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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Turn key restaurants
1879 Stringtown Rd Grove City, OH 43123-8836
Individually Owned
6-yr Hold
Free & Clear
Property ID
US66-2144448
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Total area
5,854 SF
Lot
2 ac (86,946 SF)
APN
040-005958
UPID
US66-2144448
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
-
Bob Evans Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$530k
Owner & transaction history
Shawn S Cole · 6 yrs held
Shawn S Cole
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
Method
Estimation
Statistic approach
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$91 / 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
$35,381
Tax year 2023
Assessed value
$471,040
Assessed 2023
Previous assessed
$350,010
+34.6% YoY
Effective rate
7.51%
On assessed value
Assessed land
$332,400
Assessed improvement
$138,640
Land market value
$949,700
Improvement market value
$396,100
Total market value
$1,345,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2004
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
2
Total area
5,854 SF
Lot
2 ac (86,946 SF)
APN
040-005958
UPID
US66-2144448
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
2004
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
2 ac
Current owner
From public records · entity-resolved
Shawn S Cole
Individual
Free & Clear · 6 yrs held
Mailing address
500 W MAIN ST, WYCKOFF, NJ 07481-1439
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2019
$3,964,700
Shawn S Cole
1135 Bronx River Ave Corp
Grant Deed
—
Nov 22, 2017
$3,584,100
1135 Bronx River Ave Corp
Ber Real Est Investments I LLC
Grant Deed
—
May 25, 2017
$7,200,000
Ber R & E Invs I LLC
Bob Evans Farms LLC
Grant Deed
related
$200,000,000 · Wells Fargo Bk
Mar 22, 2013
$369,600
Stringtown Road Grove City LLC
Bob Evans Farms LLC
Limited Warranty Deed
—
Mar 22, 2013
$750,400
Stringtown Road Grove City LLC
Bob Evans Farms LLC
Grant Deed
—
Mar 15, 2004
$1,581,200
Drury Hotels Corp
Bob Evans Farms INC
Grant Deed
—
Jul 23, 2003
$236,700
Hawkstone Associates INC
Bob Evans Farms INC
Grant Deed
—
Oct 31, 2002
$3,000,000
Bob Evans Farms INC
Harihar INC
Grant Deed
—
Aug 27, 2002
$80,000
Lucas State Street Stringtown
Harlhar INC
Grant Deed
—
Jan 28, 2000
$2,200,000
Harihar INC
Ryggh INC
Trustees Deed
—
—
—
Harihar INC
—
Deed Of Trust
related
$2,500,000 · Heller First Capital
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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