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Property profile & analytics
OFF-MARKET
Estimated value
$24,105,000
Distribution centers
6054 Shook Rd Lockbourne, OH 43137-9274
Entity Owned
~
Est. High Equity
Property ID
US66-5274929
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2015
Total area
268,952 SF
Lot
26.36 ac (1,148,285 SF)
APN
495-297252
UPID
US66-5274929
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
$32.39M
Blend (final)
Blend
$24.11M
Owner & transaction history
Np Heartland 1 LLC
Np Heartland 1 LLC
since 2025
Last sale
$25.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$39.0M
+72.1%
Office building
$37.0M
+63.2%
Retail stores
$33.6M
+48.4%
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 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
WAREHOUSE, STORAGE
$22,650,000
Current use
APARTMENT HOUSE (5+ UNITS)
$38,985,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$36,965,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$33,610,000
Change: +48% · Conversion: Moderate
Blend value · Realmo final
$24.11M
Range $21.69M – $26.52M · ±10% · vs last sale $25.80M (Dec 12 2025)
Last sale anchor
$25.80M
Dec 12 2025
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
$90 / 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
$75,690
Tax year 2023
Assessed value
$6,699,810
Assessed 2023
Previous assessed
$6,677,030
+0.3% YoY
Effective rate
1.13%
On assessed value
Assessed land
$736,750
Assessed improvement
$5,963,060
Land market value
$2,105,000
Improvement market value
$17,037,300
Total market value
$19,142,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2015
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
268,952 SF
Lot
26.36 ac (1,148,285 SF)
APN
495-297252
UPID
US66-5274929
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
WAREHOUSE, STORAGE Current
Est. value
$22.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$39.0M
OFFICE BUILDING
Est. value
$37.0M
RETAIL STORES
Est. value
$33.6M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
2015
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
26.36 ac
Current owner
From public records · entity-resolved
Np Heartland 1 LLC
Entity
Mailing address
325 JOHN H MCCONNELL BLVD STE #450, COLUMBUS, OH 43215-2867
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
$25,800,000
Np Heartland 1 LLC
6054 Shook Road LLC
Deed
$120,450,000 · Jackson National Life Insurance Com
Oct 23, 2020
—
Mace Pinchal
—
Deed
related
$127,700,000 · Miscellaneous Ins Co
Dec 6, 2019
—
6054 Shook Road LLC
—
Loan Modification
related
$111,700,000 · Miscellaneous Ins Co
May 8, 2017
$15,897,800
6054 Shook Road LLC
Pizzuti Of Creekside Xx LLC
Grant Deed
$11,525,567 · Miscellaneous Ins Co
Feb 24, 2017
—
City Of Columbus Ohio
Pizzuti Of Creekside Xx LLC
Warranty Deed
—
Feb 9, 2017
—
Franklin Cnty Commissioners
Pizzuti Of Creekside Xx LLC
Quit Claim Deed
related
—
—
—
Mace Pinchal
—
Loan Modification
related
$127,700,000 · Miscellaneous Ins Co
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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