Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,095,000
Medical Office Space
Stelzer Rd Columbus, OH 43219
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-4501200
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Total area
54,787 SF
Lot
4.25 ac (185,174 SF)
APN
520-294888
UPID
US66-4501200
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
$10.05M
Comparable Approach
Comparable
$10.62M
Blend (final)
Blend
$9.10M
Owner & transaction history
Mpt Of Columbus Springstone LLC · 4 yrs held
Mpt Of Columbus Springstone LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.5M
+68.9%
Commercial (general)
$10.1M
+36.7%
Auto repair, garage
$8.7M
+17.4%
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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%
$10,885,000
6.5%
$10,050,000
7%
$9,330,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,400,000
Current use
RESTAURANT
$12,495,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,110,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,690,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,940,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$7,820,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,920,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$9.10M
Range $8.19M – $10.00M · ±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
$166 / 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
$370,082
Tax year 2023
Assessed value
$5,196,070
Assessed 2023
Previous assessed
$5,340,650
-2.7% YoY
Effective rate
7.12%
On assessed value
Assessed land
$272,200
Assessed improvement
$4,923,870
Land market value
$777,700
Improvement market value
$14,068,200
Total market value
$14,845,900
Applied tax rate
520.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2016
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
54,787 SF
Lot
4.25 ac (185,174 SF)
APN
520-294888
UPID
US66-4501200
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
MEDICAL BUILDING Current
Est. value
$7.4M
RESTAURANT
Est. value
$12.5M
COMMERCIAL (GENERAL)
Est. value
$10.1M
AUTO REPAIR, GARAGE
Est. value
$8.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
4.25 ac
Current owner
From public records · entity-resolved
Mpt Of Columbus Springstone LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1000 URBAN CTR DR STE #501, VESTAVIA, AL 35242-2225
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2021
—
Mpt Of Columbus Springstone LLC
Dublin Springs LLC
Limited Warranty Deed
—
Jul 6, 2018
$15,700,000
Dublin Springs LLC
Propstone LLC
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.
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 Stelzer 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.
