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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Retail space
7145 State St Columbus, IN 47201-9632
Entity Owned
9-yr Hold
Free & Clear
Property ID
US31-1960186
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
WOOD
Total area
9,006 SF
Lot
4.84 ac (210,830 SF)
APN
03-86-03-000-001.900-004
UPID
US31-1960186
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
-
FedEx OnSite Postal Service Courier Service
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$950k
Blend (final)
Blend
$920k
Owner & transaction history
Jtt Ind LLC · 9 yrs held
Jtt Ind LLC
since 2017
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$745,000
+6.7%
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%
$960,000
6.5%
$885,000
7%
$820,000
Alternative Use
Use
Estimation
RETAIL STORES
$700,000
Current use
RESTAURANT
$745,000
Change: +7% · Conversion: Easy
MEDICAL BUILDING
$590,000
Change: -16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$575,000
Change: -18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$102 / 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
$14,855
Tax year 2023
Assessed value
$812,700
Assessed 2023
Previous assessed
$812,700
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$203,800
Assessed improvement
$608,900
Land market value
$203,800
Improvement market value
$608,900
Total market value
$812,700
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,006 SF
Lot
4.84 ac (210,830 SF)
APN
03-86-03-000-001.900-004
UPID
US31-1960186
Jurisdiction
BARTHOLOMEW
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
RETAIL STORES Current
Est. value
$700,000
RESTAURANT
Est. value
$745,000
MEDICAL BUILDING
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$565,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2016
Construction
WOOD
Heating
NONE
Stories
1
Lot
4.84 ac
Current owner
From public records · entity-resolved
Jtt Ind LLC
Entity
Free & Clear · 9 yrs held
Mailing address
6004 BROWNSBORO PARK BLVD STE A, LOUISVILLE, KY 40207-1297
Ownership since
2017
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 28, 2017
$12,092,750
Jtt Ind LLC
Curtis S Rafferty
Warranty Deed
—
Aug 29, 2016
—
Curtis S Rafferty
Francis Crider
Warranty Deed
—
May 6, 2016
—
Francis Crider
Robert Crider
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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