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Property profile & analytics
OFF-MARKET
Commercial land
1050 Lamplighter Dr, Grove City, OH 43123
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0061230
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1903
Total area
1,690 SF
Lot
4.14 ac (180,295 SF)
APN
040-012669
UPID
US66-0061230
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cobblestone Manor LLC · 1 yrs held
Cobblestone Manor LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Grove City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grove City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,329
Tax year 2023
Assessed value
$283,960
Assessed 2023
Previous assessed
$212,420
+33.7% YoY
Effective rate
7.51%
On assessed value
Assessed land
$283,960
Land market value
$811,300
Total market value
$811,300
Applied tax rate
40.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1903
Heating
YES
Stories
2
Rooms
6
Bathrooms
1
Total area
1,690 SF
Lot
4.14 ac (180,295 SF)
APN
040-012669
UPID
US66-0061230
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
Building & site characteristics
From public records
Year built
1903
Heating
YES
Stories
2
Rooms
6
Bathrooms
1
Lot
4.14 ac
Current owner
From public records · entity-resolved
Cobblestone Manor LLC
Entity
Mailing address
880 E 11TH AVE, COLUMBUS, OH 43211-2771
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Cobblestone Manor LLC
—
Deed
related
$4,500,000 · Ohio Housing Finance Agency
Aug 5, 2024
—
Cobblestone Manor LLC
Columbus Metropolitan Housing Autho
Lease
$14,380 · Columbus Metropolitan Housing Authority
Jul 30, 2019
—
Morbitzer,elizabeth T Trust
Morbitzer Richard L Trust
Quit Claim Deed
related
—
Feb 15, 2017
—
Lamplighter Senior Hsng II LLC
—
Deed
related
$750,000 · Housing Fin Agcy
Sep 20, 2016
—
Franklin Cnty Commissioners
Lamplighter Senior Hsng II LLC
Quit Claim Deed
related
—
Aug 10, 2016
—
Lamplighter Senior Housing II LLC
—
Deed
related
$750,000 · Ohio Housing Finance Agency
Jun 28, 2016
$964,600
Lamplighter Senior Housing II LLC
Elizabeth T Morbitzer
Fiduciary Deed
$900,000 · Us Bank NA
May 14, 2013
—
Morbitzer Family LLC
Morbitzer E T Trust
Quit Claim Deed
related
—
Nov 20, 2012
$785,000
Lamplighter Senior Honsing LLC
Elizabeth T Morbritzer
Fiduciary Deed
—
Nov 19, 2012
—
Morbitzer Elizabeth T Tr
Morbitzer,richard L
Affidavit Of Death
related
—
Oct 31, 2008
—
City Of Grove City Ohio
Morbitzer R L & E T Trust
Warranty Deed
—
Oct 31, 2008
$350,000
Primrose School Franchising Co
Morbitzer R L & E T Trust
Warranty Deed
—
Jul 3, 2008
—
Richard L Morbitzer
—
Trustees Deed
related
$400,000 · Citizens Bank Ashville
Oct 23, 2007
$187,100
Parkway Centre East LLC
Morbitzer R L & E T Trust
Warranty Deed
—
Dec 8, 2006
$1,053,300
Mcclain Development INC
Joseph A Ciminello
Limited Warranty Deed
$11,675,000 · Peoples Bank NA
Dec 8, 2006
$674,100
Joseph Ciminello
Morbitzer Elizabeth Trust
Grant Deed
—
Jan 4, 2006
—
Richard L Morbitzer
Morbitzer,richard L & Elizabeth T
Quit Claim Deed
related
—
Apr 18, 2005
$800,000
Joseph A Ciminello
Morbitzer,elizabeth T
Warranty Deed
$804,438 · Mary I Younkin
Apr 14, 2005
—
Elizabeth T Morbitzer
Willing,helen C
Affidavit Of Death
—
—
—
Lamplighter Senior Housing LLC
—
Deed Of Trust
related
$750,000 · Frontier Community Services
—
—
Lamplighter Senior Hsng II LLC
—
Loan Modification
related
$750,000 · Housing Fin Agcy
—
—
Lamplighter Senior Housing LLC
—
Loan Modification
related
$435,000 · Pnc Bk
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.
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