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Property profile & analytics
OFF-MARKET
Estimated value
$7,450,000
Commercial land
Bevelhymer Rd New Albany, OH 43054
Entity Owned
Free & Clear
Property ID
US66-3336528
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2006
Total area
81,924 SF
Lot
27.19 ac (1,184,484 SF)
APN
222-004128
UPID
US66-3336528
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.81M
Blend (final)
Blend
$7.45M
Owner & transaction history
Lhr Md LLC
Lhr Md LLC
since 2025
Last sale
$7.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.3M
+49.8%
Apartment house (5+ units)
$11.9M
+44.4%
Office building
$11.3M
+36.9%
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
$7,595,000
ML approach
$7,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,225,000
Current use
MEDICAL BUILDING
$12,320,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,875,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$11,260,000
Change: +37% · Conversion: Easy
RETAIL STORES
$10,240,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$7.45M
Range $6.71M – $8.20M · ±10% · vs last sale $7.28M (Aug 22 2022)
Last sale anchor
$7.28M
Aug 22 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
$91 / 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
$177,929
Tax year 2023
Assessed value
$2,255,260
Assessed 2023
Previous assessed
$2,255,260
+0.0% YoY
Effective rate
7.89%
On assessed value
Assessed land
$2,255,260
Land market value
$6,443,600
Total market value
$6,443,600
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
2006
Heating
NONE
Cooling
YES
Total area
81,924 SF
Lot
27.19 ac (1,184,484 SF)
APN
222-004128
UPID
US66-3336528
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
COMMERCIAL (GENERAL) Current
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$12.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.9M
OFFICE BUILDING
Est. value
$11.3M
RETAIL STORES
Est. value
$10.2M
COMMERCIAL (GENERAL) Current
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
2006
Heating
NONE
Cooling
Yes
Lot
27.19 ac
Current owner
From public records · entity-resolved
Lhr Md LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8000 RAVINES EDGE CT STE #300, COLUMBUS, OH 43235-5422
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
Lhr Md LLC
Lhr Industries LLC
Warranty Deed
—
Aug 22, 2022
$7,275,000
Lhr Industries LLC
Ansa Propco Partnership LP
Limited Warranty Deed
$4,728,750 · Premier Bank
Jan 11, 2021
$19,000,000
Ansa Propco Ptshp LP
Tween Brands Service Co
Grant Deed
—
Feb 24, 2009
—
Tween Brands Service Co
—
Deed Of Trust
related
$225,000,000 · Bank Of America
Aug 29, 2006
$6,770,300
Tween Brands Service Co
New Albany Co LLC
Grant Deed
—
—
—
Tween Brands Service Co
—
Deed Of Trust
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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