Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Msn Park Groveport, OH 43125-1149

    • Office buildings
    • 15,576 SF
    • 7.24 lot acres
    OFF-MARKET
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1342647
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1 Msn Park

    Year built
    1900
    Construction
    WOOD
    Lot size
    7.24 lot acres
    Property size
    15,576 SF
    Property type
    Office buildings
    APN
    185-000219
    APU
    185000219

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,161,000
      Market price range: $1.16M - $3.29M
      AI Estimate
      $1,275,000
      Market price range: $629k - $4.23M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Groveport
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8891
    Latitude
    39.8556
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,717
    $120,120
    $165,060
    $285,180
    -
    $343,200
    $471,600
    $814,800

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      618 Main St

      OFFICE BUILDING • 1,440 SF
      618 Main St, Groveport, OH 43125-1421
      View Details
    • Value Estimation
      $2,135,000
      12,160 SF

      4465 Professional Pkwy, Unit 4475

      OFFICE BUILDING • 12,160 SF
      4465 Professional Pkwy, Groveport, OH 43125-9229
      View Details
    • Value Estimation by Request
      960 SF

      235 Frnt St

      OFFICE BUILDING • 960 SF
      235 Frnt St, Groveport, OH 43125-1222
      View Details
    • Value Estimation
      $4,745,000
      1,056 SF

      6431 Alum Crk Dr

      OFFICE BUILDING • 1,056 SF
      6431 Alum Crk Dr, Groveport, OH 43125-9650
      View Details
    • Value Estimation
      $8,280,000
      45,892 SF

      4500 Hamilton Rd

      OFFICE BUILDING • 45,892 SF
      4500 Hamilton Rd, Groveport, OH 43125-9563
      View Details
    • Value Estimation by Request
      1,520 SF

      142 Main St

      OFFICE BUILDING • 1,520 SF
      142 Main St, Groveport, OH 43125-1124
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,776 SF

      Renovated Office Building in Groveport

      3,776 SF renovated office building, flex storage potential.
      275 College St, Groveport, OH 43125
      View Details
    • Contact for pricing

      Groveport Development Land For Sale

      1.5-acre development land ideal for office or medical use.
      5370 Hendron Rd, Groveport, OH 43125
      View Details
    • Contact for pricing
      212,000 SF

      Groveport Road Commercial Property

      Large commercial property available for sale in Groveport, Ohio.
      5610 Groveport Rd, Groveport, OH 43125
      View Details
    • Contact for pricing

      Development Land For Sale

      3.024 acres of development land suitable for office/medical use.
      1521 Hendron Rd, Groveport, OH 43125
      View Details
    • $63,000
      0.12 Acres

      Vacant Lot in Groveport, OH

      Vacant lot in historic Groveport area, unique road access.
      135 Front St, Groveport, OH 43125
      View Details
    • Contact for pricing

      Vacant Land Near Distribution Centers

      1.5 acres of vacant land prime for development.
      2690 London Groveport Rd, Groveport, OH 43125
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Office Space Near I-270

      Office space with ample parking and convenient highway access.
      4575 Winchester Pike, Groveport, OH 43125
      View Details
    • Contact for pricing
      2,055 SF

      Office Space in Groveport, OH

      Office space available for lease in Groveport, Ohio.
      5323-5345 Hendron Rd, Groveport, OH 43125
      View Details
    • Contact for pricing
      2,000 SF

      Flexible Office and Warehouse Spaces

      Office and warehouse spaces for lease with highway access.
      4407-4417 Professional Pkwy, Groveport, OH 43125
      View Details
    • Contact for pricing
      6,000 SF

      Office Suites Near Rickenbacker Airport

      Office suites for lease near Rickenbacker Airport and I-270.
      6425 Alum Creek Dr, Groveport, OH 43125
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with Anchor Tenant

      Retail space with high visibility and ample parking.
      3773-3841 S Hamilton Rd, Groveport, OH 43125
      View Details
    • Contact for pricing

      Commercial Land in Groveport, OH

      Land available for lease in growing Groveport, Ohio.
      325 Main St, Groveport, OH 43125
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Msn Park
    Groveport, OH 43125-1149
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!