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Property profile & analytics
OFF-MARKET
Estimated value
$4,625,000
Distribution centers
2200 Spiegel Dr Groveport, OH 43125-9170
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2755370
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1996
Total area
483,372 SF
Lot
22.34 ac (973,087 SF)
APN
495-233211
UPID
US66-2755370
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
-
Lululemon Athletica Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.63M
Owner & transaction history
Lululemon USA INC · 12 yrs held
Lululemon USA INC
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Groveport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Groveport 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$10 / 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
$551,842
Tax year 2023
Assessed value
$6,162,390
Assessed 2023
Previous assessed
$4,665,260
+32.1% YoY
Effective rate
8.95%
On assessed value
Assessed land
$759,820
Assessed improvement
$5,402,570
Land market value
$2,170,900
Improvement market value
$15,435,900
Total market value
$17,606,800
Applied tax rate
495.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1996
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
483,372 SF
Lot
22.34 ac (973,087 SF)
APN
495-233211
UPID
US66-2755370
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
Building & site characteristics
From public records
Year built
1996
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
22.34 ac
Current owner
From public records · entity-resolved
Lululemon USA INC
Entity
Free & Clear · 12 yrs held
Mailing address
400-1818 CORNWALL AVE VANCOUVER BC V J C C XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2013
$7,818,700
Lululemon USA INC
Tcg I Groveport LLC
Grant Deed
—
Feb 4, 2011
—
Tcg I Groveport LLC
—
Deed Of Trust
related
$4,725,000 · Aviva Life & Annuity Co
Apr 7, 2009
$6,650,000
Tcg I Groveport LLC
Fr Nlf 8 LLC
Grant Deed
$8,820,000 · First Industrial LP
Mar 28, 2005
$9,000,000
Fr Nlf 8 LLC
Broadmeadows
Grant Deed
$8,250,000 · Connecticut General Life Ins
Sep 10, 1997
$8,900,000
Ccodc LLC
Circuit City Stores INC
Grant Deed
$8,756,000 · New York Life Insurance
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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