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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Warehouses
9798 Karmar Ct New Albany, OH 43054-8210
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1800722
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
6,778 SF
Lot
1.01 ac (43,908 SF)
APN
222-000277
UPID
US66-1800722
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
-
Ohio Pork Council Charitable Organization Social Service Agency
-
Capital City Electric General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$905k
Owner & transaction history
Capital City Electric INC · 3 yrs held
Capital City Electric INC
since 2022
Last sale
$925,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+95.8%
Neighborhood: shopping center
$1.1M
+94.8%
Medical building
$1.0M
+78.6%
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 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
$965,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$570,000
Current use
AUTO REPAIR, GARAGE
$1,120,000
Change: +96% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,110,000
Change: +95% · Conversion: Moderate
MEDICAL BUILDING
$1,020,000
Change: +79% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$985,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$930,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$845,000
Change: +48% · Conversion: Moderate
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $925k (Sep 9 2022)
Last sale anchor
$925k
Sep 9 2022
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
$134 / 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
$27,191
Tax year 2023
Assessed value
$344,650
Assessed 2023
Previous assessed
$267,680
+28.8% YoY
Effective rate
7.89%
On assessed value
Assessed land
$120,790
Assessed improvement
$223,860
Land market value
$345,100
Improvement market value
$639,600
Total market value
$984,700
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
2003
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
6,778 SF
Lot
1.01 ac (43,908 SF)
APN
222-000277
UPID
US66-1800722
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
$570,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$985,000
OFFICE BUILDING
Est. value
$930,000
RETAIL STORES
Est. value
$845,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2003
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Capital City Electric INC
Entity
Mailing address
9798 KARMAR CT, NEW ALBANY, OH 43054-8210
Mailing matches property
Yes
Owner-occupied
Yes
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
Sep 9, 2022
$925,000
Capital City Electric INC
Kessler Holdings LLC
Limited Warranty Deed
$740,000 · S & T Bank
Jan 4, 2012
$410,000
Kessler Holdings LLC
Ruth,erwin J & Eva M
Warranty Deed
$348,500 · Commerce National Bank
Jan 3, 2002
—
Erwin J Ruth
—
Trustees Deed
related
$620,000 · Fifth Third Bank
—
—
Erwin J Ruth
—
Deed Of Trust
related
$524,000 · Wesbanco Bank INC
—
—
Erwin J Ruth
—
Deed Of Trust
related
$150,000 · Wesbanco Bank 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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