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Property profile & analytics
OFF-MARKET
Estimated value
$4,925,000
Manufacturing properties
5761 Shier Rings Rd Dublin, OH 43016-1233
Entity Owned
1-yr Hold
Property ID
US66-1252398
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Total area
62,896 SF
Lot
22.31 ac (971,693 SF)
APN
273-005320
UPID
US66-1252398
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
-
Hidaka Usa, Inc. Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.54M
Blend (final)
Blend
$4.93M
Owner & transaction history
Hidaka USA INC · 1 yrs held
Hidaka USA INC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.9M
+55.4%
Office building
$6.6M
+29.6%
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 Dublin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dublin 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)
$5,055,000
Current use
RETAIL STORES
$7,860,000
Change: +55% · Conversion: Moderate
OFFICE BUILDING
$6,555,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$4.93M
Range $4.43M – $5.42M · ±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
$78 / 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
$212,816
Tax year 2023
Assessed value
$2,379,970
Assessed 2023
Previous assessed
$1,797,190
+32.4% YoY
Effective rate
8.94%
On assessed value
Assessed land
$607,570
Assessed improvement
$1,772,400
Land market value
$1,735,900
Improvement market value
$5,064,000
Total market value
$6,799,900
Applied tax rate
273.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1990
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
62,896 SF
Lot
22.31 ac (971,693 SF)
APN
273-005320
UPID
US66-1252398
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
RETAIL STORES
Est. value
$7.9M
OFFICE BUILDING
Est. value
$6.6M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
1990
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
22.31 ac
Current owner
From public records · entity-resolved
Hidaka USA INC
Entity
Mailing address
5761 SHIER RINGS RD, DUBLIN, OH 43016-1233
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
—
Hidaka USA INC
—
Deed
related
$5,600,000 · Briar Capital Real Estate Fund LLC
May 3, 2021
—
Hidaka USA INC
—
Deed
related
$4,200,000 · First Merchants Bank
Dec 3, 2020
—
Hidaka USA INC
—
Deed
related
$5,420,000 · Pnc Bk
Mar 10, 2020
—
Hidaka USA INC
—
Deed
related
$2,500,000 · Pnc Bank NA
Dec 4, 2018
—
Hidaka USA INC
—
Deed
related
$2,500,000 · Pnc Bk
—
—
Hidaka USA INC
—
Deed Of Trust
related
$2,500,000 · Pnc Bk
—
—
Hidaka USA INC
—
Deed Of Trust
related
$1,200,000 · Director Of Dev
—
—
Hidaka USA INC
—
Loan Modification
related
$5,420,000 · Pnc Bk
—
—
Hidaka USA INC
—
Loan Modification
related
$5,420,000 · Pnc 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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