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Property profile & analytics
OFF-MARKET
Estimated value
$17,470,000
Warehouses
2400 Spiegel Dr Groveport, OH 43125-9132
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2403387
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
330,000 SF
Lot
16.65 ac (725,187 SF)
APN
495-239965
UPID
US66-2403387
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
-
Select Optical Inc. Production Facility
-
Essilor of America Inc Distribution Center Logistics Company
-
EssilorLuxottica Bell Optical Big Box & Wholesale Store
-
Allright logics Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.47M
Owner & transaction history
Pool 2 Industrial Oh LLC · 4 yrs held
Pool 2 Industrial Oh LLC
since 2021
Last sale
$20.2M
7 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
Method
Estimation
Statistic approach
$19,020,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.47M
Range $15.72M – $19.22M · ±10% · vs last sale $20.20M (Nov 24 2021)
Last sale anchor
$20.20M
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
$53 / 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
$530,401
Tax year 2023
Assessed value
$5,922,950
Assessed 2023
Previous assessed
$5,039,160
+17.5% YoY
Effective rate
8.96%
On assessed value
Assessed land
$582,790
Assessed improvement
$5,340,160
Land market value
$1,665,100
Improvement market value
$15,257,600
Total market value
$16,922,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
330,000 SF
Lot
16.65 ac (725,187 SF)
APN
495-239965
UPID
US66-2403387
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
1999
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
16.65 ac
Current owner
From public records · entity-resolved
Pool 2 Industrial Oh LLC
Entity
Free & Clear · 4 yrs held
Mailing address
101 W ELM ST STE #600, CONSHOHOCKEN, PA 19428-2075
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
37 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
$20,197,900
Pool 2 Industrial Oh LLC
Exeter 2400 Spiegel LLC
Limited Warranty Deed
—
Mar 4, 2021
—
Exeter 2400 Spiegel LLC
—
Deed
related
—
Apr 4, 2018
—
Exeter 2400 Spiegel LLC
—
Grant Deed
related
$403,400,000 · Bank Of Nat'l Tr & Svgs
Dec 14, 2017
$14,700,000
Exeter 2400 Spiegel LLC
I & G Direct Real Estate 33b LP
Grant Deed
—
Jan 27, 2014
$10,750,000
I G Direct R 33b LP
Trt-dct Rickenbacker IV LLC
Grant Deed
—
Jul 1, 2008
—
Trt-dct Rickenbacker IV LLC
—
Deed Of Trust
related
$7,504,000 · Ing USA Annunity & Life Ins Co
Jan 29, 2008
$1,008,800
Trt Rickenbacker LLC
Dcx Torre Rickenbacker LLC
Grant Deed
—
Jan 29, 2008
$274,600
Trt Rickenbacker LLC
Dcx Weber Bw Rickenbacker Ll
Grant Deed
—
Jan 29, 2008
$638,700
Trt Rickenbacker LLC
Dcx Mcclintock Rickenbacker Ll
Grant Deed
—
Jan 29, 2008
$1,970,400
Trt Rickenbacker LLC
Dcx Cados Rickenbacker LLC
Grant Deed
—
Jan 29, 2008
$589,600
Trt Rickenbacker LLC
Dcx Gianoli Rickenbacker LLC
Grant Deed
—
Jan 29, 2008
$550,200
Trt Rickenbacker LLC
Dcx Fromelt Rickenbacker LLC
Grant Deed
—
Jan 29, 2008
$576,500
Trt Rickenbacker LLC
Dcx Delreal Rickenbacker LLC
Grant Deed
—
Jan 29, 2008
$2,373,100
Trt Rickenbacker LLC
Dcx Brunner Rickenbacker LLC
Grant Deed
—
Jan 29, 2008
$2,710,000
Trt Rickenbacker LLC
Dcx Summers Rickenbacker LLC
Grant Deed
—
Jan 29, 2008
$1,013,400
Trt Rickenbacker LLC
Dcx Gale Rickenbacker LLC
Grant Deed
—
Jan 29, 2008
$560,100
Trt Rickenbacker LLC
Dcx Vanlandingham Rickenbacker
Grant Deed
—
Jan 29, 2008
$583,700
Trt Rickenbacker LLC
Dcx Craft Rickenbacker LLC
Grant Deed
—
Jan 29, 2008
$549,100
Trt Rickenbacker LLC
Dcx Edmondson Rickenbacker LLC
Grant Deed
—
Jan 29, 2008
$8,200
Trt Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Dec 6, 2006
$282,000
Dcx Weber Bw Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 26, 2006
$2,408,400
Dcx Brunner Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 26, 2006
$649,500
Dcx Brunner Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 26, 2006
$559,000
Dcx Edmondson Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 26, 2006
$570,100
Dcx Edmondson Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 24, 2006
$1,025,000
Dcx Kelleher Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 24, 2006
$594,000
Dcx Craft Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 24, 2006
—
Rickenbacker Leasing LLC
Trt Rickenbacker LLC
Quit Claim Deed
related
—
Oct 24, 2006
$2,750,000
Dcx Summers Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 24, 2006
$1,029,700
Dcx Gale Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 24, 2006
$586,700
Dcx Delreal Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 24, 2006
$600,000
Dcx Gianoli Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 24, 2006
$560,000
Dcx Fromelt Rickenbacker LLC
Rickenbacker Leasing LLC
Grant Deed
—
Oct 17, 2006
$14,216,000
Trt Rickenbacker LLC
Dct Rickenbacker IV LLC
Grant Deed
—
May 19, 2006
$13,805,000
Dct Rickenbacker IV LLC
Rickenbacker IV LLC
Grant Deed
—
May 1, 2001
—
Rickenbacher IV LLC
—
Deed Of Trust
related
$8,138,100 · Connecticut General Life Ins
Feb 11, 2000
—
Rickenbacker IV LLC
Pizzuti Franklin III Ltd
Grant Deed
related
—
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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