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Property profile & analytics
FOR LEASE
Warehouses
2353 Global Dr Groveport, OH 43137
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-5192823
For Lease
1 / 3
$16,305,000
2353 Global Dr, Groveport, OH 43137
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Total area
162,000 SF
Lot
8.26 ac (360,023 SF)
APN
152-001982
UPID
US66-5192823
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.74M
Blend (final)
Blend
$16.31M
Owner & transaction history
The Industrial Fund Obetz LLC · 4 yrs held
The Industrial Fund Obetz LLC
since 2021
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$26.7M
+85.4%
Neighborhood: shopping center
$26.6M
+84.4%
Medical building
$24.4M
+69.1%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,410,000
Current use
AUTO REPAIR, GARAGE
$26,710,000
Change: +85% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$26,575,000
Change: +84% · Conversion: Moderate
MEDICAL BUILDING
$24,365,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$23,485,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$22,265,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$20,245,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$16.31M
Range $14.67M – $17.94M · ±10%
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
$101 / 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
$21,890
Tax year 2023
Assessed value
$4,776,840
Assessed 2023
Previous assessed
$4,792,140
-0.3% YoY
Effective rate
0.46%
On assessed value
Assessed land
$289,280
Assessed improvement
$4,487,560
Land market value
$826,500
Improvement market value
$12,821,600
Total market value
$13,648,100
Applied tax rate
152.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2017
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
162,000 SF
Lot
8.26 ac (360,023 SF)
APN
152-001982
UPID
US66-5192823
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
WAREHOUSE, STORAGE Current
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$26.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.6M
MEDICAL BUILDING
Est. value
$24.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$23.5M
OFFICE BUILDING
Est. value
$22.3M
RETAIL STORES
Est. value
$20.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2017
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
8.26 ac
Current owner
From public records · entity-resolved
The Industrial Fund Obetz LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2 NEWTON PL 255TH WASHINGTON ST STE #300, NEWTON, MA 02458
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
The Industrial Fund Obetz LLC
Ilpt Properties LLC
Limited Warranty Deed
—
Aug 26, 2019
—
Village Of Obetz Ohio
Pizzuti Of Creekside Xvi LLC
Warranty Deed
—
Aug 26, 2019
$31,900,000
Ilpt Properties LLC
Pizzuti Of Creekside Xvi LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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