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Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Office buildings
77-83 4th St Columbus, OH 43215
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1153385
Property summary
AI-generated overview
This 2,965-square-foot office space, located at 77-83 S 4th St in Columbus, Ohio's Downtown CBD submarket, is available for lease. Situated in a three-story, 17,588-square-foot building constructed in 1915 and renovated in 2024, this space offers a modern, open-concept layout ideal for various business needs. The building is classified as Class B and features one elevator. The space includes a kitchenette, four private offices, and basement storage. High ceilings and exposed ductwork contribute to a stylish and functional atmosphere. Access is provided 24/7 via mobile key entry. The property sits on a 0.18-acre lot (APN: 010-038013-00) and is zoned as Downtown District (DD). Three parking spaces are available. The convenient location offers exceptional walkability to numerous amenities, including restaurants (House Taco, 4th and State Diner), a barber shop (Grayscale Barber), the Athletic Club, the Capital Building, and the Sheraton Starbucks. The cross street is E State Street, and the zip code is 43215. This space is part of a multi-tenant building with a minimum divisible space of 2,965 square feet, and the maximum contiguous space available is also 2,965 square feet. Currently, 2,965 square feet is vacant.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1915
Total area
17,588 SF
Lot
0.14 ac (6,011 SF)
APN
010-038013
UPID
US66-1153385
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
$2.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.11M
Owner & transaction history
Npa Housing Property LLC · 3 yrs held
Npa Housing Property LLC
since 2023
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+12.0%
Apartment house (5+ units)
$2.6M
+2.3%
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
$2,140,000
ML approach
$2,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,490,000
Current use
AUTO REPAIR, GARAGE
$2,790,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,550,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$2,375,000
Change: -5% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,070,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.11M
Range $1.90M – $2.32M · ±10% · vs last sale $2.08M (Jun 20 2023)
Last sale anchor
$2.08M
Jun 20 2023
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
$120 / 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
$40,864
Tax year 2023
Assessed value
$559,410
Assessed 2023
Previous assessed
$499,450
+12.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$215,010
Assessed improvement
$344,400
Land market value
$614,300
Improvement market value
$984,000
Total market value
$1,598,300
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 (MULTI-STORY)
Status
Off-Market
Year built
1915
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
17,588 SF
Lot
0.14 ac (6,011 SF)
APN
010-038013
UPID
US66-1153385
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
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1915
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Npa Housing Property LLC
Entity
Mailing address
738 OAK ST, COLUMBUS, OH 43205-1012
Ownership since
2023
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 20, 2023
$2,075,000
Npa Housing Property LLC
Lilium Partners Ltd
Limited Warranty Deed
$975,000 · Park National Bank
Apr 8, 2016
$1,297,300
Lilium Partners Ltd
Whipkey,e Hale JR
Warranty Deed
—
Feb 11, 2014
—
E Hale Whipkey
Urban Services
Quit Claim Deed
related
—
Oct 6, 2006
—
Concord Grapes Ltd
—
Trustees Deed
related
$75,000 · Leigh Investments INC
Jul 8, 2004
—
Concord Grapes Ltd
Concord Grapes Ltd
Quit Claim Deed
related
—
Aug 3, 2001
$850,000
Lilly Building LLC
Barkan State & Fourth
Grant Deed
$1,200,000 · Sky Bank
—
—
Concord Grapes Ltd Urban Svcs
—
Deed Of Trust
related
$65,000 · Leigh Investments INC
—
—
Lilly Building
—
Deed Of Trust
related
$77,000 · Skybank
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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