Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$27,600,000
Distribution centers
Rohr Rd Lockbourne, OH 43137
Individually Owned
6-yr Hold
Free & Clear
Property ID
US66-1675369
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2020
Total area
323,376 SF
Lot
23.64 ac (1,029,671 SF)
APN
152-001755
UPID
US66-1675369
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
$37.73M
Blend (final)
Blend
$27.60M
Owner & transaction history
Village Of Obetz · 6 yrs held
Village Of Obetz
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$44.4M
+63.2%
Retail stores
$40.4M
+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 Lockbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lockbourne 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
$27,230,000
Current use
OFFICE BUILDING
$44,445,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$40,410,000
Change: +48% · Conversion: Moderate
Blend value · Realmo final
$27.60M
Range $24.84M – $30.36M · ±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
$85 / 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
$57,238
Tax year 2023
Assessed value
$7,805,080
Assessed 2023
Previous assessed
$6,097,460
+28.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$814,700
Assessed improvement
$6,990,380
Land market value
$2,327,700
Improvement market value
$19,972,500
Total market value
$22,300,200
Applied tax rate
152.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2020
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Rooms
7
Bathrooms
1
Total area
323,376 SF
Lot
23.64 ac (1,029,671 SF)
APN
152-001755
UPID
US66-1675369
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
$27.2M
OFFICE BUILDING
Est. value
$44.4M
RETAIL STORES
Est. value
$40.4M
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
2020
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
7
Bathrooms
1
Lot
23.64 ac
Current owner
From public records · entity-resolved
Village Of Obetz
Individual
Free & Clear · 6 yrs held
Mailing address
1 PENN PLZ STE #4015, NEW YORK, NY 10119-4015
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
Village Of Obetz
Lex Rickenbacker LLC
Grant Deed
—
Dec 12, 2019
$1,600,000
Lex Rickenbacker LLC
Sunshine & Smooch LLC
Grant Deed
—
Dec 12, 2019
$800,000
Lex Rickenbacker LLC
Generation-skipping P Trust
Grant Deed
—
Nov 12, 2013
—
Jody E Sloane
Dill James E Trust
Quit Claim Deed
related
—
Dec 9, 2008
$2,463,000
Pizzuti Land LLC
Dill James E & Jac T Trust
Grant Deed
—
Nov 1, 2007
—
Dill James E Trust
Dill Jac T Trust
Quit Claim Deed
related
—
Jul 20, 2006
—
Dill Jac T Trust
Dill,jac T
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.
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?”
You own Rohr Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
