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Property profile & analytics
FOR SALE
Office buildings
75 West 3Rd Ave Columbus, OH 43201
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2251730
For Sale
1 / 10
$750,000
75 West 3Rd Ave, Columbus, OH 43201
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1890
Construction
WOOD
Total area
2,903 SF
Lot
0.16 ac (6,839 SF)
APN
010-003629
UPID
US66-2251730
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
$600k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$642k
Blend (final)
Blend
$600k
Owner & transaction history
1088 N High LLC · 2 yrs held
1088 N High LLC
since 2024
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$470,000
+13.3%
Auto repair, garage
$460,000
+11.1%
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$415,000
Current use
COMMERCIAL (GENERAL)
$470,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$460,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$390,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Mar 28 2024)
Last sale anchor
$600k
Mar 28 2024
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
$207 / 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
$14,983
Tax year 2023
Assessed value
$205,110
Assessed 2023
Previous assessed
$197,240
+4.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$47,920
Assessed improvement
$157,190
Land market value
$136,900
Improvement market value
$449,100
Total market value
$586,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1890
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
2,903 SF
Lot
0.16 ac (6,839 SF)
APN
010-003629
UPID
US66-2251730
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
$415,000
COMMERCIAL (GENERAL)
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$460,000
MEDICAL BUILDING
Est. value
$390,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1890
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
1088 N High LLC
Entity
Mailing address
75 W 3RD AVE, COLUMBUS, OH 43201-3208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2024
$600,000
1088 N High LLC
75 West Third Avenue LLC
Limited Warranty Deed
—
Feb 24, 2016
$502,500
75 West Third Avenue LLC
The Rosenberg Family LLC
Warranty Deed
$251,250 · Columbus First Bank
May 19, 2004
$146,500
Rosenberg Family LLC
Doctors Ohio Health Corp
Grant Deed
$240,000 · Sky Bank
Dec 10, 1998
$2,862,900
Doctors Ohiohealth Corp
Doctors Hospital
Grant Deed
related
—
—
—
75 West Third Avenue LLC
—
Deed Of Trust
related
$208,000 · Community Dev Commission
—
—
Rosenberg Family LLC
—
Deed Of Trust
related
$188,000 · Perpetual Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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