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Property profile & analytics
OFF-MARKET
Individual retail properties
850 Polaris Grand Dr, Lewis Center, OH 43035-7519
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-4039222
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2014
Total area
4,918 SF
Lot
14.27 ac (621,471 SF)
APN
318-341-01-001-000
UPID
US66-4039222
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Delaware County Commissioners · 10 yrs held
Delaware County Commissioners
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$570,565
Tax year 2023
Assessed value
$7,525,880
Assessed 2023
Previous assessed
$5,711,940
+31.8% YoY
Effective rate
7.58%
On assessed value
Assessed land
$913,820
Assessed improvement
$6,612,060
Land market value
$2,610,900
Improvement market value
$18,891,600
Total market value
$21,502,500
Applied tax rate
46.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2014
Heating
BASEBOARD
Buildings
5
Stories
1
Units
196
Rooms
5
Bathrooms
1
Total area
4,918 SF
Lot
14.27 ac (621,471 SF)
APN
318-341-01-001-000
UPID
US66-4039222
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
Building & site characteristics
From public records
Year built
2014
Heating
BASEBOARD
Stories
1
Buildings
5
Units
196
Rooms
5
Bathrooms
1
Lot
14.27 ac
Current owner
From public records · entity-resolved
Delaware County Commissioners
Entity
Mailing address
850 POLARIS GRAND DR, LEWIS CENTER, OH 43035-7519
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Jan 11, 2017
—
Polaris Grand LLC
—
Grant Deed
related
$24,359,000 · Bellwether Ent Mtg Invs LLC
Jun 29, 2016
$20,915
Delaware County Commissioners
Polaris Grand LLC
Warranty Deed
—
Jul 16, 2013
$2,010,000
Polaris Grand LLC
Walker Land Ltd
Warranty Deed
—
Aug 22, 2012
—
Walker Land Ltd
Olympus Communities Lltd
Warranty Deed
related
—
Jun 28, 2004
—
City Of Columbus Ohio
Olympus Communities Ltd
Warranty Deed
related
—
Feb 2, 2004
$1,750,000
Olympus Communities Ltd
Orange Hill Dev LLC
Warranty Deed
—
—
—
Polaris Grand LLC
—
Deed Of Trust
related
$1,626,000 · Bellwether Ent Mtg Invs LLC
—
—
Polaris Grand LLC
—
Deed Of Trust
related
$1,626,000 · Bellwether Ent Mtg Invs LLC
—
—
Polaris Grand LLC
—
Deed Of Trust
related
$24,359,000 · Bellwether Ent Mtg Invs LLC
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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