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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Flex space
5522 Ctr St Hilliard, OH 43026-1080
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2124418
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1979
Total area
6,000 SF
Lot
2.03 ac (88,470 SF)
Zoning code
5522
APN
050-004797
UPID
US66-2124418
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
-
9 Trees Landscape Construction Landscaping General Contractor
-
Home Helpers Specialist Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$550k
Owner & transaction history
Rae Ann Estep · 3 yrs held
Rae Ann Estep
since 2023
7 recorded transactions
Zoning & alternative use
5522 · Hilliard, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$900,000
+87.1%
Apartment house (5+ units)
$870,000
+80.3%
Retail stores
$750,000
+55.4%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$480,000
Current use
MEDICAL BUILDING
$900,000
Change: +87% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$870,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$750,000
Change: +55% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$92 / 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
$14,341
Tax year 2023
Assessed value
$175,350
Assessed 2023
Previous assessed
$172,420
+1.7% YoY
Effective rate
8.18%
On assessed value
Assessed land
$56,840
Assessed improvement
$118,510
Land market value
$162,400
Improvement market value
$338,600
Total market value
$501,000
Applied tax rate
50.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1979
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
6,000 SF
Lot
2.03 ac (88,470 SF)
Zoning code
5522
APN
050-004797
UPID
US66-2124418
Jurisdiction
FRANKLIN
Zoning & alternative use
5522 · Hilliard, OH
Zoning 5522 · permitted uses
5522 · Hilliard, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilliard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$480,000
MEDICAL BUILDING
Est. value
$900,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$870,000
RETAIL STORES
Est. value
$750,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1979
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.03 ac
Current owner
From public records · entity-resolved
Rae Ann Estep
Individual
Mailing address
4454 AVERY RD, HILLIARD, OH 43026-1008
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
—
Rae Ann Estep
Rae Ann Estep
Deed
related
—
Oct 15, 2021
—
Rae Ann Estep
Drannon Estep
Deed
related
—
May 17, 2017
—
Matthew F Forchione Prop LLC
—
Deed
related
$452,235 · Huntington Nat'l Bk
May 4, 2006
$290,000
Drannon Estep
Lindemann
Warranty Deed
$261,000 · Lehman Brothers Bank Fsb
May 26, 2005
$319,000
Matthew F Forchione Props LLC
Center Street Ents
Warranty Deed
$167,500 · Huntington National Bank
—
—
Matthew F Forchione Props LLC
—
Deed Of Trust
related
—
—
—
Matthew F Forchione Prop LLC
—
Deed Of Trust
related
$452,235 · Huntington Nat'l Bk
—
—
Matthew F Forchione Props LLC
—
Deed Of Trust
related
$140,000 · Ohio Statewide Dev Corp
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
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