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Property profile & analytics
OFF-MARKET
Estimated value
$7,735,000
Warehouses
720 Lakeview Plz Blvd Worthington, OH 43085-4733
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1983745
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
24,764 SF
Lot
5.01 ac (218,323 SF)
Zoning code
680
APN
100-005940
UPID
US66-1983745
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
$7.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.74M
Owner & transaction history
Alp Arc II Lakeview Property Compan · 4 yrs held
Alp Arc II Lakeview Property Compan
since 2021
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
680 · Worthington, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+168.7%
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 Worthington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Worthington 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
$7,570,000
ML approach
$7,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,645,000
Change: +169% · Conversion: Difficult
Blend value · Realmo final
$7.74M
Range $6.96M – $8.51M · ±10% · vs last sale $8.04M (Nov 5 2021)
Last sale anchor
$8.04M
Nov 5 2021
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
$312 / 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
$116,397
Tax year 2023
Assessed value
$1,256,820
Assessed 2023
Previous assessed
$737,390
+70.4% YoY
Effective rate
9.26%
On assessed value
Assessed land
$365,960
Assessed improvement
$890,860
Land market value
$1,045,600
Improvement market value
$2,545,300
Total market value
$3,590,900
Applied tax rate
100.0000
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
1987
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
24,764 SF
Lot
5.01 ac (218,323 SF)
Zoning code
680
APN
100-005940
UPID
US66-1983745
Jurisdiction
FRANKLIN
Zoning & alternative use
680 · Worthington, OH
Zoning 680 · permitted uses
680 · Worthington, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Worthington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.6M
RESTAURANT
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
1987
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
5.01 ac
Current owner
From public records · entity-resolved
Alp Arc II Lakeview Property Compan
Entity
Mailing address
1600 MARKET ST STE #2600, PHILADELPHIA, PA 19103-7219
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
Alparc II Lakeview Operating Compan
—
Deed
related
$700,000 · Alp-arc II Lakeview Property Company LLC
Jun 12, 2025
—
Alp Arc IV Cramer Creek Prop Compan
—
Deed
related
$100,000 · Barclays Capital Real Estate INC
Nov 5, 2021
$8,041,800
Alp Arc II Lakeview Property Compan
Arepiii Ap Lakeview LLC
Limited Warranty Deed
$100,000 · Goldman Sachs Bank USA
Apr 23, 2020
$6,027,300
Arepiii Ap Lakeview LLC
Af1 Lakeview LLC
Limited Warranty Deed
$134,300,000 · Cit Bank NA
Jul 5, 2016
$4,000,000
Af1-lakeview LLC
Columbus Indl Owner I LLC
Grant Deed
$6,550,000 · Bank Of America
Jul 27, 2012
$1,926,000
Columbus Indl Owner I LLC
Ssc Lakeview Blvd LLC
Grant Deed
—
Aug 18, 2010
—
Ssc Lakeview Blvd LLC
Schottenstein Stores Corp
Warranty Deed
—
—
—
Columbus Indl Owner I LLC
—
Deed Of Trust
related
$31,000,000 · German American Capital Corp
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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