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Property profile & analytics
OFF-MARKET
Estimated value
$15,220,000
Race tracks
6000 High St Lockbourne, OH 43137-9275
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-1411619
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
2012
Total area
117,410 SF
Lot
167.8 ac (7,309,194 SF)
APN
495-291118
UPID
US66-1411619
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
by Request
Blend (final)
Blend
$15.22M
Owner & transaction history
Scioto Downs INC · 22 yrs held
Scioto Downs INC
since 2003
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.7M
+22.1%
Auto repair, garage
$13.0M
+8.1%
Commercial (general)
$12.6M
+4.5%
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 Lockbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lockbourne 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
RECREATIONAL/ENTERTAINMENT (GENERAL)
$12,015,000
Current use
RESTAURANT
$14,670,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,990,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,555,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$12,155,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,735,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$9,750,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$15.22M
Range $13.70M – $16.74M · ±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
$130 / 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
$2,541,844
Tax year 2023
Assessed value
$28,384,620
Assessed 2023
Previous assessed
$25,675,270
+10.6% YoY
Effective rate
8.96%
On assessed value
Assessed land
$2,018,070
Assessed improvement
$26,366,550
Land market value
$5,765,900
Improvement market value
$75,333,000
Total market value
$81,098,900
Applied tax rate
495.0000
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
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
2012
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
117,410 SF
Lot
167.8 ac (7,309,194 SF)
APN
495-291118
UPID
US66-1411619
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$12.0M
RESTAURANT
Est. value
$14.7M
AUTO REPAIR, GARAGE
Est. value
$13.0M
COMMERCIAL (GENERAL)
Est. value
$12.6M
OFFICE BUILDING
Est. value
$12.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.7M
MEDICAL BUILDING
Est. value
$9.8M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2012
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
167.8 ac
Current owner
From public records · entity-resolved
Scioto Downs INC
Entity
Mailing address
PO BOX 543185, DALLAS, TX 75354-3185
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
Scioto Downs INC
—
Deed
related
$218,000,000 · Us Bank NA
Jul 31, 2023
—
Scioto Downs INC
—
Deed
related
—
Feb 16, 2021
—
Scioto Downs INC
—
Deed
related
$917,000,000 · Us Bank NA
Nov 6, 2020
—
Columbus Se Hotel Grp LLC
—
Deed
related
$10,725,000 · Fidelity Bk
Mar 19, 2010
—
Scioto Downs INC
—
Deed Of Trust
related
$20,000,000 · Aladdin Credit Advisors LP
Oct 13, 2009
—
Scioto Downs INC
—
Deed Of Trust
related
$20,000,000 · Wells Fargo Bank
Dec 30, 2008
—
Scioto Downs INC
—
Deed Of Trust
related
$110,000,000 · Wells Fargo Bank
Sep 27, 2006
—
Scioto Downs INC
—
Deed Of Trust
related
$20,000,000 · Wells Fargo Bank
Dec 29, 2005
—
Scioto Downs INC
—
Deed Of Trust
related
$35,000,000 · Wells Fargo Bank
Aug 8, 2003
—
Scioto Downs INC
Title Guaranty & Trust Co Ttee
Trustees Deed
$50,000,000 · Wells Fargo Bank Ttee
—
—
Columbus Southeast Hotel Group
—
Deed Of Trust
related
$10,725,000 · Fidelity Bk
—
—
Scioto Downs INC
—
Deed Of Trust
related
$565,000 · Wilmington Trust Co
—
—
Scioto Downs INC
—
Deed Of Trust
related
—
—
—
Scioto Downs INC
—
Deed Of Trust
related
$500,000 · National City Bank
—
—
Columbus Se Hotel Grp LLC
—
Deed Of Trust
related
$10,725,000 · Fidelity 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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