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Property profile & analytics
OFF-MARKET
Specialty properties

3989 Jackpot Rd Grove City, OH 43123

4,284 SF
Property ID
Property summary
AI-generated overview

This single-tenant, 4,284 square foot Class B office building is situated on a 0.55-acre lot at 3989 Jackpot Road, offering a highly desirable location. Currently, 2,142 square feet are vacant, presenting a unique opportunity for a medical or traditional office user. The property features 6-8 sizable offices or exam rooms, a spacious reception area, and dedicated lab rooms, making it ideal for various medical or professional practices. The building boasts 50 parking spaces, adding significant convenience for staff and clients. The property is zoned for office use and has an APN of 040-014757. Taxes are $2.25 per square foot. The building is a single-story structure with no elevators. The current lease on the occupied portion is month-to-month with a 30-day escape clause, allowing for potential full building occupancy by December 2024 for the right tenant. Freeway signage is negotiable for a minimum five-year lease. The property is conveniently located near Stringtown Rd. Lease terms are triple net.

Property profile
Verified
Property type Specialty properties
Total area 4,284 SF
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
Current use
Occupant on record · Public records
  • Dr. Julio C. Cruz, MD Physician Medical Clinic
  • Dr. Patrick D. Schumacher, MD Ophthalmologist
  • Patrick Douglas Schumacher Ophthalmologist
  • Anand Ramachandran Ophthalmologist
  • Harmeet Singh Chawla Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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