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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Warehouses
9789 Karmar Ct New Albany, OH 43054-7065
Entity Owned
26-yr Hold
Free & Clear
Property ID
US66-2186104
Property summary
AI-generated overview
This 7,950 square foot special purpose property at 9789 Karmar Court, New Albany, OH 43054, is ideally situated just off the 161 Expressway, offering convenient access to the developing Intel area. The single-tenant building features a flexible open office space, suitable for various business uses. While cubes and private glass-walled offices are available for separate purchase, the current layout offers a blend of office and warehouse areas, each with its own restrooms. The warehouse boasts approximately a 22x36 foot bay with high ceilings and an overhead door, enhanced by a standalone HVAC system (forced air heating and air conditioning), LED lighting, and a kitchenette. The property includes 22 parking spaces and is zoned Limited Industrial. A three-year lease is required at a monthly rate of $3,100. Pre-approval for business use is necessary. APN: 222-000276-00.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
7,950 SF
Lot
1.04 ac (45,215 SF)
APN
222-000276
UPID
US66-2186104
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
-
Nouvo Solutions Home Appliance Store IT Consulting Firm
-
Soap and Water General Contractor Renovation Specialist
-
Tsr solar Solar Energy Company
-
The Blackbelt Roofer (formerly Travis Stevens Roofing) Roofing Company General Contractor
-
Arctic Air Service Now Heating & Air Conditioning HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$685k
Owner & transaction history
Zarley Family LLC Ltd · 26 yrs held
Zarley Family LLC Ltd
since 2000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+63.2%
Retail stores
$995,000
+48.4%
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 New Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Albany 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
$670,000
Current use
OFFICE BUILDING
$1,095,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$995,000
Change: +48% · Conversion: Moderate
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$28,729
Tax year 2023
Assessed value
$364,140
Assessed 2023
Previous assessed
$256,380
+42.0% YoY
Effective rate
7.89%
On assessed value
Assessed land
$123,970
Assessed improvement
$240,170
Land market value
$354,200
Improvement market value
$686,200
Total market value
$1,040,400
Applied tax rate
222.0000
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
2000
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
7,950 SF
Lot
1.04 ac (45,215 SF)
APN
222-000276
UPID
US66-2186104
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
WAREHOUSE, STORAGE Current
Est. value
$670,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$995,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2000
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Zarley Family LLC Ltd
Entity
Free & Clear · 26 yrs held
Mailing address
5900 ZARLEY ST, NEW ALBANY, OH 43054-9700
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2018
—
Zarley Family LLC
—
Deed
related
$457,571 · Heartland Bank
Mar 29, 2000
—
Zarley Family LLC Ltd
Zarley,willard M & Karen S
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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