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Property profile & analytics
OFF-MARKET
Estimated value
$4,995,000
Retail space
5875 Evans Farm Dr Lewis Center, OH 43035-3557
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-4459861
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
47,589 SF
Lot
0.9 ac (39,204 SF)
APN
318-210-32-003-000
UPID
US66-4459861
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
$6.35M
Blend (final)
Blend
$5.00M
Owner & transaction history
Delaware County Finance Authority · 3 yrs held
Delaware County Finance Authority
since 2023
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.8M
+42.2%
Auto repair, garage
$7.0M
+26.8%
Warehouse, storage
$6.0M
+8.7%
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 Lewis Center submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewis Center 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
$5,505,000
Current use
MEDICAL BUILDING
$7,830,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,975,000
Change: +27% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,985,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$5,195,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$5.00M
Range $4.50M – $5.49M · ±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
$105 / 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
$392,598
Tax year 2023
Assessed value
$4,519,340
Assessed 2023
Previous assessed
$1,645,880
+174.6% YoY
Effective rate
8.69%
On assessed value
Assessed land
$94,500
Assessed improvement
$4,424,840
Land market value
$270,000
Improvement market value
$12,642,400
Total market value
$12,912,400
Applied tax rate
27.0000
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
2020
Heating
YES
Cooling
YES
Stories
3
Total area
47,589 SF
Lot
0.9 ac (39,204 SF)
APN
318-210-32-003-000
UPID
US66-4459861
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
RETAIL STORES Current
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.2M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2020
Heating
YES
Cooling
Yes
Stories
3
Lot
0.9 ac
Current owner
From public records · entity-resolved
Delaware County Finance Authority
Entity
Free & Clear · 3 yrs held
Mailing address
1816 N HIGH ST, COLUMBUS, OH 43201-1145
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
Townhomes At Evans Farm 1 LLC
—
Deed
related
$67,727,000 · Berkadia Commercial Mortgage LLC
Jul 6, 2023
—
Delaware County Finance Authority
Flats At Evans Farm 1 & 2 LLC
Lease
—
Sep 21, 2020
—
Flats At Evans Farm 1&2 LLC
—
Deed
related
$13,446,000 · First Financial Bank
Sep 14, 2020
—
Flats At Evans Farm 1 & 2 LLC
Bz Evans LLC
Warranty Deed
—
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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