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Property profile & analytics
OFF-MARKET
Estimated value
$10,715,000
Warehouses
2425 Spiegel Dr 2435 Groveport, OH 43125-9278
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2610797
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
227,478 SF
Lot
10.88 ac (473,715 SF)
APN
495-257243
UPID
US66-2610797
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
-
R-CUBES Business Administration Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.72M
Owner & transaction history
Pool 2 Industrial Oh LLC · 4 yrs held
Pool 2 Industrial Oh LLC
since 2021
Last sale
$11.4M
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
$10,735,000
ML approach
$9,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.72M
Range $9.64M – $11.79M · ±10% · vs last sale $11.40M (Nov 24 2021)
Last sale anchor
$11.40M
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
$47 / 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
$318,698
Tax year 2023
Assessed value
$3,558,880
Assessed 2023
Previous assessed
$2,987,740
+19.1% YoY
Effective rate
8.96%
On assessed value
Assessed land
$380,630
Assessed improvement
$3,178,250
Land market value
$1,087,500
Improvement market value
$9,080,700
Total market value
$10,168,200
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
2001
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
227,478 SF
Lot
10.88 ac (473,715 SF)
APN
495-257243
UPID
US66-2610797
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
2001
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
10.88 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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
$11,399,600
Pool 2 Industrial Oh LLC
Exeter 4000 Business Park LLC
Limited Warranty Deed
—
Apr 4, 2018
—
Exeter 2425 Spiegel LLC
—
Grant Deed
related
$403,400,000 · Bank Of Nat'l Tr & Svgs
Jan 26, 2018
$8,536,400
Exeter 2425 Spiegel LLC
Meritex Columbus Industrial I
Grant Deed
—
Oct 26, 2016
—
Meritex Columbus Indl I LLC
—
Deed
related
—
Dec 13, 2012
—
Meritex Columbus Indl I LLC
—
Deed Of Trust
related
$90,000,000 · Us Bank NA
Apr 12, 2012
—
Meritex Columbus Indl I LLC
—
Deed Of Trust
related
$65,000,000 · Us Bk
Dec 29, 2005
—
Meritex Columbus Indl I LLC
Meritex Columbus LLC
Quit Claim Deed
related
—
Oct 4, 2004
$6,500,000
Meritex Columbus LLC
Spiegel Drive LLC
Grant Deed
—
—
—
Meritex Columbus Indl I LLC
—
Loan Modification
related
$105,000,000 · Us Bk
—
—
Meritex Columbus Indl I LLC
—
Loan Modification
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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