Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Bowling alleys
5501 Sandalwood Blvd Columbus, OH 43229-4476
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-6292372
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1963
Total area
31,958 SF
Lot
2.95 ac (128,676 SF)
APN
010-132065
UPID
US66-6292372
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
-
ATM Atm
-
Sequoia Pro Bowl Bowling Alley
-
The VolleyPark Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.21M
Owner & transaction history
572 Fahrenheit INC · 2 yrs held
572 Fahrenheit INC
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+252.6%
Apartment house (5+ units)
$2.9M
+234.4%
Medical building
$2.6M
+196.2%
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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
$2,265,000
ML approach
$2,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,080,000
Change: +253% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,925,000
Change: +234% · Conversion: Difficult
MEDICAL BUILDING
$2,590,000
Change: +196% · Conversion: Difficult
RETAIL STORES
$1,840,000
Change: +110% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,655,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$1,575,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±10% · vs last sale $2.20M (Sep 22 2023)
Last sale anchor
$2.20M
Sep 22 2023
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
$69 / 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
$20,119
Tax year 2023
Assessed value
$275,420
Assessed 2023
Previous assessed
$275,420
+0.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$105,250
Assessed improvement
$170,170
Land market value
$300,700
Improvement market value
$486,200
Total market value
$786,900
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1963
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
31,958 SF
Lot
2.95 ac (128,676 SF)
APN
010-132065
UPID
US66-6292372
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
AUTO REPAIR, GARAGE
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1963
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
2.95 ac
Current owner
From public records · entity-resolved
572 Fahrenheit INC
Entity
Mailing address
2283 WOODRUFF DR, SUNBURY, OH 43074-7626
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$2,200,000
572 Fahrenheit INC
Voss Bowling Enterprises LLC
Warranty Deed
$2,795,000 · First Savings Bank
Jul 2, 2020
—
Voss Bowling Enterprises LLC
—
Deed
related
$496,000 · Jpmorgan Chase Bank NA
Feb 26, 2018
—
Voss Bowling Ents LLC
—
Deed
related
$25,000 · Fifth Third Bk/cleveland
Feb 5, 2018
—
Voss Family Bowling LLC
—
Deed
related
$576,000 · Fifth Third Bk
Dec 3, 2003
$660,000
Voss Bowling Enterprises LLC
Thompson,albert
Grant Deed
$497,000 · Fifth Third Bank Central Ohio
—
—
Voss Bowling Enterprises LLC
—
Deed Of Trust
related
$617,553 · Fifth Third Bank
—
—
Albert Thompson
—
Deed Of Trust
related
$300,000 · Huntington National Bank
—
—
Voss Bowling Enterpriss LLC
—
Deed Of Trust
related
$634,686 · Fifth Third Bank
—
—
Voss Bowling Enterprises LLC
—
Deed Of Trust
related
$724,138 · Fifth Third Bank Central Ohio
—
—
Voss Family Bowling LLC
—
Deed Of Trust
related
$576,000 · Fifth Third Bk
—
—
Voss Bowling Ents LLC
—
Deed Of Trust
related
$135,500 · Fifth Third Bk/boone
—
—
Voss Bowling Ents LLC
—
Deed Of Trust
related
$25,000 · Fifth Third Bk/cleveland
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 5501 Sandalwood 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.
