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Property profile & analytics
OFF-MARKET
Estimated value
$9,505,000
Warehouses
771 Dearborn Park Ln 777 Columbus, OH 43085-5720
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2338549
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
119,088 SF
Lot
9.3 ac (405,239 SF)
APN
610-218371
UPID
US66-2338549
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
-
B G Graphics Inc Marketing & Advertising Printing Service
-
BDI - Bearing Distributors Inc. Distribution Center Logistics Company
-
Clear Sky Communications Telecommunications Service Mobile Phone Store
-
CJS Heating and Air HVAC Service General Contractor
-
Sears Carpet Cleaning & Air Duct Cleaning Floor Refinishing Service Hvac Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.87M
CAP Approach
CAP
$8.80M
Comparable Approach
Comparable
$7.67M
Blend (final)
Blend
$9.51M
Owner & transaction history
Alp Arc II Dearborn Park Property C · 4 yrs held
Alp Arc II Dearborn Park Property C
since 2021
Last sale
$10.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.9M
+27.4%
Retail stores
$12.8M
+26.5%
Office building
$12.3M
+21.7%
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
$9,925,000
ML approach
$8,870,000
CAP Approach
CAP Return
Estimation
6%
$9,530,000
6.5%
$8,795,000
7%
$8,170,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,105,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,870,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$12,780,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$12,300,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$9.51M
Range $8.55M – $10.46M · ±10% · vs last sale $10.88M (Nov 5 2021)
Last sale anchor
$10.88M
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
$80 / 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
$238,181
Tax year 2023
Assessed value
$2,639,070
Assessed 2023
Previous assessed
$2,073,440
+27.3% YoY
Effective rate
9.03%
On assessed value
Assessed land
$794,360
Assessed improvement
$1,844,710
Land market value
$2,269,600
Improvement market value
$5,270,600
Total market value
$7,540,200
Applied tax rate
610.0000
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
1989
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
119,088 SF
Lot
9.3 ac (405,239 SF)
APN
610-218371
UPID
US66-2338549
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
WAREHOUSE, STORAGE Current
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.9M
RETAIL STORES
Est. value
$12.8M
OFFICE BUILDING
Est. value
$12.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE 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
1989
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
9.3 ac
Current owner
From public records · entity-resolved
Alp Arc II Dearborn Park Property C
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
Alp Arc II Dearboen Park Operating
—
Deed
related
$100,000 · Alp-arc II Dearborn Park Prop Co LLC
Jun 12, 2025
—
Alp Arc II Dearborn Park Prop Co Ll
—
Deed
related
$100,000 · German American Capital Corp
Nov 5, 2021
$10,883,400
Alp Arc II Dearborn Park Property C
Arepiii Ap Dearborn Park LLC
Limited Warranty Deed
$446,000,000 · Goldman Sachs Bank USA
Apr 23, 2020
$7,921,500
Arepiii Ap Dearborn Park LLC
Avistone Dearborn H LLC
Limited Warranty Deed
$134,300,000 · Cit Bank NA
Jul 8, 2016
$5,150,000
Avistone Dearborn H LLC
Columbus Indl Owner I LLC
Grant Deed
$3,530,000 · Bank Of America
Jul 8, 2016
$2,028,900
Dearborn Park 1 LLC
Avistone Dearborn S LLC
Grant Deed
$3,530,000 · Bank Of America
Jul 27, 2012
$2,178,000
Columbus Indl Owner I LLC
Ssc 771-777 Dearborn LLC
Grant Deed
—
Aug 18, 2010
—
Ssc 771-777 Dearborn 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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