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Property profile & analytics
FOR LEASE
Office buildings
5508-5584 Hilliard Rome Rd, Hilliard, OH 43026
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-2169478
For Lease
$13 SF/Yr
5508-5584 Hilliard Rome Rd, Hilliard, OH 43026
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
25,000 SF
Lot
4.94 ac (214,969 SF)
APN
560-168624
UPID
US66-2169478
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.05M
Comparable Approach
Comparable
$5.14M
Blend (final)
Blend
$4.56M
Owner & transaction history
Hrc18 LLC · 7 yrs held
Hrc18 LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.3M
+65.6%
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%
$5,470,000
6.5%
$5,050,000
7%
$4,690,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,390,000
Current use
RESTAURANT
$7,265,000
Change: +66% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,120,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,100,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$3,760,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,625,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.56M
Range $4.10M – $5.02M · ±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
$182 / 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
$102,793
Tax year 2023
Assessed value
$1,418,380
Assessed 2023
Previous assessed
$1,330,010
+6.6% YoY
Effective rate
7.25%
On assessed value
Assessed land
$406,280
Assessed improvement
$1,012,100
Land market value
$1,160,800
Improvement market value
$2,891,700
Total market value
$4,052,500
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2008
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
25,000 SF
Lot
4.94 ac (214,969 SF)
APN
560-168624
UPID
US66-2169478
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
OFFICE BUILDING Current
Est. value
$4.4M
RESTAURANT
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2008
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
4.94 ac
Current owner
From public records · entity-resolved
Hrc18 LLC
Entity
Mailing address
4635 ABERDEEN AVE, DUBLIN, OH 43016-9529
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2018
$3,610,000
Hrc18 LLC
Marcus Pohlmann Prop II LLC
Warranty Deed
—
Aug 27, 2003
—
Columbus City (oh)
Marcus Pohlmann Properties LLC
Grant Deed
related
—
Feb 14, 2003
$425,000
Joyn,r Tr
Yost,thomas D & Sherry R
Grant Deed
—
Feb 14, 2003
$535,000
Marcus Pohlman Properties II
John,r Tr
Grant Deed
—
—
—
Marcus Pohlmann Props II LLC
—
Deed Of Trust
related
$3,020,000 · Miscellaneous Ins Co
—
—
Marcus Pohlmann Props II LLC
—
Deed Of Trust
related
$3,000,000 · American Equity Inv Life Ins
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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