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Property profile & analytics
OFF-MARKET Estimated value $945,000
Medical Office Space

2441 Old Stringtown Rd Grove City, OH 43123-3922

10,044 SF 1.29 ac lot Built 1973
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US66-0164237
Property summary
AI-generated overview

This exceptional 10,000 square foot, two-story medical/office building is situated in the desirable Grove City submarket of Franklin County, Ohio. Built in 1973, the property features a single suite currently available, totaling 500 square feet and located on the second floor. The building is zoned C-1 and boasts ample on-site parking, along with the opportunity for monument signage. Currently, the building houses Capital Sleep Medicine as a tenant. This prime location offers convenient access to Interstate 71 and the heart of Grove City, providing easy commutes for employees and clients. The surrounding area is rich with amenities, including a variety of retail options, restaurants, and banking institutions. The property's address is 2441 Old Stringtown Rd, Grove City, OH 43123, with the APN number 040-001246. This presents a fantastic opportunity for a business seeking a well-located, established space in a thriving community. The building's size and layout offer flexibility for a variety of medical or traditional office uses. The available suite provides a ready-to-occupy space with the benefit of existing infrastructure and a strong neighboring tenant.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1973
Construction WOOD
Total area 10,044 SF
Lot 1.29 ac (56,410 SF)
APN 040-001246
UPID US66-0164237
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
  • Dr. Timothy J. Walter, MD Physician
  • Capitol Sleep Medicine Physician
  • Capitol Sleep Medicine: Marar Uma U MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$945k
Owner & transaction history
Capitoline LLC · 19 yrs held
Capitoline LLC
since 2007
5 recorded transactions
2007
$1.3M
2005
$1.3M
2005
Price N/A
2003
Price N/A
2000
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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