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Property profile & analytics
OFF-MARKET
Estimated value
$6,215,000
Grocery and convenience stores
2430 Stringtown Rd 2474 Grove City, OH 43123-3928
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-2087915
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1976
Total area
57,976 SF
Lot
7.87 ac (342,948 SF)
Zoning code
2402
APN
040-002135
UPID
US66-2087915
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
-
Quick-Tag (Bike/Boat/Book/etc) Store Pet Store & Service
-
i.d. SPOT (Bike/Boat/Book/etc) Store Pet Store & Service
-
VIP Petcare Wellness Center Veterinary Clinic
-
Pet Supplies Plus Grove City (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.59M
Blend (final)
Blend
$6.22M
Owner & transaction history
State Street Holding INC · 11 yrs held
State Street Holding INC
since 2014
6 recorded transactions
Zoning & alternative use
2402 · Grove City, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.6M
+31.9%
Neighborhood: shopping center
$9.5M
+31.3%
Medical building
$8.7M
+20.4%
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
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
RETAIL STORES
$7,245,000
Current use
AUTO REPAIR, GARAGE
$9,560,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,510,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$8,720,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$8,675,000
Change: +20% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,405,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,820,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$6.22M
Range $5.59M – $6.84M · ±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
$107 / 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
$162,357
Tax year 2023
Assessed value
$2,161,500
Assessed 2023
Previous assessed
$1,932,710
+11.8% YoY
Effective rate
7.51%
On assessed value
Assessed land
$626,290
Assessed improvement
$1,535,210
Land market value
$1,789,400
Improvement market value
$4,386,300
Total market value
$6,175,700
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1976
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
57,976 SF
Lot
7.87 ac (342,948 SF)
Zoning code
2402
APN
040-002135
UPID
US66-2087915
Jurisdiction
FRANKLIN
Zoning & alternative use
2402 · Grove City, OH
Zoning 2402 · permitted uses
2402 · Grove City, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grove City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$9.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$5.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1976
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
7.87 ac
Current owner
From public records · entity-resolved
State Street Holding INC
Entity
Mailing address
250 CIVIC CTR DR STE #500, COLUMBUS, OH 43215-5088
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
—
Grove City Plaza LP
—
Deed
related
$5,500,000 · Cmfg Life Insurance Co
Dec 15, 2014
—
State Street Holding INC
Grove City Plaza LP
Quit Claim Deed
related
$24,330,000 · Miscellaneous Ins Co
May 5, 2014
—
Grove City Plaza LP
State Street Holding INC
Warranty Deed
—
Jan 3, 2014
—
State Street Holding INC Tr
Grove City Plaza LP
Grant Deed
related
—
Dec 6, 2013
—
State Street Holding INC Tr
Grove City Plaza LP
Warranty Deed
related
—
—
—
Grove City Plaza LP
—
Loan Modification
related
$34,730,000 · Miscellaneous Ins Co
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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