Property profile

1645 Gateway Cir Grove City, OH 43123

FOR LEASE
Commercial real estate
Property ID
US66-2515531
15,600 SF 1.79 ac lot Built 2000
Individually Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 15,500-square-foot flex space, located at 1645-1649 Gateway Circle in Grove City, Ohio, presents a unique opportunity for a single tenant. Situated in Franklin County, this property boasts a desirable PUD-I zoning classification. The building offers a spacious layout, perfect for a variety of commercial uses, with a generous ceiling height ranging from 22 to 25 feet. Three convenient drive-in doors provide easy access for loading and unloading, enhancing operational efficiency. The entire 15,500 square feet is currently vacant, allowing for complete customization to suit a tenant's specific needs and business requirements. The property's prime location in Grove City offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strategic presence in a thriving market. The property is classified as both retail and industrial, providing flexibility in its potential uses. The zip code is 43123. This single-tenant occupancy building provides a unique opportunity for a business seeking a substantial and adaptable space. Interested parties are encouraged to inquire for further details and to schedule a viewing.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2000
Total area 15,600 SF
Lot 1.79 ac (77,929 SF)
APN 040-010520
UPID US66-2515531

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Family Recreation Center

Location

1645 Gateway Cir Grove City, OH 43123
Grove City metro Census 9756 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$420k

Owner & transaction history

since 2018
1 recorded transaction
2018
$1.0M

Zoning & alternative use

Top alternative use upside
Retail stores $2.0M +24.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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