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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office Spaces
68 High St Bldg B, New Albany, OH 43054-7160
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-4288939
Property summary
AI-generated overview
This exceptional New Albany, Ohio commercial property, located at 68 N High Street (APN 222-003545-00), offers a unique opportunity for businesses seeking high visibility and convenient access. The Georgian-brick building boasts 3,240 square feet of space, currently configured as a single-tenant occupancy. A significant portion, 2,090 square feet, is immediately available. The property features excellent roadside frontage on North High Street, directly across from New Albany Elementary Schools, ensuring high traffic and easy client accessibility. Its location also provides proximity to local amenities such as Eagles Pizza. The lot size is 0.07 acres. The building is ideal for medical, financial, or upscale general office use. For qualified tenants, the owner is offering a tenant improvement (TI) package including new LED lighting, fresh paint, and luxury vinyl plank/carpet installation as needed. While the owner will not undertake extensive remodeling, this attractive TI allowance allows for customization to suit specific business needs. The owner may consider leasing the entire 3,240 square foot building. This property presents a compelling opportunity for a business seeking a prominent location in a thriving community.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2005
Construction
WOOD
Total area
6,480 SF
Lot
0.07 ac (3,136 SF)
APN
222-003546
UPID
US66-4288939
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
-
New Albany Family Dentistry Dental Office
-
New Albany Health Associates Medical Clinic
-
Columbus Investment Advisory Financial Advisor
-
Five Star Group General Contractor
-
Kimberly Joy Brown, Platinum Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$685k
Owner & transaction history
Shockey Properties LLC · 8 yrs held
Shockey Properties LLC
since 2018
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+20.0%
Neighborhood: shopping center
$1.1M
+19.4%
Medical building
$975,000
+9.4%
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 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
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
$890,000
Current use
AUTO REPAIR, GARAGE
$1,070,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,065,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$975,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$940,000
Change: +5% · Conversion: Easy
RETAIL STORES
$810,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$106 / 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
$27,928
Tax year 2023
Assessed value
$353,990
Assessed 2023
Previous assessed
$282,490
+25.3% YoY
Effective rate
7.89%
On assessed value
Assessed land
$45,920
Assessed improvement
$308,070
Land market value
$131,200
Improvement market value
$880,200
Total market value
$1,011,400
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
6,480 SF
Lot
0.07 ac (3,136 SF)
APN
222-003546
UPID
US66-4288939
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
$890,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$975,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$940,000
RETAIL STORES
Est. value
$810,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Shockey Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
11 2ND ST, NEW ALBANY, OH 43054-9784
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2018
—
Shockey Properties LLC
North High Place Ltd
Quit Claim Deed
related
—
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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