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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Residential income homes
839-843 Neil Ave Columbus, OH 43215
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-2297782
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1904
Total area
5,863 SF
Lot
0.16 ac (6,795 SF)
APN
010-025417
UPID
US66-2297782
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
by Request
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$675k
Owner & transaction history
Citrine Rentals LLC · 11 yrs held
Citrine Rentals LLC
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$930,000
+9.4%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$850,000
Current use
AUTO REPAIR, GARAGE
$930,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$830,000
Change: -2% · Conversion: Moderate
MEDICAL BUILDING
$790,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$690,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$115 / 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
$17,916
Tax year 2023
Assessed value
$395,890
Assessed 2023
Previous assessed
$327,430
+20.9% YoY
Effective rate
4.53%
On assessed value
Assessed land
$77,000
Assessed improvement
$318,890
Land market value
$220,000
Improvement market value
$911,100
Total market value
$1,131,100
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1904
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Units
2
Rooms
15
Bathrooms
6
Total area
5,863 SF
Lot
0.16 ac (6,795 SF)
APN
010-025417
UPID
US66-2297782
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$930,000
OFFICE BUILDING
Est. value
$830,000
MEDICAL BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1904
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
15
Bathrooms
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
Citrine Rentals LLC
Entity
Mailing address
10 E 7TH AVE, COLUMBUS, OH 43201-2514
Ownership since
2015
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
May 21, 2015
$555,000
Citrine Rentals LLC
James E Schmelzer
Warranty Deed
—
—
—
Jewell Robert JR.
—
Deed Of Trust
related
$48,300 · Countrywide Bank
—
—
James E Schmelzer
—
Deed Of Trust
related
$222,000 · Pfg Loans INC
—
—
James E Schmelzer
—
Deed Of Trust
related
$331,866 · Washington Mutual Fsb
—
—
James E Schmelzer
—
Deed Of Trust
related
$330,000 · Market Mortgage Co Ltd
—
—
James E Schmelzer
—
Deed Of Trust
related
$100,000 · National City Bank
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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