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Property profile & analytics
OFF-MARKET
Estimated value
$2,360,000
Industrial properties
6235 Westerville Rd, Westerville, OH 43081-4041
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-3225937
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Total area
22,500 SF
Lot
21.11 ac (919,334 SF)
APN
600-104693
UPID
US66-3225937
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
-
Kokosing Construction Company Corporate Office
-
Kokosing Industrial, Inc. Corporate Headquarters Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$2.36M
Owner & transaction history
Kokosing Construction Co INC · 7 yrs held
Kokosing Construction Co INC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+114.4%
Auto repair, garage
$3.7M
+105.1%
Neighborhood: shopping center
$3.7M
+104.0%
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
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
INDUSTRIAL (GENERAL)
$1,810,000
Current use
MEDICAL BUILDING
$3,880,000
Change: +114% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,710,000
Change: +105% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,690,000
Change: +104% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,260,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$2,810,000
Change: +55% · Conversion: Moderate
OFFICE BUILDING
$2,790,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.60M · ±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
$105 / 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
$379,736
Tax year 2023
Assessed value
$5,468,720
Assessed 2023
Previous assessed
$5,102,200
+7.2% YoY
Effective rate
6.94%
On assessed value
Assessed land
$354,550
Assessed improvement
$5,114,170
Land market value
$1,013,000
Improvement market value
$14,611,900
Total market value
$15,624,900
Applied tax rate
600.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2001
Heating
YES
Cooling
NONE
Buildings
4
Stories
1
Total area
22,500 SF
Lot
21.11 ac (919,334 SF)
APN
600-104693
UPID
US66-3225937
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE 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
2001
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
21.11 ac
Current owner
From public records · entity-resolved
Kokosing Construction Co INC
Entity
Free & Clear · 7 yrs held
Mailing address
17531 WATERFORD RD, FREDERICKTOWN, OH 43019-9561
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2019
$1,307,400
Kokosing Construction Co INC
Third Gen INC
Warranty Deed
—
Aug 24, 2005
$500,000
Shelly Materials INC
Third Gen INC
Warranty Deed
—
Aug 24, 2005
$625,000
Scioto Materials LLC
Third Gen INC
Warranty Deed
—
Aug 24, 2005
—
Scioto Materials LLC
Shelly Materials INC
Warranty Deed
related
—
Jun 20, 2005
—
City Of Columbus Ohio
Third Gen INC
Warranty Deed
—
Nov 9, 2000
$432,000
Shelly Materials INC
Kokosing Construction Co INC
Grant Deed
—
Apr 20, 1999
$1,350,000
Kokosing Construction Co
Westerville Industrial Park
Trustees Deed
—
Apr 20, 1999
$2,400,000
Kokosing Construction Co
Westerville Industrial Park
Trustees Deed
—
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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