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Property profile & analytics
FOR LEASE
Medical Office Space
615 Copeland Mill Rd Westerville, OH 43081
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-2115808
For Lease
Contact for pricing
615 Copeland Mill Rd, Westerville, OH 43081
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
WOOD
Total area
19,482 SF
Lot
1.29 ac (56,105 SF)
APN
080-008927
UPID
US66-2115808
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
-
Block Advisors Tax Preparation
-
RE/MAX Associates Realty - The Burton Team Real Estate Agency
-
Paula Egbert, RE/MAX Associates Realty Real Estate Agency
-
Ohio OMS Dental Office
-
Ohio Oral & Maxillofacial Surgery, Terry D. Olejko, D.D.S., M.S.- Westerville Location Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.51M
CAP Approach
CAP
$2.97M
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.40M
Owner & transaction history
Columbus Mop LLC · 5 yrs held
Columbus Mop LLC
since 2020
Last sale
$3.4M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,685,000
ML approach
$3,510,000
CAP Approach
CAP Return
Estimation
6%
$3,215,000
6.5%
$2,965,000
7%
$2,755,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,360,000
Current use
AUTO REPAIR, GARAGE
$3,210,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,195,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,825,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$3.40M
Range $3.06M – $3.73M · ±10% · vs last sale $3.40M (Aug 27 2020)
Last sale anchor
$3.40M
Aug 27 2020
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
$174 / 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
$63,403
Tax year 2023
Assessed value
$771,820
Assessed 2023
Previous assessed
$392,010
+96.9% YoY
Effective rate
8.21%
On assessed value
Assessed land
$113,890
Assessed improvement
$657,930
Land market value
$325,400
Improvement market value
$1,879,800
Total market value
$2,205,200
Applied tax rate
80.0000
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
For Lease
Year built
1984
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
19,482 SF
Lot
1.29 ac (56,105 SF)
APN
080-008927
UPID
US66-2115808
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
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Columbus Mop LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4200 S HULEN ST STE #410, FORT WORTH, TX 76109-4981
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2020
$3,396,700
Columbus Mop LLC
575 Copeland Mill LLC
Grant Deed
—
Dec 11, 2002
$6,850,000
575 Copeland Mill Drive LLC
Hatch,lowell H & Margaret M
Grant Deed
$5,480,000 · Unizan Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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