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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Office buildings
650 Shawan Fls Dr Dublin, OH 43017-2100
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1738565
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
12,509 SF
Lot
0.95 ac (41,295 SF)
APN
273-002485
UPID
US66-1738565
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
-
Dr. Gerald M. Penn, MD Physician
-
Landis Sarah Physician
-
Affiliated Dermatology: Scarborough Dwight A MD Physician Medical Clinic
-
Rogachefsky Arlene MD Physician Medical Clinic
-
Affiliated Dermatology: Kockentiet Brett MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.18M
Owner & transaction history
City Of Dublin · 3 yrs held
City Of Dublin
since 2022
Last sale
$11,050
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+56.7%
Apartment house (5+ units)
$1.8M
+51.1%
Retail stores
$1.6M
+30.2%
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 Dublin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dublin 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
OFFICE BUILDING
$1,200,000
Current use
MEDICAL BUILDING
$1,880,000
Change: +57% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,815,000
Change: +51% · Conversion: Easy
RETAIL STORES
$1,565,000
Change: +30% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,255,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $11k (Oct 4 2022)
Last sale anchor
$11k
Oct 4 2022
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
$94 / 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
$45,390
Tax year 2023
Assessed value
$507,610
Assessed 2023
Previous assessed
$423,510
+19.9% YoY
Effective rate
8.94%
On assessed value
Assessed land
$128,100
Assessed improvement
$379,510
Land market value
$366,000
Improvement market value
$1,084,300
Total market value
$1,450,300
Applied tax rate
273.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
12,509 SF
Lot
0.95 ac (41,295 SF)
APN
273-002485
UPID
US66-1738565
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
OFFICE BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
City Of Dublin
Entity
Mailing address
4429 SMT VW RD, DUBLIN, OH 43016-9525
Ownership since
2022
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
Oct 4, 2022
$11,050
City Of Dublin
Biscar Properties LLC
Warranty Deed
—
Nov 17, 1998
$1,175,000
Biscar Properties LLC
Dublin Falls Co Pll
Grant Deed
$250,000 · Key Bank Fsb
Nov 17, 1998
—
Biscar Properties LLC
—
Deed Of Trust
related
$1,000,000 · Key Bank NA
Sep 18, 1997
$960,000
Dublin Falls Co
Verma,deshpal S & Indra
Grant Deed
$1,000,000 · Bank One NA
—
—
Biscar Properties LLC
—
Deed Of Trust
related
$175,250 · Key Bank NA
—
—
Biscar Properties LLC
—
Deed Of Trust
related
$80,250 · Key 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.
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