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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Medical Office Space
603 Waggoner Rd Blacklick, OH 43004-8241
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-1714076
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
WOOD
Total area
4,511 SF
Lot
0.67 ac (29,316 SF)
APN
515-242653
UPID
US66-1714076
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
-
Forche Law Law Firm
-
Smile Doctor by Rob Forche Orthodontics Dental Office
-
Smile Doctors Orthodontics - N. Waggoner Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$645k
Owner & transaction history
Kristal & Forche R & E LLC · 19 yrs held
Kristal & Forche R & E LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$745,000
+9.6%
Neighborhood: shopping center
$740,000
+9.1%
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 Blacklick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blacklick 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%
$745,000
6.5%
$685,000
7%
$640,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$680,000
Current use
AUTO REPAIR, GARAGE
$745,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$740,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: -9% · Conversion: Easy
RETAIL STORES
$565,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$143 / 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
$27,495
Tax year 2023
Assessed value
$428,760
Assessed 2023
Previous assessed
$277,730
+54.4% YoY
Effective rate
6.41%
On assessed value
Assessed land
$70,010
Assessed improvement
$358,750
Land market value
$200,000
Improvement market value
$1,025,000
Total market value
$1,225,000
Applied tax rate
515.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Rooms
6
Bathrooms
1
Total area
4,511 SF
Lot
0.67 ac (29,316 SF)
APN
515-242653
UPID
US66-1714076
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
MEDICAL BUILDING Current
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$745,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$740,000
OFFICE BUILDING
Est. value
$620,000
RETAIL STORES
Est. value
$565,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2006
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Rooms
6
Bathrooms
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Kristal & Forche R & E LLC
Entity
Mailing address
603 N WAGGONER RD, BLACKLICK, OH 43004-8241
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
Rfo Real Estate LLC
—
Deed
related
$866,117 · Premier Bank
Nov 20, 2006
—
Kristal & Forche R & E LLC
Forche,robert J
Quit Claim Deed
—
Oct 14, 2005
—
Forche,robert J
—
Trustees Deed
related
$850,000 · Commerce Nat'l Bk
Jan 12, 2005
$100,000
Forche,robert J
Recchie,joseph J SR & Martha A
Warranty Deed
—
Jun 9, 2003
—
Columbus City (oh)
Recchie,joseph J & Martha A
Grant Deed
related
—
Dec 30, 1999
$1,428,000
Lakeland Concorde Ptshp
Recchie,joseph J & Martha A
Grant Deed
$1,050,000 · Park National Bank
Aug 5, 1999
$40,000
Joseph J Recchie
Robert E Shannon Estate
Grant Deed
—
—
—
Joseph J Recchie
—
Deed Of Trust
related
$20,000 · Park National Bank
—
—
Joseph J Recchie
—
Deed Of Trust
related
$204,682 · Park National Bank
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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