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Property profile & analytics
FOR LEASE
Office buildings
1929 Gateway Cir Grove City, OH 43123
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US66-2451886
For Lease
1 / 62
$2,225,000
1929 Gateway Cir, Grove City, OH 43123
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
11,970 SF
Lot
2.06 ac (89,908 SF)
APN
040-013521
UPID
US66-2451886
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
-
Matts Heating and Cooling Company HVAC Service General Contractor
-
Ohio State Cosmetology and Barber Board State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$2.23M
Owner & transaction history
Grand Aerie Of The Fraternal Order Of Eagles
Grand Aerie Of The Fraternal Order Of Eagles
since 2026
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+94.2%
Auto repair, garage
$2.0M
+10.2%
Neighborhood: shopping center
$2.0M
+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%
$2,620,000
6.5%
$2,420,000
7%
$2,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,790,000
Current use
RESTAURANT
$3,480,000
Change: +94% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,975,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,965,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$1,800,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,735,000
Change: -3% · Conversion: Easy
RETAIL STORES
$1,495,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±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
$186 / 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
$55,527
Tax year 2023
Assessed value
$739,240
Assessed 2023
Previous assessed
$654,650
+12.9% YoY
Effective rate
7.51%
On assessed value
Assessed land
$157,330
Assessed improvement
$581,910
Land market value
$449,500
Improvement market value
$1,662,600
Total market value
$2,112,100
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
2007
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
11,970 SF
Lot
2.06 ac (89,908 SF)
APN
040-013521
UPID
US66-2451886
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
$1.8M
RESTAURANT
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
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
2007
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Grand Aerie Of The Fraternal Order Of Eagles
Individual
Mailing address
522 N STATE ST, WESTERVILLE, OH 43082-9002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
$2,050,000
Grand Aerie Of The Fraternal Order Of Eagles
Windsor Boltworks LLC
Special Warranty Deed
—
Dec 3, 2013
$2,810,000
Windsor Boltworks LLC
Anchor Govt Props III LLC
Grant Deed
$2,050,000 · Sa Realty LLC
Jul 8, 2008
—
Anchor Govt Props III LLC
Gateway Aga LLC
Grant Deed
related
—
Feb 1, 2008
—
Anchor Government III LLC
Gateway Aga LLC
Warranty Deed
—
Jan 28, 2008
—
Mann,richard L Tr
Gateway Aga LLC
Quit Claim Deed
related
—
—
—
Windsor Boltworks LLC
—
Deed Of Trust
related
$3,962,000 · First Fin'l Bk&tr
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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