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Property profile & analytics
OFF-MARKET
Estimated value
$11,500,000
Medical Office Space
2030 Stringtown Rd Grove City, OH 43123-3993
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2439551
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
48,885 SF
Lot
4.8 ac (209,219 SF)
APN
040-010455
UPID
US66-2439551
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
-
OhioHealth Laboratory Services - Grove City Health Center Medical Laboratory
-
Doctors Hospital Radiology Medical Clinic
-
Karen Cheryl Evans, MD Physician Medical Clinic
-
Columbus Metropolitan Plastic Physician Medical Clinic
-
Grant Family Practive: Jeffers Gary MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.50M
CAP Approach
CAP
$7.45M
Comparable Approach
Comparable
$7.08M
Blend (final)
Blend
$11.50M
Owner & transaction history
Ohiohealth Corporation · 1 yrs held
Ohiohealth Corporation
since 2024
Last sale
$11.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.2M
+93.3%
Auto repair, garage
$8.1M
+9.6%
Neighborhood: shopping center
$8.0M
+9.1%
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
$11,500,000
ML approach
$11,500,000
CAP Approach
CAP Return
Estimation
6%
$8,065,000
6.5%
$7,445,000
7%
$6,910,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,355,000
Current use
RESTAURANT
$14,210,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,060,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,020,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$7,315,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,085,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$11.50M
Range $10.35M – $12.65M · ±10% · vs last sale $11.50M (Nov 14 2024)
Last sale anchor
$11.50M
Nov 14 2024
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
$235 / 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
$181,194
Tax year 2023
Assessed value
$2,412,280
Assessed 2023
Previous assessed
$2,255,720
+6.9% YoY
Effective rate
7.51%
On assessed value
Assessed land
$428,370
Assessed improvement
$1,983,910
Land market value
$1,223,900
Improvement market value
$5,668,300
Total market value
$6,892,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
48,885 SF
Lot
4.8 ac (209,219 SF)
APN
040-010455
UPID
US66-2439551
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
MEDICAL BUILDING Current
Est. value
$7.4M
RESTAURANT
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
OFFICE BUILDING
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.1M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
4.8 ac
Current owner
From public records · entity-resolved
Ohiohealth Corporation
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2024
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
Nov 14, 2024
$11,500,000
Ohiohealth Corporation
Doc 2030 Stringtown Road Mob LLC
Deed
—
Jul 31, 2015
—
Doc-2030 Stringtown Road Mob L
Grove Medical Dev LLC
Grant Deed
—
Jun 23, 2005
—
Grove Medical Dev LLC
—
Deed Of Trust
related
$7,400,000 · General Elec Com'l Fin Busn Pr
—
—
Grove Medical Development LLC
—
Deed Of Trust
related
$6,400,000 · General Electric Capital Busin
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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