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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Automotive properties
2537 Harrisburg Pike 2561 Grove City, OH 43123-1453
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-1394451
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1991
Total area
5,376 SF
Lot
2.6 ac (113,125 SF)
Zoning code
3537
APN
160-000227
UPID
US66-1394451
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$640k
Owner & transaction history
Funkys Investments LLC · 7 yrs held
Funkys Investments LLC
since 2019
3 recorded transactions
Zoning & alternative use
3537 · Grove City, OH
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 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
AUTO REPAIR, GARAGE
$885,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$810,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: -9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$119 / 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
$14,608
Tax year 2023
Assessed value
$203,980
Assessed 2023
Previous assessed
$148,440
+37.4% YoY
Effective rate
7.16%
On assessed value
Assessed land
$85,960
Assessed improvement
$118,020
Land market value
$245,600
Improvement market value
$337,200
Total market value
$582,800
Applied tax rate
160.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1991
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Rooms
10
Bathrooms
2
Total area
5,376 SF
Lot
2.6 ac (113,125 SF)
Zoning code
3537
APN
160-000227
UPID
US66-1394451
Jurisdiction
FRANKLIN
Zoning & alternative use
3537 · Grove City, OH
Zoning 3537 · permitted uses
3537 · 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
AUTO REPAIR, GARAGE Current
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
MEDICAL BUILDING
Est. value
$810,000
OFFICE BUILDING
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1991
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
10
Bathrooms
2
Lot
2.6 ac
Current owner
From public records · entity-resolved
Funkys Investments LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1283 WHITE RD, GROVE CITY, OH 43123-8996
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2019
—
Funkys Investments LLC
—
Deed
related
$395,000 · Heartland Bank
Apr 23, 2019
$350,000
Funkys Investments LLC
Atps Properties LLC
Grant Deed
—
Aug 21, 2017
—
Lucia A Ely
Automatic Temperature & Proces
Quit Claim 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.
Try Rey
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