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Property profile & analytics
OFF-MARKET
Estimated value
$13,060,000
Strip malls
2167 Stringtown Rd 2209, Grove City, OH 43123-2989
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2398806
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Total area
97,123 SF
Lot
9.15 ac (398,574 SF)
APN
040-007496
UPID
US66-2398806
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
-
Opus Virtual Offices Real Estate Agency
-
Pitabilities Restaurant
-
Amazon Hub Locker - Stopsign Postal Service Courier Service
-
FedEx Authorized ShipCenter Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.28M
Blend (final)
Blend
$13.06M
Owner & transaction history
Mgm Derby Creek LLC · 4 yrs held
Mgm Derby Creek LLC
since 2021
Last sale
$13.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.0M
+0.5%
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
$13,110,000
ML approach
$9,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,930,000
Current use
AUTO REPAIR, GARAGE
$16,015,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$14,610,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$14,535,000
Change: -9% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$14,080,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$13.06M
Range $11.75M – $14.37M · ±10% · vs last sale $13.92M (Nov 24 2021)
Last sale anchor
$13.92M
Nov 24 2021
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
$134 / 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
$285,403
Tax year 2023
Assessed value
$3,799,640
Assessed 2023
Previous assessed
$3,799,640
+0.0% YoY
Effective rate
7.51%
On assessed value
Assessed land
$849,240
Assessed improvement
$2,950,400
Land market value
$2,426,400
Improvement market value
$8,429,700
Total market value
$10,856,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
97,123 SF
Lot
9.15 ac (398,574 SF)
APN
040-007496
UPID
US66-2398806
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$15.9M
AUTO REPAIR, GARAGE
Est. value
$16.0M
MEDICAL BUILDING
Est. value
$14.6M
OFFICE BUILDING
Est. value
$14.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1992
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
9.15 ac
Current owner
From public records · entity-resolved
Mgm Derby Creek LLC
Entity
Mailing address
475 METRO PL S STE 81E, DUBLIN, OH 43017-5383
Ownership since
2021
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 24, 2021
$13,922,300
Mgm Derby Creek LLC
Ddrm Derby Square LLC
Limited Warranty Deed
$12,970,500 · S & T Bank
Jun 21, 2017
—
Ddrm Derby Square LLC
—
Grant Deed
related
$274,760,000 · Morgan Stanley Bk
Jun 20, 2007
—
Ddrm Derby Square LLC
Ddr Derby Square LLC
Grant Deed
$885,000,000 · Lasalle National Bank
Apr 1, 1998
$11,770,000
Ddr Continental LP
Derby Square LP
Grant Deed
—
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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