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Property profile & analytics
OFF-MARKET
Estimated value
$3,850,000
Warehouses
6620 Busch Blvd 6680 Columbus, OH 43229-1125
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US66-1263066
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
51,912 SF
Lot
5.53 ac (240,843 SF)
Zoning code
6620
APN
610-122522
UPID
US66-1263066
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.85M
Owner & transaction history
Medary Apartments LLC · 12 yrs held
Medary Apartments LLC
since 2013
5 recorded transactions
Zoning & alternative use
6620 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.6M
+27.4%
Retail stores
$5.6M
+26.5%
Commercial (general)
$5.0M
+14.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,405,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,610,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$5,570,000
Change: +26% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,040,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$3.85M
Range $3.47M – $4.24M · ±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
$74 / 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
$116,788
Tax year 2023
Assessed value
$1,294,020
Assessed 2023
Previous assessed
$676,830
+91.2% YoY
Effective rate
9.03%
On assessed value
Assessed land
$295,050
Assessed improvement
$998,970
Land market value
$843,000
Improvement market value
$2,854,200
Total market value
$3,697,200
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
1978
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
51,912 SF
Lot
5.53 ac (240,843 SF)
Zoning code
6620
APN
610-122522
UPID
US66-1263066
Jurisdiction
FRANKLIN
Zoning & alternative use
6620 · Columbus, OH
Zoning 6620 · permitted uses
6620 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
RETAIL STORES
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1978
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
5.53 ac
Current owner
From public records · entity-resolved
Medary Apartments LLC
Entity
Mailing address
2154 E MAIN ST STE #301, COLUMBUS, OH 43209-2317
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2021
—
Medary Apartments LLC
—
Deed
related
$1,700,000 · Ohio State Bank
Dec 17, 2013
$1,425,000
Medary Apartments LLC
Kerbler Emil E Family Trust
Grant Deed
$1,140,000 · Arlington Bank
Jul 12, 2012
—
Kerbler Emil E Family Trust
Kerbler,emil E
Affidavit Of Death
related
—
—
—
Medary Apartments LLC
—
Deed Of Trust
related
$1,600,000 · Arlington Bk
—
—
Kerbler,tr
—
Deed Of Trust
related
$1,400,000 · Perpetual Savings 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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