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Property profile & analytics
OFF-MARKET
Estimated value
$40,230,000
Office buildings
8323 Walton Pkwy New Albany, OH 43054-9522
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1244861
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
197,701 SF
Lot
26 ac (1,132,429 SF)
APN
222-002671
UPID
US66-1244861
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
-
Justice Headquarters Corporate Office
-
Lane Bryant Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$39.95M
Comparable Approach
Comparable
$28.36M
Blend (final)
Blend
$40.23M
Owner & transaction history
Lane Bryant Brands Opco LLC · 3 yrs held
Lane Bryant Brands Opco LLC
since 2022
Last sale
$42.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$57.5M
+111.5%
Auto repair, garage
$32.6M
+20.0%
Neighborhood: shopping center
$32.4M
+19.4%
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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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
$48,850,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$43,275,000
6.5%
$39,945,000
7%
$37,090,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$27,170,000
Current use
RESTAURANT
$57,470,000
Change: +112% · Conversion: Moderate
AUTO REPAIR, GARAGE
$32,595,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$32,430,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$29,735,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$28,660,000
Change: +5% · Conversion: Easy
RETAIL STORES
$24,705,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$40.23M
Range $36.21M – $44.25M · ±10% · vs last sale $42.00M (Nov 16 2022)
Last sale anchor
$42.00M
Nov 16 2022
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
$203 / 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
$1,150,170
Tax year 2023
Assessed value
$14,578,450
Assessed 2023
Previous assessed
$14,578,450
+0.0% YoY
Effective rate
7.89%
On assessed value
Assessed land
$3,840,620
Assessed improvement
$10,737,830
Land market value
$10,973,200
Improvement market value
$30,679,500
Total market value
$41,652,700
Applied tax rate
222.0000
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
2001
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
197,701 SF
Lot
26 ac (1,132,429 SF)
APN
222-002671
UPID
US66-1244861
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
$27.2M
RESTAURANT
Est. value
$57.5M
AUTO REPAIR, GARAGE
Est. value
$32.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.4M
MEDICAL BUILDING
Est. value
$29.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.7M
RETAIL STORES
Est. value
$24.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2001
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
26 ac
Current owner
From public records · entity-resolved
Lane Bryant Brands Opco LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1 ALLIED DR STE #1715, LITTLE ROCK, AR 72202-2069
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2022
—
Lane Bryant Brands Opco LLC
Tempus New Albany Lb LLC
Lease
—
Nov 16, 2022
$42,000,000
Tempus New Albany Lb LLC
Ansa Propco Partnership LP
Limited Warranty Deed
—
Jan 11, 2021
$19,000,000
Ansa Propco Ptshp LP
Tween Brands Service Co
Grant Deed
—
Dec 1, 2009
—
Tween Brands Service Co
—
Loan Modification
related
$50,000,000 · Dress Barn INC
Feb 24, 2009
—
Tween Brands Service Co
—
Deed Of Trust
related
$225,000,000 · Bank Of America
—
—
Tween Brands Service Co
—
Loan Modification
related
$600,000,000 · Jp Morgan Chase Bk
—
—
Tween Brands Service Co
—
Deed Of Trust
related
—
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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