Property profile

1947 Stringtown Rd Grove City, OH 43123

FOR LEASE
Turn key restaurants
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Property ID
US66-0212024
10,701 SF 2.04 ac Built 1968
Last sale Sep 2012·$249,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a commercial land parcel located just off I-71 near Exit 100 with access to Stringtown Road. It is positioned for customer-facing retail or service development that can benefit from straightforward roadway connectivity. The surrounding area includes nearby hospitality uses and national restaurant and gas chain locations, and the site is on Stringtown Road with reported traffic of 33,264 vehicles per day, providing roadside exposure to passing motorists. As land, the parcel…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$31k
Tax billed · 2023
Assessed value$407k
Assessed land$245k
Assessed improvement$162k
Effective rate7.51%

Value estimate

· Nov 2026
$450k
$405k – $495k
Submarket $/SF estimate$851k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$291/SF
County average, outlier-cleaned · 215 recorded sales of this use type
Observed band · Q1–Q3$121 – $466

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFRANKLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm23.9
Wholesale Shop18.7
Building Supply13.9

Location

1947 Stringtown Rd Grove City, OH 43123
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2878 Home, Grove City, OH 43123-1771 $1,750,000 Jan 2026 6,354 SF
3827 Broadway, Grove City, OH 43123-2204 $603,000 Dec 2025 5,914 SF
2120 Stringtown, Grove City, OH 43123-2931 $2,412,600 Jun 2025 10,113 SF
3575 Broadway, Grove City, OH 43123-2240 $3,200,000 May 2025 12,924 SF
1657 Stringtown, Grove City, OH 43123-8265 $2,600,000 May 2024 5,696 SF
1635 Stringtown, Grove City, OH 43123-8265 $2,987,787 Jun 2023 7,068 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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