Financial
Distress signals
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
Last sale Dec 2018 · $1,000,000
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
1645 Gateway Cir, Grove City, OH 43123 For Lease
$15,500/Mo 15,500 SF available
1645 Gateway Cir, Grove City, OH 43123
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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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value$429k
Assessed land$91k
Assessed improvement$339k
Effective rate7.51%

Value estimate

· Sep 2026
$420k
$378k – $462k
Sales comparison$1.25M
NOI build-up
Gross scheduled income$335k
Vacancy & credit loss−$80k
Operating expenses−$64k
NOI · 1,231.20% cap applied$191k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$100/SF
County average, outlier-cleaned · 445 recorded sales of this use type
Observed band · Q1–Q3$39 – $193

Cap rate analysis

How does the asset earn?
1,231.20%
$191k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFRANKLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Spa & Massage
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Spa & Massage7.5
Realty agency8.0
Wholesale Shop8.7

Location

1645 Gateway Cir Grove City, OH 43123
County assessor Recorded deeds · 1 transfer Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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