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Property profile & analytics
OFF-MARKET
Estimated value
$8,960,000
Grocery and convenience stores
840 3rd Ave Columbus, OH 43212-3105
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-1758393
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2014
Total area
94,568 SF
Lot
11.43 ac (497,847 SF)
APN
010-037302
UPID
US66-1758393
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
-
Giant Eagle Pharmacy Pharmacy
-
Huntington Bank ATM Atm
-
Huntington Insurance Insurance Agency
-
Starbucks Cafe & Coffee Shop
-
CoGo Station: 3rd & Market District Bike Sharing Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.65M
Blend (final)
Blend
$8.96M
Owner & transaction history
840 Third Avenue LLC · 11 yrs held
840 Third Avenue LLC
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.7M
+35.1%
Office building
$13.5M
+33.0%
Medical building
$12.8M
+25.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$10,150,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,710,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$13,500,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$12,770,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,220,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,180,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$8.96M
Range $8.06M – $9.86M · ±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
$95 / 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
$281,550
Tax year 2023
Assessed value
$3,854,310
Assessed 2023
Previous assessed
$4,830,010
-20.2% YoY
Effective rate
7.30%
On assessed value
Assessed land
$348,500
Assessed improvement
$3,505,810
Land market value
$995,700
Improvement market value
$10,016,600
Total market value
$11,012,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2014
Heating
YES
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Total area
94,568 SF
Lot
11.43 ac (497,847 SF)
APN
010-037302
UPID
US66-1758393
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
RETAIL STORES Current
Est. value
$10.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.7M
OFFICE BUILDING
Est. value
$13.5M
MEDICAL BUILDING
Est. value
$12.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$9.2M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2014
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
11.43 ac
Current owner
From public records · entity-resolved
840 Third Avenue LLC
Entity
Mailing address
375 N FRNT ST STE #200, COLUMBUS, OH 43215-2258
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2015
—
840 Third Avenue LLC
North Of Third LLC
Grant Deed
related
$17,500,000 · Miscellaneous Ins Co
Sep 20, 2013
—
North Of Third LLC
Nri Equity Land Invs LLC
Quit Claim Deed
related
$22,000,000 · Us Bk
Aug 28, 2013
$925,000
Nri Equity Land Invs LLC
Skunza,adrian M
Grant Deed
related
—
—
—
Adrian M Skunza
—
Deed Of Trust
related
$160,000 · Key Bank NA
—
—
Adrian M Skunza
—
Deed Of Trust
related
$45,000 · Fifth Third Bank Central Ohio
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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