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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Commercial land
9920 Johnstown Rd New Albany, OH 43054-8558
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-6115902
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2012
Total area
69,741 SF
Lot
2.37 ac (103,150 SF)
APN
222-000347
UPID
US66-6115902
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
-
Wendy’s Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.85M
Owner & transaction history
Smiths Mill Center LLC · 1 yrs held
Smiths Mill Center LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±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
$26 / 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
$18,965
Tax year 2023
Assessed value
$240,380
Assessed 2023
Previous assessed
$240,380
+0.0% YoY
Effective rate
7.89%
On assessed value
Assessed land
$240,380
Land market value
$686,800
Total market value
$686,800
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2012
Heating
NONE
Cooling
YES
Total area
69,741 SF
Lot
2.37 ac (103,150 SF)
APN
222-000347
UPID
US66-6115902
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
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Cooling
Yes
Lot
2.37 ac
Current owner
From public records · entity-resolved
Smiths Mill Center LLC
Entity
Mailing address
14837 DETROIT AVE #340, LAKEWOOD, OH 44107-3909
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$840,000
Smiths Mill Center LLC
Smith Mill Ventures LLC
Deed
$5,120,000 · First Fsla Of Lakewood
Sep 15, 2023
—
Robert E Dintaman LLC
Mg Smiths Mill LLC
Limited Warranty Deed
—
Mar 31, 2023
—
Valvoline LLC
Kr2 Investments LLC
Assignment Of Lease (leasehold Sale)
—
Aug 22, 2022
—
Real Title Holdings LLC
Smith Mill Ventures LLC
Limited Warranty Deed
—
Mar 22, 2022
$600,000
Kr2 Investments LLC
Smith Mill Ventures LLC
Deed
—
Oct 7, 2021
$625,000
Goc Realco LLC
Smith Mill Ventures LLC
Limited Warranty Deed
—
Aug 19, 2021
—
Mg Smiths LLC
—
Deed
related
$817,650 · Strategic Holdings Of Delaware LLC
Jul 20, 2021
$1,090,200
Mc Smiths Mill LLC
Smith Mill Ventures LLC
Limited Warranty Deed
$817,650 · S & T Bank
Oct 14, 2020
$1,705,200
Th Midwest INC
Smith Mill Ventures LLC
Grant Deed
—
Apr 11, 2018
—
Three Putt Par Holdings LLC
Smith Mill Ventures LLC
Quit Claim Deed
related
—
Feb 16, 2017
—
Smith Mill Ventures LLC
Real Title Holdings LLC
Quit Claim Deed
—
Dec 16, 2016
$1,349,000
Forest New Albany LP
Smith Mill Ventures LLC
Grant Deed
—
Sep 24, 2015
—
Real Title Holdings LLC
Smith Mill Ventures LLC
Grant Deed
—
Mar 5, 2015
$250,000
Ice Queens Of Smiths Mill LLC
Smith Mill Ventures LLC
Grant Deed
related
—
Dec 5, 2014
$810,000
Th Midwest INC
Smith Mill Ventures LLC
Grant Deed
—
Sep 20, 2013
$1,179,500
Woodcrest New Albany LP
Smith Mill Ventures LLC
Grant Deed
—
Feb 1, 2011
$1,523,400
New Albany Hotel Assocs LLC
Smith Mill Ventures LLC
Grant Deed
—
Dec 27, 2007
—
Dsm Holdings LLC
Smith Mill Ventures LLC
Quit Claim Deed
related
—
Dec 17, 2007
—
Village Of New Albany
Smith Mill Ventures LLC
Warranty Deed
—
Aug 17, 2006
$6,200,000
Smith Mill Ventures LLC
Hughes,george K
Grant Deed
—
Sep 21, 2001
$81,000
New Albany Co LP
Banc Ohio National Bank Ttee
Grant Deed
—
Oct 15, 1998
$2,430,700
New Albany Co LP
Banc Ohio National Bank
Grant Deed
—
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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