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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Day care centers
561 Westar Blvd, Westerville, OH 43082-7806
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1106171
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2010
Total area
10,741 SF
Lot
1.79 ac (77,972 SF)
APN
318-444-01-002-000
UPID
US66-1106171
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
-
Primrose School at Polaris Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$530k
Owner & transaction history
L & A Constructive Development II L · 3 yrs held
L & A Constructive Development II L
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$835,000
+45.9%
Warehouse, storage
$710,000
+24.3%
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 Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville 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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$575,000
Current use
APARTMENT HOUSE (5+ UNITS)
$835,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$710,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$49 / 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
$56,108
Tax year 2023
Assessed value
$687,970
Assessed 2023
Previous assessed
$573,580
+19.9% YoY
Effective rate
8.16%
On assessed value
Assessed land
$327,500
Assessed improvement
$360,470
Land market value
$935,700
Improvement market value
$1,029,900
Total market value
$1,965,600
Applied tax rate
49.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2010
Heating
YES
Cooling
YES
Stories
1
Total area
10,741 SF
Lot
1.79 ac (77,972 SF)
APN
318-444-01-002-000
UPID
US66-1106171
Jurisdiction
DELAWARE
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$575,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$835,000
WAREHOUSE, STORAGE
Est. value
$710,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2010
Heating
YES
Cooling
Yes
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
L & A Constructive Development II L
Entity
Free & Clear · 3 yrs held
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2023
—
L & A Constructive Development II L
Rl & L Real Estate LLC
Lease
—
Aug 4, 2022
—
561 Westar LLC
Rl & L Real Estate LLC
Warranty Deed
$3,408,000 · The Richwood Banking Co
Mar 7, 2018
—
Rl & L Real Estate LLC
—
Deed
related
$3,150,000 · S&t Bk
Sep 14, 2011
—
Rl & L Real Estate LLC
—
Deed Of Trust
related
$1,236,000 · Community Capital Dev Corp
Jun 28, 2010
$619,000
Rl & L Real Estate LLC
Primrose School Franchising Company
Corporation Deed
$1,750,000 · Peoples Bank NA
Jun 28, 2010
—
Rl & L Real Estate LLC
—
Deed Of Trust
related
$1,225,000 · Peoples Bank & Trust
Nov 26, 2008
$625,000
Primrose Sch Franchising Co
J & G Farms
Warranty Deed
—
Jun 23, 2008
$541,500
Sleep Ohio Ltd
J & G Farms
Warranty Deed
$412,500 · Advantage Bank Fsb
May 29, 2008
—
Transactional Dev Services LLC
J & G Farms
Warranty Deed
—
Oct 4, 2007
$11,644,900
Liebert Corp
Duke Realty Oh
Grant Deed
—
—
—
Rl & L Real Estate LLC
—
Deed Of Trust
related
$3,150,000 · S&t Bk
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.
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