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Property profile & analytics
OFF-MARKET
Estimated value
$5,490,000
Office buildings
8720 Orion Pl Columbus, OH 43240-2111
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US66-2767511
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
57,594 SF
Lot
7.25 ac (315,766 SF)
APN
318-442-02-026-500
UPID
US66-2767511
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
-
K. Emily Manley, e-Merge Real Estate Unlimited Real Estate Agency
-
Darrell L Hunter II, The Columbus House Hunter Real Estate Agency
-
MedMutual Protect Insurance Agency
-
Herdman Yeager, LLC Law Firm
-
UberData Networks Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.61M
Blend (final)
Blend
$5.49M
Owner & transaction history
Patrick Jj Kelly · 14 yrs held
Patrick Jj Kelly
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.1M
+11.1%
Apartment house (5+ units)
$8.4M
+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
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
OFFICE BUILDING
$8,220,000
Current use
AUTO REPAIR, GARAGE
$9,135,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,350,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$7,775,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$5.49M
Range $4.94M – $6.04M · ±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
$158,386
Tax year 2023
Assessed value
$2,333,630
Assessed 2023
Previous assessed
$2,065,040
+13.0% YoY
Effective rate
6.79%
On assessed value
Assessed land
$759,500
Assessed improvement
$1,574,130
Land market value
$2,170,000
Improvement market value
$4,497,500
Total market value
$6,667,500
Applied tax rate
45.0000
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
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Stories
2
Total area
57,594 SF
Lot
7.25 ac (315,766 SF)
APN
318-442-02-026-500
UPID
US66-2767511
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$9.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$7.8M
OFFICE BUILDING Current
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
2000
Heating
YES
Cooling
Yes
Stories
2
Lot
7.25 ac
Current owner
From public records · entity-resolved
Patrick Jj Kelly
Individual
Mailing address
8720 ORION PL, COLUMBUS, OH 43240-2111
Ownership since
2012
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
Mar 15, 2012
$5,744,900
Patrick Jj Kelly
Miller Investments Co
Grant Deed
$3,735,000 · Symetra Life Insurance Co
Mar 9, 2009
—
Miller Investments Co
—
Deed Of Trust
related
$4,100,000 · Wesbanco Bank INC
Feb 1, 2007
—
Np
Profile Investments
Grant Deed
—
Sep 2, 2003
$6,100,000
Profile Investments & Miller I
Orion Office Park Ltd
Grant Deed
related
—
—
—
Miller Investments Co
—
Deed Of Trust
related
$150,000 · Wesbanco Bank INC
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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