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Property profile & analytics
OFF-MARKET
Drive through restaurants
1665 Stringtown Rd Grove City, OH 43123
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-1395189
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2007
Construction
WOOD
Total area
1,645 SF
Lot
1.25 ac (54,363 SF)
APN
040-009232
UPID
US66-1395189
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
Sri Real Estate Properties LLC · 7 yrs held
Sri Real Estate Properties LLC
since 2019
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
$31,102
Tax year 2023
Assessed value
$411,400
Assessed 2023
Previous assessed
$253,930
+62.0% YoY
Effective rate
7.56%
On assessed value
Assessed land
$266,390
Assessed improvement
$145,010
Land market value
$761,100
Improvement market value
$414,300
Total market value
$1,175,400
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Rooms
4
Bathrooms
1
Total area
1,645 SF
Lot
1.25 ac (54,363 SF)
APN
040-009232
UPID
US66-1395189
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
4
Bathrooms
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Sri Real Estate Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
300 JOHNNY BENCH DR, OKLAHOMA CITY, OK 73104-2471
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2019
$725,500
Sri Real Estate Properties LLC
Houchens Restaurants LLC
Grant Deed
—
Dec 2, 2008
$1,822,500
Houchens Restaurants LLC
Sri Real Estate Properties LLC
Warranty Deed
—
May 15, 2008
—
Sri Real Estate Properties LLC
Sonic Restaurants INC
Warranty Deed
—
Jan 24, 2007
$800,000
Sonic Restaurants INC
Stringtown Partners South LLC
Grant Deed
—
Sep 9, 2005
$1,100,000
Gmri INC
Stringtown Partners South LLC
Grant Deed
—
Nov 1, 2004
$535,000
Cricchip Acquisition Co LLC
Stringtown Partners South LLC
Grant Deed
—
Oct 29, 2004
$975,000
Red Robin International INC
Stringtown Partners South LLC
Deed Of Trust
related
$85,000,000 · Wachovia Bk/ga
Jul 28, 2004
—
Stringtown Partners North LLC
City Of Grove City
Quit Claim Deed
related
—
Jun 2, 2004
$700,000
Ocharleys INC
Stringtown Partners South LLC
Grant Deed
—
Apr 21, 2004
$400,000
Stringtown Road Dairy Queen Lc
Stringtown Partners South LLC
Grant Deed
related
$424,463 · Fifth Third Bank Central Ohio
Feb 4, 2004
$500,000
Steak N Shake Operations INC
Stringtown Partners South LLC
Grant Deed
—
Nov 17, 2003
$3,840,000
Real Est Business Tru Wal-mart
Stringtown Partners South LLC
Grant Deed
—
Nov 12, 2003
—
Damante,mark A Tr
Stringtown Partners South LLC
Grant Deed
related
—
Jan 28, 2003
—
Stringtown Partners South LLC
Greenlawn Realty Co
Quit Claim Deed
related
—
Oct 11, 2002
—
Grove City (oh)
Stringtown Partners South LLC
Grant Deed
related
—
Sep 4, 2002
—
Stringtown Partners South LLC
Greenlawn Realty Co
Grant Deed
related
—
Jan 12, 2001
$375,000
Greenlawn Realty Co
Vlahos,john J
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.
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