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Property profile & analytics
FOR SALE
Office buildings
855 S Wall St Columbus, OH 43206
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2323394
For Sale
1 / 2
$725,000
855 S Wall St, Columbus, OH 43206
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
5,672 SF
Lot
0.26 ac (11,238 SF)
APN
010-019158
UPID
US66-2323394
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
-
Dr.Mukhdomi Physician
-
Michelle Murphy - Holistic Wellness Counseling Crisis Center Medical Clinic
-
Open Sky Spaces-Brewery District Crisis Center Medical Clinic
-
Kelley Smith Counseling LLC Counselor
-
Ohio Hospice & Palliative Care Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$875k
Owner & transaction history
885 South Wall Street Office LLC · 3 yrs held
885 South Wall Street Office LLC
since 2022
Last sale
$725,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+59.8%
Auto repair, garage
$900,000
+11.1%
Apartment house (5+ units)
$820,000
+1.6%
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
$995,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$810,000
Current use
RESTAURANT
$1,295,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$900,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$820,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$765,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $725k (Dec 6 2022)
Last sale anchor
$725k
Dec 6 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
$154 / 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
$18,293
Tax year 2023
Assessed value
$250,430
Assessed 2023
Previous assessed
$201,260
+24.4% YoY
Effective rate
7.30%
On assessed value
Assessed land
$51,070
Assessed improvement
$199,360
Land market value
$145,900
Improvement market value
$569,600
Total market value
$715,500
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1986
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Rooms
6
Bathrooms
2
Total area
5,672 SF
Lot
0.26 ac (11,238 SF)
APN
010-019158
UPID
US66-2323394
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
$810,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$900,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$820,000
MEDICAL BUILDING
Est. value
$765,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Rooms
6
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
885 South Wall Street Office LLC
Entity
Mailing address
35 N 4TH ST STE #100, COLUMBUS, OH 43215-3612
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
$725,000
885 South Wall Street Office LLC
Mukhdomi Properties LLC
Warranty Deed
—
Aug 9, 2022
—
Mukhdomi Properties LLC
—
Deed
related
$220,000 · Merchants National Bank
Sep 9, 2021
—
Mukhdomi Properties LLC
—
Deed
related
$1,067,000 · Merchants National Bank
Dec 18, 2012
$425,000
Mukhdomi Properties LLC
The Leadingage Ohio
Warranty Deed
$340,000 · Us Bank NA
Dec 6, 2005
—
Association Of Ohio Philanthropic
—
Trustees Deed
related
$100,000 · Grange Bk
—
—
Association Of Ohio Philanthropic
—
Deed Of Trust
related
$250,000 · Grange Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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