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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Office Spaces
5815 Westbourne Ave Columbus, OH 43213-1459
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2245978
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1997
Construction
WOOD
Total area
6,000 SF
Lot
0.16 ac (6,926 SF)
APN
010-254103
UPID
US66-2245978
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
-
BERNARD JOHN PALMA Physician
-
Robert Richards Physician
-
Dr. Steven Cox Physician
-
BrightView Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$955k
Owner & transaction history
Multicultural Alliance LLC · 1 yrs held
Multicultural Alliance LLC
since 2025
Last sale
$905,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+66.8%
Auto repair, garage
$950,000
+16.0%
Apartment house (5+ units)
$870,000
+6.0%
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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
$855,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,140,000
7%
$1,055,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$820,000
Current use
RESTAURANT
$1,370,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$950,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$870,000
Change: +6% · Conversion: Easy
MEDICAL BUILDING
$810,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $905k (May 20 2025)
Last sale anchor
$905k
May 20 2025
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
$159 / 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
$19,349
Tax year 2023
Assessed value
$264,880
Assessed 2023
Previous assessed
$231,530
+14.4% YoY
Effective rate
7.30%
On assessed value
Assessed land
$38,500
Assessed improvement
$226,380
Land market value
$110,000
Improvement market value
$646,800
Total market value
$756,800
Applied tax rate
10.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
6,000 SF
Lot
0.16 ac (6,926 SF)
APN
010-254103
UPID
US66-2245978
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
OFFICE BUILDING Current
Est. value
$820,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$950,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$870,000
MEDICAL BUILDING
Est. value
$810,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1997
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Multicultural Alliance LLC
Entity
Mailing address
5815 WESTBOURNE AVE, COLUMBUS, OH 43213-1459
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
$905,000
Multicultural Alliance LLC
Westbourne Properties LLC
Warranty Deed
$452,500 · Park National Bank
May 20, 2025
—
Multicultural Alliance LLC
—
Deed
related
$362,000 · Park National Bank
Jun 27, 2017
$630,000
Westbourne Properties LLC
Mesiba LLC
Warranty Deed
—
Oct 14, 2010
$320,000
Mesiba LLC
Cap Cit Ltd
Warranty Deed
$510,000 · First Bexley Bank
Sep 29, 2006
$850,000
Cap Cit Ltd
Westbourne Development Co Ltd
Corporation Deed
$1,360,000 · Us Bank NA
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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