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Property profile & analytics
OFF-MARKET
Estimated value
$3,545,000
Flex space
670 Harmon Ave Columbus, OH 43223-2450
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0161890
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1961
Total area
40,000 SF
Lot
2.25 ac (98,097 SF)
APN
010-076934
UPID
US66-0161890
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
-
L A Catering Take-out & Catering Catering Service
-
Meals On Wheels Social Service Agency Charitable Organization
-
Vantasy Designs Artist
-
Project Openhand Columbus Charitable Organization Social Service Agency
-
Food Distribution Center - Project Open Hand Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$4.39M
Blend (final)
Blend
$3.55M
Owner & transaction history
Lifecare Alliance · 19 yrs held
Lifecare Alliance
since 2007
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.8M
+76.1%
Office building
$5.7M
+73.4%
Medical building
$5.4M
+64.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,635,000
6.5%
$2,435,000
7%
$2,260,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,290,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,800,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$5,710,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$5,400,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,325,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$4,295,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,820,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$3.55M
Range $3.19M – $3.90M · ±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
$89 / 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
$11,781
Tax year 2023
Assessed value
$1,072,120
Assessed 2023
Previous assessed
$1,069,920
+0.2% YoY
Effective rate
1.10%
On assessed value
Assessed land
$43,330
Assessed improvement
$1,028,790
Land market value
$123,800
Improvement market value
$2,939,400
Total market value
$3,063,200
Applied tax rate
10.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1961
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
40,000 SF
Lot
2.25 ac (98,097 SF)
APN
010-076934
UPID
US66-0161890
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
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
RETAIL STORES
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1961
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
Lifecare Alliance
Individual
Mailing address
1699 W MOUND ST, COLUMBUS, OH 43223-1809
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2007
$1,000,000
Lifecare Alliance
Fenwick LLC
Warranty Deed
$3,500,000 · The Huntington National Bank
Dec 28, 2001
—
Fenwick LLC
Kreber Land Development Co
Grant Deed
related
—
—
—
Kreber Land Dev Co
—
Deed Of Trust
related
$485,156 · Commerce 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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