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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Flex space
2087 Hendrix Dr Grove City, OH 43123-1216
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2576971
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1972
Construction
WOOD
Total area
14,667 SF
Lot
1.24 ac (53,927 SF)
Zoning code
2065
APN
570-126836
UPID
US66-2576971
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
-
Seasons Lawn & Landscaping Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Crl Leasing LLC · 3 yrs held
Crl Leasing LLC
since 2022
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
2065 · Grove City, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+105.1%
Neighborhood: shopping center
$2.4M
+104.0%
Medical building
$2.2M
+87.1%
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
$1,565,000
ML approach
$1,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,180,000
Current use
AUTO REPAIR, GARAGE
$2,420,000
Change: +105% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,405,000
Change: +104% · Conversion: Difficult
MEDICAL BUILDING
$2,205,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$2,195,000
Change: +86% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,125,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$1,835,000
Change: +55% · Conversion: Moderate
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10% · vs last sale $1.50M (Nov 16 2022)
Last sale anchor
$1.50M
Nov 16 2022
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
$106 / 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
$10,534
Tax year 2023
Assessed value
$164,050
Assessed 2023
Previous assessed
$154,110
+6.4% YoY
Effective rate
6.42%
On assessed value
Assessed land
$26,010
Assessed improvement
$138,040
Land market value
$74,300
Improvement market value
$394,400
Total market value
$468,700
Applied tax rate
570.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
14,667 SF
Lot
1.24 ac (53,927 SF)
Zoning code
2065
APN
570-126836
UPID
US66-2576971
Jurisdiction
FRANKLIN
Zoning & alternative use
2065 · Grove City, OH
Zoning 2065 · permitted uses
2065 · Grove City, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grove City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1972
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Crl Leasing LLC
Entity
Mailing address
2087 HENDRIX DR, GROVE CITY, OH 43123-1216
Ownership since
2022
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 16, 2022
$1,500,000
Crl Leasing LLC
Ideal Investment Properties Ltd
Limited Warranty Deed
—
Apr 1, 2016
$600,000
Ideal Investment Props Ltd
Larry B Dooley INC
Grant Deed
—
—
—
Larry B Dooley INC
—
Deed Of Trust
related
$295,000 · Arlington Bk
—
—
Larry B Dooley INC
—
Deed Of Trust
related
$510,000 · Insight Bank
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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