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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Office buildings
1667 Gtwy Cir, Grove City, OH 43123-9309
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2398423
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
19,117 SF
Lot
1.55 ac (67,605 SF)
APN
040-010133
UPID
US66-2398423
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
-
Commercial Glass Systems Of Columbus Hardware & Home Improvement Interior Design
-
Hard Money Lenders Grove City OH Loan Service Financial Advisor
-
Maverick Builders Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.09M
Owner & transaction history
Annelies E Badgeley · 3 yrs held
Annelies E Badgeley
since 2022
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+10.2%
Neighborhood: shopping center
$3.1M
+9.6%
Medical building
$2.9M
+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
$2,150,000
ML approach
$2,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,860,000
Current use
AUTO REPAIR, GARAGE
$3,150,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,135,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$2,875,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,770,000
Change: -3% · Conversion: Easy
RETAIL STORES
$2,390,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10% · vs last sale $1.85M (Aug 15 2022)
Last sale anchor
$1.85M
Aug 15 2022
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
$109 / 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
$49,937
Tax year 2023
Assessed value
$664,830
Assessed 2023
Previous assessed
$647,500
+2.7% YoY
Effective rate
7.51%
On assessed value
Assessed land
$118,300
Assessed improvement
$546,530
Land market value
$338,000
Improvement market value
$1,561,500
Total market value
$1,899,500
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
1999
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
19,117 SF
Lot
1.55 ac (67,605 SF)
APN
040-010133
UPID
US66-2398423
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
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.4M
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
1999
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
Annelies E Badgeley
Individual
Mailing address
1623 GTWY CIR, GROVE CITY, OH 43123-9309
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2022
—
Annelies E Badgeley
Annelies E Badgeley
Intrafamily Transfer
related
—
Dec 4, 2018
$1,850,000
Grand Aerie Of The Fraternal O
Maverick Office LLC
Warranty Deed
—
Aug 26, 2002
—
Maverick Office LLC
Mcknight,paul L
Quit Claim Deed
related
—
—
—
Gateway Offices LLC
—
Deed Of Trust
related
$856,000 · 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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