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Property profile & analytics
OFF-MARKET
Estimated value
$4,045,000
Warehouses
2450 Spiegel Dr Groveport, OH 43125-9120
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-1932396
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
WOOD
Total area
489,064 SF
Lot
23.74 ac (1,034,071 SF)
APN
495-249651
UPID
US66-1932396
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
-
Paige Electric Electrical Service General Contractor
-
Lamar Graphic Medical Clinic
-
Hollingsworth Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.05M
Owner & transaction history
Thomson Logistics Assets LLC · 8 yrs held
Thomson Logistics Assets LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$8 / 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
$475,711
Tax year 2023
Assessed value
$5,312,240
Assessed 2023
Previous assessed
$4,830,000
+10.0% YoY
Effective rate
8.95%
On assessed value
Assessed land
$747,780
Assessed improvement
$4,564,460
Land market value
$2,136,500
Improvement market value
$13,041,300
Total market value
$15,177,800
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
2000
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
489,064 SF
Lot
23.74 ac (1,034,071 SF)
APN
495-249651
UPID
US66-1932396
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
23.74 ac
Current owner
From public records · entity-resolved
Thomson Logistics Assets LLC
Entity
Free & Clear · 8 yrs held
Mailing address
251 LITTLE FLS DR, WILMINGTON, DE 19808-1674
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
—
Thomson Logistics Assets LLC
—
Deed
related
$117,000,000 · Morgan Stanley Mortgage Capital Holdings
Mar 19, 2019
—
Thomson Logistics Assets LLC
—
Grant Deed
related
$472,000,000 · Miscellaneous Ins Co
May 2, 2018
$20,100,000
Thomson Logistics Assets LLC
Exeter 2450-2500 Spiegel Drive
Grant Deed
—
Jun 28, 2017
—
Exeter 2450-2500 Spiegel Drive
—
Loan Modification
related
$145,500,000 · Wells Fargo Bk
Oct 29, 2014
$13,600,000
Exeter 2450-2500 Spiegel Drive
Dct Rickenbacker V LLC
Grant Deed
—
May 19, 2006
$18,542,000
Dct Rickenbacker V LLC
Rickenbacker V LLC
Grant Deed
—
May 1, 2001
—
Rickenbacher V LLC
—
Deed Of Trust
related
$9,955,700 · Connecticut General Life Ins
Jun 7, 2000
$1,649,900
Rickenbacker V LLC
Pizzuti Holdings LLC
Grant Deed
$10,275,000 · Huntington National Bank
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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