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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Office buildings
1600 Gtwy Cir 1628, Grove City, OH 43123-8650
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-2621741
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
11,820 SF
Lot
1.58 ac (68,955 SF)
APN
040-011901
UPID
US66-2621741
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
-
Moses-Mouser & Associates Ophthalmologist Optician
-
Dr. James Moses Ophthalmologist
-
Dr. James Mouser Ophthalmologist
-
Dr. Jennifer Bogucki Ophthalmologist
-
Joshua Morris Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.00M
Owner & transaction history
Gateway Holding Co II LLC · 7 yrs held
Gateway Holding Co II LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+10.2%
Neighborhood: shopping center
$1.9M
+9.6%
Medical building
$1.8M
+0.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,585,000
6.5%
$2,390,000
7%
$2,220,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,770,000
Current use
AUTO REPAIR, GARAGE
$1,950,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,940,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$1,780,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,715,000
Change: -3% · Conversion: Easy
RETAIL STORES
$1,475,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±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
$169 / 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
$41,735
Tax year 2023
Assessed value
$555,630
Assessed 2023
Previous assessed
$393,470
+41.2% YoY
Effective rate
7.51%
On assessed value
Assessed land
$120,680
Assessed improvement
$434,950
Land market value
$344,800
Improvement market value
$1,242,700
Total market value
$1,587,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
11,820 SF
Lot
1.58 ac (68,955 SF)
APN
040-011901
UPID
US66-2621741
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
OFFICE BUILDING Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2003
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Gateway Holding Co II LLC
Entity
Mailing address
1600 GTWY CIR #1628, GROVE CITY, OH 43123-8650
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2019
—
Gateway Holding Company II LLC
—
Deed
related
$1,877,000 · Pnc Bank NA
Jun 17, 2019
—
Gateway Holding Co II LLC
1600 Gateway LLC
Quit Claim Deed
—
Oct 6, 2016
—
1600 Gateway LLC
The Blue Moon Meeting Center LLC
Warranty Deed
$1,288,000 · The Vinton County National Bank
—
—
Justme LLC
—
Deed Of Trust
related
$645,000 · Park Nat'l Bk
—
—
Justme LLC
—
Deed Of Trust
related
$533,000 · Community Dev Commission
—
—
Justme LLC
—
Deed Of Trust
related
$645,000 · Park Nat'l 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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