Back to Search
Property profile & analytics
FOR SALE
Industrial land
Innovation Campus Way New Albany, OH 43031
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-0825507
For Sale
$1,080,000
Innovation Campus Way, New Albany, OH 43031
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1966
Total area
2,709 SF
Lot
2.73 ac (118,919 SF)
APN
093-107004-00.000
UPID
US66-0825507
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mbj Holdings LLC · 10 yrs held
Mbj Holdings LLC
since 2016
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,912
Tax year 2023
Assessed value
$35,350
Assessed 2023
Previous assessed
$35,350
+0.0% YoY
Effective rate
5.41%
On assessed value
Assessed land
$35,350
Land market value
$101,000
Total market value
$101,000
Applied tax rate
93.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Sale
Year built
1966
Heating
CENTRAL
Cooling
CENTRAL
Rooms
11
Bathrooms
3
Total area
2,709 SF
Lot
2.73 ac (118,919 SF)
APN
093-107004-00.000
UPID
US66-0825507
Jurisdiction
LICKING
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
1966
Heating
CENTRAL
Cooling
Yes
Rooms
11
Bathrooms
3
Lot
2.73 ac
Current owner
From public records · entity-resolved
Mbj Holdings LLC
Entity
Free & Clear · 10 yrs held
Mailing address
8000 WALTON PKWY STE #120, NEW ALBANY, OH 43054-7074
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2016
—
Mbj Holdings LLC
Real Title Holdings LLC
Quit Claim Deed
related
—
Feb 21, 2014
$15,836,000
Distribution Land Corp
Mbj Holdings LLC
Grant Deed
—
Feb 21, 2014
—
Mbj Holdings LLC
Real Title Holdings LLC
Quit Claim Deed
—
Mar 6, 2012
—
Vee Properties Ohio LLC
—
Deed Of Trust
related
$5,910,000 · Mb Financial Bank NA
Sep 22, 2011
—
Mbj Holdings LLC
Dsm Holdings Ltd
Quit Claim Deed
—
Dec 13, 2010
$1,062,600
Vee Properties Ohio LLC
Mbj Holdings LLC
Grant Deed
—
Nov 12, 2010
$2,391,900
Pizzuti Ac LLC
Mbj Holdings LLC
Grant Deed
$15,000,000 · Hcf Ohio Holdings LLC
Oct 13, 2010
—
Mrc Land LLC
Mbj Holdings LLC
Quit Claim Deed
related
—
Oct 28, 2005
—
Mbj Holdings LLC
Owner Name Unavailable
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
