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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Warehouses
6403 Nicholas Dr Columbus, OH 43235-5204
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-6123986
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Total area
6,000 SF
Lot
1.14 ac (49,746 SF)
APN
610-201962
UPID
US66-6123986
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
-
Next Day Signs (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$640k
Owner & transaction history
6403 Nicholas Dr LLC · 2 yrs held
6403 Nicholas Dr LLC
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$950,000
+86.9%
Apartment house (5+ units)
$870,000
+70.8%
Medical building
$810,000
+59.1%
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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
$400,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$510,000
Current use
AUTO REPAIR, GARAGE
$950,000
Change: +87% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$870,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$810,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$645,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$107 / 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
$29,823
Tax year 2023
Assessed value
$330,440
Assessed 2023
Previous assessed
$291,800
+13.2% YoY
Effective rate
9.03%
On assessed value
Assessed land
$105,210
Assessed improvement
$225,230
Land market value
$300,600
Improvement market value
$643,500
Total market value
$944,100
Applied tax rate
610.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
6,000 SF
Lot
1.14 ac (49,746 SF)
APN
610-201962
UPID
US66-6123986
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
$510,000
AUTO REPAIR, GARAGE
Est. value
$950,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$870,000
MEDICAL BUILDING
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
RETAIL STORES
Est. value
$645,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.14 ac
Current owner
From public records · entity-resolved
6403 Nicholas Dr LLC
Entity
Mailing address
120 TYLER PL, JOHNSTOWN, OH 43031-8430
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
6403 Nicholas Dr LLC
Matthews Holding Group LLC
Warranty Deed
$450,000 · Park National Bank
Sep 2, 2020
$34,000
Matthews Holding Group LLC
Nicholas Drive LLC
Warranty Deed
—
Dec 5, 2006
$689,000
Kindell Matthews Group LLC
Kv One Ltd
Warranty Deed
$634,000 · Benchmark Bank
May 5, 1997
$102,000
K V One Ltd
Lgel,william P
Grant Deed
$297,000 · Fifth Third Bank Columbus
—
—
Kindell Matthews Group LLC
—
Deed Of Trust
related
$502,162 · Huntington National Bank
—
—
Kindell Of Matthews Group LLC
—
Deed Of Trust
related
$400,000 · Huntington 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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