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Property profile & analytics
OFF-MARKET
Estimated value
$3,755,000
Warehouses
6720 Commerce Ct Dr 6740 Blacklick, OH 43004-9200
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1702229
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
34,000 SF
Lot
5.53 ac (240,930 SF)
Zoning code
6720
APN
010-229135
UPID
US66-1702229
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
-
Alloy Wheel Repair Specialists of Columbus Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.72M
Blend (final)
Blend
$3.76M
Owner & transaction history
Commerce Pointe Phase 1 Ltd · 9 yrs held
Commerce Pointe Phase 1 Ltd
since 2016
5 recorded transactions
Zoning & alternative use
6720 · Blacklick, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.6M
+95.8%
Neighborhood: shopping center
$5.6M
+94.8%
Medical building
$5.1M
+78.6%
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 Blacklick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blacklick 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
$2,865,000
Current use
AUTO REPAIR, GARAGE
$5,605,000
Change: +96% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,575,000
Change: +95% · Conversion: Moderate
MEDICAL BUILDING
$5,115,000
Change: +79% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,930,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$4,675,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$4,250,000
Change: +48% · Conversion: Moderate
Blend value · Realmo final
$3.76M
Range $3.38M – $4.13M · ±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
$110 / 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
$91,824
Tax year 2023
Assessed value
$1,257,030
Assessed 2023
Previous assessed
$831,570
+51.2% YoY
Effective rate
7.30%
On assessed value
Assessed land
$232,720
Assessed improvement
$1,024,310
Land market value
$664,900
Improvement market value
$2,926,600
Total market value
$3,591,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
34,000 SF
Lot
5.53 ac (240,930 SF)
Zoning code
6720
APN
010-229135
UPID
US66-1702229
Jurisdiction
FRANKLIN
Zoning & alternative use
6720 · Blacklick, OH
Zoning 6720 · permitted uses
6720 · Blacklick, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blacklick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.7M
RETAIL STORES
Est. value
$4.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1996
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
5.53 ac
Current owner
From public records · entity-resolved
Commerce Pointe Phase 1 Ltd
Individual
Mailing address
2727 LYNDON B JOHNSON FWY, DALLAS, TX 75234-7334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Oct 4, 2016
—
Commerce Pointe Phase 1 Ltd
—
Deed
related
$10,750,000 · Miscellaneous Ins Co
Feb 2, 1998
—
Commerce Pointe Phase 1 Ltd
—
Grant Deed
related
$2,631,000 · Ohio Bank
Apr 29, 1997
—
Pointe Phase I Commerce
—
Deed Of Trust
related
$1,135,000 · Ohio Savings Bank
—
—
Commerce Pointe Phase 1 Ltd
—
Deed Of Trust
related
$5,250,000 · Ohio Bank
—
—
Commerce Pointe Phase 1 Ltd
—
Deed Of Trust
related
$10,750,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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