Property profile

5500 New Albany Rd New Albany, OH 43054

OFF-MARKET
Office buildings
Property ID
US66-0998717
115,937 SF 16.21 ac lot Built 2004
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2004
Total area 115,937 SF
Lot 16.21 ac (706,238 SF)
APN 010-242023
UPID US66-0998717

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • General Contractor
  • Postal Service Courier Service
  • Property Management Company Real Estate Developer

Location

5500 New Albany Rd New Albany, OH 43054-8703
New Albany metro Census 7205 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.11M
Blend (final) Blend
$11.48M

Owner & transaction history

since 2018
5 recorded transactions
2018
$20.0M
2011
Price N/A
2004
Price N/A
2004
$1.8M
2004
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $19.1M +20.0%
Neighborhood: shopping center $19.0M +19.4%
Medical building $17.4M +9.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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