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Property profile & analytics
FOR LEASE
Office buildings
1660 Gateway Cir Grove City, OH 43123
Individually Owned
17-yr Hold
Free & Clear
Property ID
US66-6239310
For Lease
1 / 20
$955,000
1660 Gateway Cir, Grove City, OH 43123
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
5,466 SF
Lot
1.16 ac (50,399 SF)
APN
040-010134
UPID
US66-6239310
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
-
NFM Lending - Grove City, OH - Branch 341 Loan Service Bank
-
Billy Hollis at NFM Lending Loan Service Bank
-
The Jacob Smith Team with NFM Lending Loan Service Bank
-
The Justus Sharp Team of NFM Lending Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$995k
Blend (final)
Blend
$955k
Owner & transaction history
Grand Aerie Of Fraternal Order & Ea · 17 yrs held
Grand Aerie Of Fraternal Order & Ea
since 2008
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+94.2%
Auto repair, garage
$900,000
+10.2%
Neighborhood: shopping center
$895,000
+9.6%
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%
$1,195,000
6.5%
$1,105,000
7%
$1,025,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$820,000
Current use
RESTAURANT
$1,590,000
Change: +94% · Conversion: Moderate
AUTO REPAIR, GARAGE
$900,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$790,000
Change: -3% · Conversion: Easy
RETAIL STORES
$685,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$175 / 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
$20,280
Tax year 2023
Assessed value
$269,990
Assessed 2023
Previous assessed
$250,260
+7.9% YoY
Effective rate
7.51%
On assessed value
Assessed land
$88,200
Assessed improvement
$181,790
Land market value
$252,000
Improvement market value
$519,400
Total market value
$771,400
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
For Lease
Year built
1999
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,466 SF
Lot
1.16 ac (50,399 SF)
APN
040-010134
UPID
US66-6239310
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
$820,000
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$900,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$895,000
MEDICAL BUILDING
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$790,000
RETAIL STORES
Est. value
$685,000
OFFICE BUILDING Current
RESTAURANT
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
1999
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Grand Aerie Of Fraternal Order & Ea
Individual
Free & Clear · 17 yrs held
Mailing address
1623 GTWY CIR, GROVE CITY, OH 43123-9309
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2008
$635,000
Grand Aerie Of Fraternal Order & Ea
Countrytyme Grove City Ltd
Warranty Deed
—
Sep 30, 2003
$610,000
Countrytyme Grove City Ltd
Marlane Capital Holdings LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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