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Property profile & analytics
OFF-MARKET
Estimated value
$330,000
Retail space
5700 Hamilton Rd New Albany, OH 43054
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US66-4548542
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
6,308 SF
Lot
0.84 ac (36,373 SF)
APN
545-287236
UPID
US66-4548542
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
by Request
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$330k
Owner & transaction history
Vsm Parsons Ltd · 16 yrs held
Vsm Parsons Ltd
since 2009
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+31.9%
Neighborhood: shopping center
$1.0M
+31.3%
Medical building
$950,000
+20.4%
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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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
RETAIL STORES
$790,000
Current use
AUTO REPAIR, GARAGE
$1,040,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,035,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$950,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$915,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$865,000
Change: +10% · Conversion: Easy
COMMERCIAL (GENERAL)
$635,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$330k
Range $297k – $363k · ±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
$52 / 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
$44,250
Tax year 2023
Assessed value
$594,860
Assessed 2023
Previous assessed
$442,720
+34.4% YoY
Effective rate
7.44%
On assessed value
Assessed land
$184,590
Assessed improvement
$410,270
Land market value
$527,400
Improvement market value
$1,172,200
Total market value
$1,699,600
Applied tax rate
545.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
6,308 SF
Lot
0.84 ac (36,373 SF)
APN
545-287236
UPID
US66-4548542
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
RETAIL STORES Current
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$950,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$915,000
OFFICE BUILDING
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$635,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Vsm Parsons Ltd
Individual
Mailing address
500 TRILLIUM DR, GALLOWAY, OH 43119-8397
Ownership since
2009
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
Mar 31, 2026
—
Vsm Parsons Ltd
—
Deed
related
$500,000 · The Middlefield Banking Co
Nov 20, 2019
—
Vsm Parsons LLC
—
Deed
related
$250,000 · Liberty National Bank
Nov 21, 2018
—
Vsm Parsons Ltd
—
Deed
related
$250,000 · Liberty National Bank
Nov 12, 2009
$1,690,000
Vsm Parsons Ltd
Wxz Retail Group Of Hamilton LLC
Grant Deed
—
Aug 8, 2008
$650,000
Wxz Retail Group/hamilton LLC
Hamilton II Retail LLC
Warranty Deed
$1,614,000 · Integra Bank NA
—
—
Wxz Retail Group Of Hamilton LLC
—
Deed Of Trust
related
$1,490,000 · Aap Trillium
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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