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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Retail residential properties
923 Main St Columbus, OH 43205-2392
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-4567458
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Construction
WOOD
Total area
11,557 SF
Lot
0.22 ac (9,496 SF)
APN
010-029689
UPID
US66-4567458
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
-
All About Asphalt LLC General Contractor Construction Company
-
Compro Tax Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$889k
Blend (final)
Blend
$990k
Owner & transaction history
H E Fletcher · 22 yrs held
H E Fletcher
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+43.5%
Medical building
$1.6M
+35.8%
Neighborhood: shopping center
$1.3M
+8.7%
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
COMMERCIAL (GENERAL)
$1,150,000
Current use
OFFICE BUILDING
$1,650,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$1,560,000
Change: +36% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$1,240,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$86 / 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
$7,865
Tax year 2023
Assessed value
$107,670
Assessed 2023
Previous assessed
$100,070
+7.6% YoY
Effective rate
7.30%
On assessed value
Assessed land
$17,260
Assessed improvement
$90,410
Land market value
$49,300
Improvement market value
$258,300
Total market value
$307,600
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
1
Stories
2
Total area
11,557 SF
Lot
0.22 ac (9,496 SF)
APN
010-029689
UPID
US66-4567458
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
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
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
1900
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
H E Fletcher
Individual
Mailing address
228 WILSON AVE, COLUMBUS, OH 43205-1428
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2011
—
H Eugene Fletcher
—
Deed Of Trust
related
$1,321,376 · Park National Bank
May 6, 2004
$235,000
H E Fletcher
Immobiliare Real Estate INC
Grant Deed
$205,000 · Park National Bank
May 4, 2004
$125,000
Immobillare Real Estate INC
Four Dees Corp INC
Grant Deed
—
Jul 21, 2000
—
Four Dees Corp INC
Gattis,donnell & Diana L
Quit Claim Deed
related
—
Jul 19, 2000
$139,900
Donnell Gattis
Zumstein,r W
Grant Deed
$139,900 · Delaware County Bank & Trust
Feb 25, 1999
$95,400
R W Zumstein
Apj Properties
Grant Deed
—
Feb 13, 1998
$105,000
Apj Properties
Cnp LP
Grant Deed
—
—
—
H Eugene Fletcher
—
Deed Of Trust
related
$399,900 · Park Nat'l Bk
—
—
R W Zumstein
—
Deed Of Trust
related
$115,000 · Interstate Banc 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.
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