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Property profile & analytics
OFF-MARKET
Estimated value
$4,425,000
Commercial land
6525 New Albany E Rd, New Albany, OH 43054-8709
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1807276
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1998
Total area
211,795 SF
Lot
14.69 ac (639,896 SF)
APN
222-002127
UPID
US66-1807276
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
$4.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.06M
Blend (final)
Blend
$4.43M
Owner & transaction history
Edged Columbus LLC · 2 yrs held
Edged Columbus LLC
since 2024
Last sale
$4.4M
6 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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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
$4,425,000
ML approach
$4,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.43M
Range $3.98M – $4.87M · ±10% · vs last sale $4.42M (Jan 11 2024)
Last sale anchor
$4.42M
Jan 11 2024
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
$21 / 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
$114,981
Tax year 2023
Assessed value
$1,432,730
Assessed 2023
Previous assessed
$997,500
+43.6% YoY
Effective rate
8.03%
On assessed value
Assessed land
$1,432,730
Land market value
$4,093,500
Total market value
$4,093,500
Applied tax rate
222.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
YES
Total area
211,795 SF
Lot
14.69 ac (639,896 SF)
APN
222-002127
UPID
US66-1807276
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
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Cooling
Yes
Lot
14.69 ac
Current owner
From public records · entity-resolved
Edged Columbus LLC
Entity
Free & Clear · 2 yrs held
Mailing address
30 OLD KINGS HWY S #1005, DARIEN, CT 06820-4551
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
Oct 2, 2024
—
Edged Columbus LLC
—
Deed
related
$550,000 · Computershare Trust Company NA
Jan 11, 2024
$4,424,700
Edged Columbus LLC
New Albany Company LLC
Limited Warranty Deed
—
Dec 29, 2023
$4,424,700
Edged Columbus LLC
The New Albany Company LLC
Limited Warranty Deed
—
Jun 21, 2022
—
The Cornerstone Academy Community S
The New Albany Company LLC
Re-recorded Document
related
—
Oct 1, 2009
$1,894,200
New Albany Co LLC
Duke Realty Ohio
Grant Deed
—
Jan 4, 2008
$896,600
New Albany Co LLC
Duke Realty Ohio
Grant 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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