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Property profile & analytics
OFF-MARKET
Estimated value
$20,045,000
Distribution centers
860 Taylor Sta Rd Gahanna, OH 43230
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-2194210
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1986
Total area
250,898 SF
Lot
24.9 ac (1,084,600 SF)
APN
025-003945
UPID
US66-2194210
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
-
McGraw-Hill Federal Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.00M
Blend (final)
Blend
$20.05M
Owner & transaction history
Mcgraw-hill Education LLC · 13 yrs held
Mcgraw-hill Education LLC
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$27.1M
+27.4%
Retail stores
$26.9M
+26.5%
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 Gahanna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gahanna 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
WAREHOUSE, STORAGE
$21,290,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$27,115,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$26,930,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$20.05M
Range $18.04M – $22.05M · ±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
$80 / 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
$545,734
Tax year 2023
Assessed value
$6,579,440
Assessed 2023
Previous assessed
$4,829,970
+36.2% YoY
Effective rate
8.29%
On assessed value
Assessed land
$951,650
Assessed improvement
$5,627,790
Land market value
$2,719,000
Improvement market value
$16,079,400
Total market value
$18,798,400
Applied tax rate
25.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1986
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
250,898 SF
Lot
24.9 ac (1,084,600 SF)
APN
025-003945
UPID
US66-2194210
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
WAREHOUSE, STORAGE Current
Est. value
$21.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.1M
RETAIL STORES
Est. value
$26.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
24.9 ac
Current owner
From public records · entity-resolved
Mcgraw-hill Education LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1325 AVE OF THE AMERICAS, NEW YORK, NY 10019-6026
Ownership since
2013
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
Mar 2, 2018
—
Mcgraw-hill Global Education L
—
Deed
related
$2,075,000,000 · Credit Suisse Ag
Aug 2, 2016
—
Mcgraw-hill Global Education L
—
Deed
related
$1,925,000,000 · Credit Suisse Ag Cayman Iss Br
Jan 24, 2013
—
Mcgraw-hill Education LLC
Mcgraw-hill Companies INC
Quit Claim Deed
related
—
—
—
Global Education L Mcgraw-hill
—
Deed Of Trust
related
—
—
—
Mcgraw-hill Global Education L
—
Deed Of Trust
related
$1,925,000,000 · Credit Suisse Ag Cayman Iss Br
—
—
Mcgraw-hill Global Education L
—
Loan Modification
related
$2,075,000,000 · Credit Suisse Ag
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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