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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office buildings
970 Hamilton Rd, Gahanna, OH 43230-1757
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2370887
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
WOOD
Total area
2,430 SF
Lot
1.03 ac (44,954 SF)
APN
025-009894
UPID
US66-2370887
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
-
The Laser Loft Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$400k
Comparable Approach
Comparable
$547k
Blend (final)
Blend
$585k
Owner & transaction history
Wl Landholdings LLC · 5 yrs held
Wl Landholdings LLC
since 2021
Last sale
$588,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$385,000
+17.6%
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 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
$700,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$430,000
6.5%
$400,000
7%
$370,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$385,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $588k (Jun 24 2021)
Last sale anchor
$588k
Jun 24 2021
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
$241 / 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
$18,009
Tax year 2023
Assessed value
$217,120
Assessed 2023
Previous assessed
$184,810
+17.5% YoY
Effective rate
8.29%
On assessed value
Assessed land
$133,740
Assessed improvement
$83,380
Land market value
$382,100
Improvement market value
$238,200
Total market value
$620,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
2,430 SF
Lot
1.03 ac (44,954 SF)
APN
025-009894
UPID
US66-2370887
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
AUTO REPAIR, GARAGE
Est. value
$385,000
AUTO REPAIR, GARAGE
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
1997
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Wl Landholdings LLC
Entity
Mailing address
101 ML ST STE #210, GAHANNA, OH 43230-6545
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
—
Wl Landholdings LLC
—
Deed
related
$1,500,000 · Park National Bank
Oct 3, 2022
—
Wl Landholdings LLC
—
Deed
related
$1,524,700 · The Huntington National Bank
Jun 24, 2021
$588,000
Wl Landholdings LLC
Debra L Hobbs
Warranty Deed
$1,484,700 · The Huntington National Bank
Feb 25, 2002
—
Gahanna City (oh)
Hobbs,debra L
Grant Deed
related
—
Feb 4, 1998
—
Slane Company Ltd
Slane,daniel M
Quit Claim Deed
related
—
—
—
Debra L Hobbs
—
Deed Of Trust
related
$148,000 · Us Bank NA
—
—
Debra L Hobbs
—
Deed Of Trust
related
$30,274 · Us Bank NA
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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