Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,790,000
Investment properties
5477 New Albany W Rd 5515 New Albany, OH 43054-8221
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-3251254
Property summary
AI-generated overview
This exceptional retail opportunity is located at 5477 New Albany Road West in New Albany, Ohio, within Franklin County (zip code 43054). The property offers two available spaces, ranging in size from 926 square feet to 1,785 square feet, ideal for a variety of retail uses. The spaces are configured as in-line and endcap units within a multi-tenant building. The site benefits from a high-traffic location, with over 14,000 vehicles passing daily on New Albany Road, providing excellent visibility and accessibility. This location enjoys easy access to the highly traveled Ohio State Route 161. The property is strategically positioned near a Giant Eagle Market District, serving as a shadow anchor, and adjacent to a newly opened Qdoba Mexican Eats. The area boasts a strong employment base, with proximity to major employers such as the OSU Wexner Medical Center, numerous data centers (Amazon, Facebook, and Discover), and the corporate headquarters of Abercrombie & Fitch and Big Lots. Current tenants are operational
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2007
Total area
26,104 SF
Lot
6.55 ac (285,187 SF)
APN
010-283465
UPID
US66-3251254
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
-
Panera Bread Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.07M
Comparable Approach
Comparable
$5.04M
Blend (final)
Blend
$4.79M
Owner & transaction history
New Albany Market Partners LLC · 13 yrs held
New Albany Market Partners LLC
since 2012
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.6M
+189.6%
Auto repair, garage
$4.3M
+64.3%
Neighborhood: shopping center
$4.3M
+63.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,405,000
6.5%
$4,065,000
7%
$3,775,000
Alternative Use
Use
Estimation
RESTAURANT
$7,590,000
Change: +190% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,305,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,280,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$3,925,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,785,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$3,590,000
Change: +37% · Conversion: Easy
RETAIL STORES
$3,260,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$4.79M
Range $4.31M – $5.27M · ±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
$183 / 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
$209,357
Tax year 2023
Assessed value
$2,866,020
Assessed 2023
Previous assessed
$2,604,000
+10.1% YoY
Effective rate
7.30%
On assessed value
Assessed land
$1,405,080
Assessed improvement
$1,460,940
Land market value
$4,014,500
Improvement market value
$4,174,100
Total market value
$8,188,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2007
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
26,104 SF
Lot
6.55 ac (285,187 SF)
APN
010-283465
UPID
US66-3251254
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
$7.6M
AUTO REPAIR, GARAGE
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.3M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
2007
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
6.55 ac
Current owner
From public records · entity-resolved
New Albany Market Partners LLC
Entity
Mailing address
150 E BROAD ST STE #100, COLUMBUS, OH 43215-3634
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2012
—
New Albany Market Partners LLC
Ns Market Ventures LLC
Grant Deed
$5,300,000 · Wesbanco Bank INC
—
—
New Albany Market Partners LLC
—
Deed Of Trust
related
$6,300,000 · Wesbanco Bank INC
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 5477 New Albany W Rd, Unit 5515?
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.
