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Property profile & analytics
OFF-MARKET
Estimated value
$3,810,000
Community centers
5926 Westerville Rd 5990 Westerville, OH 43081-4069
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-6088423
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1967
Total area
38,182 SF
Lot
11.11 ac (484,082 SF)
Zoning code
6000
APN
110-001556
UPID
US66-6088423
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
-
Larry B's Sports Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.19M
Blend (final)
Blend
$3.81M
Owner & transaction history
Amerititle Downtown LLC · 7 yrs held
Amerititle Downtown LLC
since 2019
6 recorded transactions
Zoning & alternative use
6000 · Westerville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.3M
+0.5%
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
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
NEIGHBORHOOD: SHOPPING CENTER
$6,265,000
Current use
AUTO REPAIR, GARAGE
$6,295,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,535,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.81M
Range $3.43M – $4.19M · ±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
$100 / 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
$112,673
Tax year 2023
Assessed value
$1,250,770
Assessed 2023
Previous assessed
$1,115,030
+12.2% YoY
Effective rate
9.01%
On assessed value
Assessed land
$290,890
Assessed improvement
$959,880
Land market value
$831,100
Improvement market value
$2,742,500
Total market value
$3,573,600
Applied tax rate
110.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1967
Heating
YES
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
38,182 SF
Lot
11.11 ac (484,082 SF)
Zoning code
6000
APN
110-001556
UPID
US66-6088423
Jurisdiction
FRANKLIN
Zoning & alternative use
6000 · Westerville, OH
Zoning 6000 · permitted uses
6000 · Westerville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
1967
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
11.11 ac
Current owner
From public records · entity-resolved
Amerititle Downtown LLC
Entity
Free & Clear · 7 yrs held
Mailing address
3440 SECOR RD, TOLEDO, OH 43606-1501
Ownership since
2019
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
Jun 23, 2022
—
Bib LLC
—
Deed
related
$5,200,000 · The Farmers & Merchants State Bank
Aug 13, 2019
—
Bijo LLC
—
Grant Deed
related
$5,000,000 · Farmers & Merchants St Bk
Apr 19, 2019
—
Amerititle Downtown LLC
Bijo LLC
Grant Deed
—
Nov 10, 2004
$4,450,000
Bijo LLC
Hk New Plan Glengary
Grant Deed
—
Jan 13, 2003
—
Hk New Plan Karl Plaza LP
Eig Columbus LLC
Quit Claim Deed
related
—
Jan 13, 2003
$4,111,300
Eig Columbus LLC
—
Trustees Deed
related
—
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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