New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Flex space
892 Scott St Columbus, OH 43222-1233
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1318469
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1955
Total area
13,821 SF
Lot
0.29 ac (12,720 SF)
Zoning code
892
APN
010-049739
UPID
US66-1318469
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
-
Glass Axis Art Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$1.25M
Owner & transaction history
Lonco Holdings LLC · 3 yrs held
Lonco Holdings LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
892 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+76.1%
Office building
$2.0M
+73.4%
Medical building
$1.9M
+64.1%
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
$1,265,000
ML approach
$1,290,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,135,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,005,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$1,975,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$1,865,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,495,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$1,485,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.23M (Jun 8 2023)
Last sale anchor
$1.23M
Jun 8 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
$90 / 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
$9,442
Tax year 2023
Assessed value
$129,260
Assessed 2023
Previous assessed
$120,790
+7.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$12,460
Assessed improvement
$116,800
Land market value
$35,600
Improvement market value
$333,700
Total market value
$369,300
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1955
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
13,821 SF
Lot
0.29 ac (12,720 SF)
Zoning code
892
APN
010-049739
UPID
US66-1318469
Jurisdiction
FRANKLIN
Zoning & alternative use
892 · Columbus, OH
Zoning 892 · permitted uses
892 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1955
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Lonco Holdings LLC
Entity
Mailing address
400 TYSON ST, CHARLOTTE, NC 28209-2321
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
—
Wallace Conway LLC
—
Deed
related
$1,400,000 · The Fahey Banking Co
Jun 8, 2023
$1,225,000
Lonco Holdings LLC
Lonco Holdings LLC
Limited Warranty Deed
$525,000 · Park National Bank
Jan 14, 2019
—
Lonco Holdings LLC
—
Deed
related
$620,000 · First Commonwealth Bank
Dec 27, 2018
—
Lonco Holdings LLC
Palmetto R/e Hldgs LLC
Warranty Deed
—
Apr 24, 2013
$330,000
Palmetto R & E Holdings LLC
Weeks,juanita J & Gary L
Warranty Deed
$300,852 · Insight Bank
Aug 15, 2006
$500,000
Gary L Weeks
Us Roofing Real Estate Holdings LLC
Warranty Deed
$350,000 · The Citizens Bank Of Degraff
Feb 23, 2001
—
S Roofing Real Estate Holdin U
Henry,jerry
Grant Deed
related
—
Jun 13, 1997
$160,000
Jerry Henry
Ross,clayton
Trustees Deed
—
Jun 13, 1997
$100,000
Clayton Ross
Watson,virginia E
Trustees Deed
—
—
—
Palmetto R & E Holdings LLC
—
Loan Modification
related
$167,140 · Insight Bank
—
—
Palmetto R & E Holdings LLC
—
Deed Of Trust
related
$140,000 · Community Capital Dev Corp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 892 Scott St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
