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Property profile & analytics
OFF-MARKET
Estimated value
$8,680,000
Office buildings
7991 Columbus Pike, Lewis Center, OH 43035-9611
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US66-5833806
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
51,650 SF
Lot
1.49 ac (64,817 SF)
APN
318-234-04-003-500
UPID
US66-5833806
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
-
Delaware County Board of Developmental Disabilities County Government Office
-
Special Olympics of Delaware County Association Or Organization
-
Orange 23 Grocery & Convenience Store Food Market
-
Delaware County Board of Developmental Disabilities Community center Community Center
-
Lucid Diagnostic Labs Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.44M
Comparable Approach
Comparable
$8.58M
Blend (final)
Blend
$8.68M
Owner & transaction history
Delaware County Board Of Dev · 15 yrs held
Delaware County Board Of Dev
since 2011
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.2M
+81.1%
Medical building
$8.5M
+50.7%
Auto repair, garage
$7.6M
+34.3%
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 Lewis Center submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewis Center 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%
$11,305,000
6.5%
$10,435,000
7%
$9,690,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,635,000
Current use
COMMERCIAL (GENERAL)
$10,205,000
Change: +81% · Conversion: Easy
MEDICAL BUILDING
$8,495,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,575,000
Change: +34% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,495,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$5,975,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$8.68M
Range $7.81M – $9.55M · ±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
$168 / 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
$632
Tax year 2023
Assessed value
$2,676,560
Assessed 2023
Previous assessed
$2,676,560
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$156,240
Assessed improvement
$2,520,320
Land market value
$446,400
Improvement market value
$7,200,900
Total market value
$7,647,300
Applied tax rate
27.0000
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
Off-Market
Year built
1970
Heating
YES
Cooling
YES
Stories
1
Total area
51,650 SF
Lot
1.49 ac (64,817 SF)
APN
318-234-04-003-500
UPID
US66-5833806
Jurisdiction
DELAWARE
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
$5.6M
COMMERCIAL (GENERAL)
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$6.5M
RETAIL STORES
Est. value
$6.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1970
Heating
YES
Cooling
Yes
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Delaware County Board Of Dev
Entity
Mailing address
7991 COLUMBUS PIKE, LEWIS CENTER, OH 43035-9611
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
May 24, 2011
—
Delaware County Board Of Dev
Delaware County Board Of Dev
Quit Claim Deed
—
Apr 20, 2009
—
Board Of Cnty Commissioners & Delaw
7991 Columbus Pike LLC
Warranty Deed
—
—
—
7991 Columbus Pike LLC
—
Deed Of Trust
related
$350,000 · Richard S Langdale
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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