Grant Deed
related
—
Jul 18, 2013
$2,235,000
Lsref2 Oreo Direct LLC
Orix Roberts Crossing LLC
Limited Warranty Deed
$494,262 · Royal Bank Of Canada
Feb 25, 2010
—
Orix Roberts Crossing LLC
Rushmore Roberts LLC
Grant Deed
—
Apr 6, 2007
$3,200,000
Rushmore Roberts LLC
Sun Life Assurance Co Of Canada
Limited Warranty Deed
—
—
—
Lsref2 Oreo Direct LLC
—
Loan Modification
related
$706,664,758 · Citibank NA
—
—
Roberts Crossing LLC
—
Deed Of Trust
related
$5,000,000 · Basis R/e Cap II
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?”
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