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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Warehouses
972 Harmon Ave, Columbus, OH 43223-2414
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1430987
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
WOOD
Total area
6,430 SF
Lot
0.79 ac (34,238 SF)
Zoning code
972
APN
010-005632
UPID
US66-1430987
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
-
H K Phillips Restoration General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$580k
Owner & transaction history
City Of Columbus · 4 yrs held
City Of Columbus
since 2022
5 recorded transactions
Zoning & alternative use
972 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$930,000
+70.8%
Office building
$920,000
+68.2%
Medical building
$870,000
+59.1%
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
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
WAREHOUSE, STORAGE
$545,000
Current use
APARTMENT HOUSE (5+ UNITS)
$930,000
Change: +71% · Conversion: Difficult
OFFICE BUILDING
$920,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$870,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$690,000
Change: +26% · Conversion: Moderate
AUTO REPAIR, GARAGE
$615,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$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
$8,235
Tax year 2023
Assessed value
$112,740
Assessed 2023
Previous assessed
$108,120
+4.3% YoY
Effective rate
7.30%
On assessed value
Assessed land
$29,680
Assessed improvement
$83,060
Land market value
$84,800
Improvement market value
$237,300
Total market value
$322,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
6,430 SF
Lot
0.79 ac (34,238 SF)
Zoning code
972
APN
010-005632
UPID
US66-1430987
Jurisdiction
FRANKLIN
Zoning & alternative use
972 · Columbus, OH
Zoning 972 · permitted uses
972 · 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
WAREHOUSE, STORAGE Current
Est. value
$545,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$930,000
OFFICE BUILDING
Est. value
$920,000
MEDICAL BUILDING
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
RETAIL STORES
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$615,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1996
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
6
Bathrooms
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
City Of Columbus
Entity
Mailing address
972 HARMON AVE, COLUMBUS, OH 43223-2414
Ownership since
2022
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
Apr 1, 2022
—
City Of Columbus
Harold K Phillips Masonry INC
Warranty Deed
—
—
—
Harold K Philips Restoration
—
Deed Of Trust
related
$220,000 · Commerce Bank
—
—
Harold K Phillips Restoration
—
Deed Of Trust
related
$200,000 · Commerce Bank
—
—
Harold K Phillips Restoration
—
Deed Of Trust
related
$100,000 · Commerce Bank
—
—
Harold K Philps Restoration
—
Deed Of Trust
related
$250,000 · Commerce Bank
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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