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Property profile & analytics
OFF-MARKET
Estimated value
$10,870,000
Community centers
1701 Stringtown Rd 1715, Grove City, OH 43123-9125
Individually Owned
~
Est. High Equity
Property ID
US66-1396796
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2004
Total area
52,354 SF
Lot
15.46 ac (673,568 SF)
APN
040-012076
UPID
US66-1396796
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
$9.77M
CAP Approach
CAP
$11.50M
Comparable Approach
Comparable
$15.15M
Blend (final)
Blend
$10.87M
Owner & transaction history
Burlington Coat Factory Of Texas In
Burlington Coat Factory Of Texas In
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.2M
+77.2%
Auto repair, garage
$8.6M
+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
$9,770,000
CAP Approach
CAP Return
Estimation
6%
$12,450,000
6.5%
$11,495,000
7%
$10,675,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,590,000
Current use
RESTAURANT
$15,220,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,630,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$7,875,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$7,835,000
Change: -9% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,590,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$10.87M
Range $9.78M – $11.96M · ±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
$208 / 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
$482,176
Tax year 2023
Assessed value
$6,414,010
Assessed 2023
Previous assessed
$5,433,800
+18.0% YoY
Effective rate
7.52%
On assessed value
Assessed land
$3,301,350
Assessed improvement
$3,112,660
Land market value
$9,432,400
Improvement market value
$8,893,300
Total market value
$18,325,700
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2004
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
52,354 SF
Lot
15.46 ac (673,568 SF)
APN
040-012076
UPID
US66-1396796
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.6M
RESTAURANT
Est. value
$15.2M
AUTO REPAIR, GARAGE
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2004
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
15.46 ac
Current owner
From public records · entity-resolved
Burlington Coat Factory Of Texas In
Individual
Mailing address
38 WASHINGTON SQ, NEWPORT, RI 02840-2946
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2025
—
Burlington Coat Factory Of Texas In
Rcg Grove City Pm LLC
Deed
—
Sep 8, 2023
—
Arg Pcgrooh001 LLC
—
Deed
related
$100,000 · Bank Of Montreal
May 13, 2022
$20,350,300
Arg Pcgrooh001 LLC
Stingtown South LLC
Limited Warranty Deed
—
Aug 31, 2016
—
Stringtown South LLC
—
Deed
related
$14,250,000 · Miscellaneous Ins Co
Mar 11, 2005
$12,940,700
Stringtown South LLC
Stringtown Partners South LLC
Grant Deed
—
—
—
Stringtown South LLC
—
Deed Of Trust
related
$14,250,000 · Miscellaneous Ins Co
—
—
Stringtown South LLC
—
Deed Of Trust
related
$14,250,000 · Miscellaneous Ins Co
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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