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Property profile & analytics
OFF-MARKET
Estimated value
$9,105,000
Office buildings
6005 Nacot Pl, New Albany, OH 43054-7189
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-4497451
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Total area
68,463 SF
Lot
8.76 ac (381,760 SF)
APN
222-004626
UPID
US66-4497451
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
$8.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.04M
Blend (final)
Blend
$9.11M
Owner & transaction history
6005 Nacot Place LLC · 2 yrs held
6005 Nacot Place LLC
since 2023
Last sale
$10.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.3M
+20.0%
Neighborhood: shopping center
$11.2M
+19.4%
Medical building
$10.3M
+9.4%
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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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
$8,995,000
ML approach
$8,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,410,000
Current use
AUTO REPAIR, GARAGE
$11,290,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,230,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$10,300,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,925,000
Change: +5% · Conversion: Easy
RETAIL STORES
$8,555,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$9.11M
Range $8.19M – $10.02M · ±10% · vs last sale $10.50M (Dec 29 2023)
Last sale anchor
$10.50M
Dec 29 2023
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
$133 / 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
$99,120
Tax year 2023
Assessed value
$4,645,800
Assessed 2023
Previous assessed
$3,790,090
+22.6% YoY
Effective rate
2.13%
On assessed value
Assessed land
$1,074,470
Assessed improvement
$3,571,330
Land market value
$3,069,900
Improvement market value
$10,203,800
Total market value
$13,273,700
Applied tax rate
222.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
68,463 SF
Lot
8.76 ac (381,760 SF)
APN
222-004626
UPID
US66-4497451
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
$9.4M
AUTO REPAIR, GARAGE
Est. value
$11.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.2M
MEDICAL BUILDING
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.9M
RETAIL STORES
Est. value
$8.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2014
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
8.76 ac
Current owner
From public records · entity-resolved
6005 Nacot Place LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6015 E WALNUT ST, WESTERVILLE, OH 43081-9620
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$105,000
6005 Nacot Place LLC
Nacot II LLC
Limited Warranty Deed
—
Nov 19, 2020
—
Lc Farms At New Albany Pk LLC
—
Deed Of Trust
related
$33,000,000 · Keybank USA
Dec 30, 2016
—
Nacot II LLC
—
Grant Deed
related
$6,731,250 · First Cmnwlt 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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