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Property profile & analytics
OFF-MARKET
Estimated value
$6,705,000
Community centers
880 Hamilton Rd 946 Columbus, OH 43213-3003
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-3599518
Property summary
AI-generated overview
Great Eastern Shopping Center, located at 880 S Hamilton Rd in Whitehall, Ohio (zip code 43213), offers exceptional retail opportunities. This Class A, 86,391 square foot neighborhood center boasts 13 suites and enjoys a prominent position at the busy intersection of S. Hamilton Road and E. Main Street, experiencing a combined traffic count exceeding 40,000 vehicles per day. The center benefits from excellent visibility and ample convenient parking. A significant advantage is its proximity to a Kroger grocery store, a major anchor drawing approximately 900,000 customers annually. Currently, there are two available spaces, with sizes ranging from a minimum of 4,425 square feet to a maximum contiguous space of 9,962 square feet. The total vacant space amounts to 14,387 square feet. Situated in Franklin County, this center represents a prime investment opportunity in a densely populated area of Columbus' east side. The property's high traffic location and strong anchor tenant make it an ideal location for a variety of retail businesses.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1910
Total area
88,969 SF
Lot
8.33 ac (362,768 SF)
APN
090-000052
UPID
US66-3599518
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
$7.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.22M
Blend (final)
Blend
$6.71M
Owner & transaction history
Is Can Great Eastern LP · 2 yrs held
Is Can Great Eastern LP
since 2023
Last sale
$6.6M
3 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 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
$6,830,000
ML approach
$7,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,615,000
Current use
RETAIL STORES
$9,470,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,635,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$6.71M
Range $6.03M – $7.38M · ±10% · vs last sale $6.63M (Oct 23 2023)
Last sale anchor
$6.63M
Oct 23 2023
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
$75 / 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
$111,564
Tax year 2023
Assessed value
$1,601,020
Assessed 2023
Previous assessed
$1,309,020
+22.3% YoY
Effective rate
6.97%
On assessed value
Assessed land
$710,990
Assessed improvement
$890,030
Land market value
$2,031,400
Improvement market value
$2,542,900
Total market value
$4,574,300
Applied tax rate
90.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1910
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
88,969 SF
Lot
8.33 ac (362,768 SF)
APN
090-000052
UPID
US66-3599518
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.6M
RETAIL STORES
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1910
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
8.33 ac
Current owner
From public records · entity-resolved
Is Can Great Eastern LP
Entity
Free & Clear · 2 yrs held
Mailing address
4920 DE MAISONHEUVE W STE 107TH XX
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2023
$6,625,000
Is Can Great Eastern LP
Great Eastern Owner Limited
Limited Warranty Deed
—
Nov 15, 2013
—
Great Eastern Owner Ltd
State Street Holdings INC
Grant Deed
—
Nov 23, 2004
—
Great Eastern Owner Ltd
Great Eastern Corp
Quit Claim Deed
related
—
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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