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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Medical Office Space
568 Cleveland Ave Westerville, OH 43081-8970
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2245930
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
WOOD
Total area
8,834 SF
Lot
0.97 ac (42,210 SF)
APN
080-008437
UPID
US66-2245930
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
-
Francine Pulver, MD Physician
-
Stanko Robin G MD Physician
-
Stephen Woods, MD Physician
-
Megan Pratt CNP Physician
-
James Natalie, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.19M
Owner & transaction history
Mvp Westerville Re LLC · 2 yrs held
Mvp Westerville Re LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,185,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,345,000
7%
$1,250,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,525,000
Current use
AUTO REPAIR, GARAGE
$1,455,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,450,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,280,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.19M (May 29 2024)
Last sale anchor
$1.19M
May 29 2024
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
$134 / 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
$36,340
Tax year 2023
Assessed value
$442,370
Assessed 2023
Previous assessed
$442,370
+0.0% YoY
Effective rate
8.21%
On assessed value
Assessed land
$177,280
Assessed improvement
$265,090
Land market value
$506,500
Improvement market value
$757,400
Total market value
$1,263,900
Applied tax rate
80.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
8,834 SF
Lot
0.97 ac (42,210 SF)
APN
080-008437
UPID
US66-2245930
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
MEDICAL BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1981
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Mvp Westerville Re LLC
Entity
Mailing address
255 E BROWN ST STE #105, BIRMINGHAM, MI 48009-6207
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
$1,185,000
Mvp Westerville Re LLC
568 Cleveland Avenue LLC
Warranty Deed
—
Aug 15, 2017
—
568 Cleveland Avenue LLC
—
Deed
related
$620,000 · First City Bank
Sep 3, 2015
—
568 Cleveland Avenue LLC
568 Cleveland Co
Intrafamily Transfer
related
$500,000 · First City Bank
—
—
568 Cleveland Co
—
Deed Of Trust
related
$625,207 · First City Bank
—
—
568 Cleveland Co
—
Deed Of Trust
related
$700,000 · First City Savings Bank
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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