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Property profile & analytics
OFF-MARKET
Estimated value
$15,770,000
Grocery and convenience stores
5461 New Albany W Rd New Albany, OH 43054-8221
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-3250065
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2006
Total area
71,050 SF
Lot
11.04 ac (480,902 SF)
APN
010-282719
UPID
US66-3250065
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
-
Giant Eagle Deli Food Market Restaurant
-
Giant Eagle Bakery Bakery Specialty Food Shop
-
Huntington Bank Bank Loan Service
-
Western Union Bank Credit Union
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.77M
Owner & transaction history
Exchangeright Net Leased Portf · 6 yrs held
Exchangeright Net Leased Portf
since 2020
Last sale
$15.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.7M
+132.6%
Auto repair, garage
$11.7M
+31.9%
Neighborhood: shopping center
$11.7M
+31.3%
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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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
$17,070,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,775,000
6.5%
$14,560,000
7%
$13,520,000
Alternative Use
Use
Estimation
RESTAURANT
$20,655,000
Change: +133% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,715,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,655,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$10,685,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,300,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$9,765,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$15.77M
Range $14.19M – $17.35M · ±10% · vs last sale $15.72M (Jan 6 2020)
Last sale anchor
$15.72M
Jan 6 2020
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
$222 / 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
$314,442
Tax year 2023
Assessed value
$4,304,590
Assessed 2023
Previous assessed
$3,447,500
+24.9% YoY
Effective rate
7.30%
On assessed value
Assessed land
$2,289,110
Assessed improvement
$2,015,480
Land market value
$6,540,300
Improvement market value
$5,758,500
Total market value
$12,298,800
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2006
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
71,050 SF
Lot
11.04 ac (480,902 SF)
APN
010-282719
UPID
US66-3250065
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
$20.7M
AUTO REPAIR, GARAGE
Est. value
$11.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.7M
MEDICAL BUILDING
Est. value
$10.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.3M
OFFICE BUILDING
Est. value
$9.8M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2006
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
11.04 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portf
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2020
—
Exchangeright Net Leased Portf
Exchangeright New Alba Patriot
Quit Claim Deed
related
$73,875,000 · Barclays Cap R/e
Jan 6, 2020
$15,723,908
Patriot Exchangeright New Alba
Echo New Albany Associates LLC
Grant Deed
—
Nov 1, 2006
$3,312,000
New Albany Associates
New Albany Co LLC
Grant Deed
—
—
—
Echo New Albany Associates LLC
—
Deed Of Trust
related
$11,700,000 · Keybank USA
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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