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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2842 Spiegel Dr, Unit 2882 Groveport, OH 43125-9012

    • Warehouses
    • 959,688 SF
    • 55.34 lot acres
    OFF-MARKET
    Value Estimations
    $12,710,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1544010
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Penske Logistics Kraft/Heinz warehouse. / Warehouse & Storage
    • Columbus Marketplace / Corporate Office
    • JAM Commercial Cleaning Services / Commercial Cleaning Service / Carpet Cleaning Service
    • Menasha Packaging / Industrial Manufacturer / Factory
    • Kraft Foods Truck Gate (Port Rd Entrance) / Warehouse & Storage

    Property Details for 2842 Spiegel Dr

    Year built
    2008
    Lot size
    55.34 lot acres
    Property size
    959,688 SF
    Property type
    Warehouses
    APN
    185-002924
    APU
    185002924

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Groveport
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9293
    Latitude
    39.8388
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $151,233
    $1,721,860
    $16,143,020
    $17,864,880
    -
    $4,919,600
    $46,122,900
    $51,042,500

    Comparable in this City

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      $5,555,000
      509,068 SF

      2727 London Groveport Rd

      WAREHOUSE, STORAGE • 509,068 SF
      2727 London Groveport Rd, Groveport, OH 43125-9304
      View Details
    • Value Estimation
      $45,160,000
      636,000 SF

      2829 Rohr Rd, Unit 2869

      WAREHOUSE, STORAGE • 636,000 SF
      2829 Rohr Rd, Groveport, OH 43125-9305
      View Details
    • Value Estimation
      $43,085,000
      241,040 SF

      5770 Saltzgaber Rd

      WAREHOUSE, STORAGE • 241,040 SF
      5770 Saltzgaber Rd, Groveport, OH 43125
      View Details
    • Value Estimation by Request
      785,854 SF

      5235 Westpoint Dr

      WAREHOUSE, STORAGE • 785,854 SF
      5235 Westpoint Dr, Groveport, OH 43125-1189
      View Details
    • Value Estimation
      $5,900,000
      215,260 SF

      6200 Commerce Ctr Dr

      WAREHOUSE, STORAGE • 215,260 SF
      6200 Commerce Ctr Dr, Groveport, OH 43125-1093
      View Details
    • Value Estimation
      $600,000
      15,450 SF

      4281 Professional Pkwy

      MINI-WAREHOUSE, STORAGE • 15,450 SF
      4281 Professional Pkwy, Groveport, OH 43125-7510
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      212,000 SF

      Groveport Cold Storage Facility

      Prime Ohio Warehouse, Refrigerated Space
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      Prime Rickenbacker Airport Land

      1.5-acre commercial lot, high traffic.
      2690 London Groveport Rd, Groveport, OH 43125
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    • $425,000
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      Prime Land Parcel Near Amazon

      1.40 acre outparcel near Amazon distribution center.
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      Commercial Land on S Hamilton

      Commercial land with frontage along US-33 entrance ramp.
      S Hamilton Rd, Groveport, OH 43125
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    • $199,000
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      Land Near Rickenbacker Airport

      Prime 1.5-acre land parcel intended for retail use.
      2690 London Groveport Rd, Groveport, OH 43125
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    Similar Nearby for Lease

    • Contact for pricing
      225,504 SF

      Warehouse with Modern Industrial Features

      225,504 SF logistics facility with excellent access and features.
      5820 Opus Dr, Groveport, OH 43125
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    • Contact for pricing
      30,700 SF

      Industrial Suites Near Airport

      Two industrial suites available for lease near Rickenbacker Airport.
      5700 N Green Pointe Dr, Groveport, OH 43125
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    • Contact for pricing
      358,949 SF

      Groveport Warehouse and Distribution Space

      358,949 SF warehouse with dock doors and parking.
      6030-6290 Opus Dr, Groveport, OH 43125
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    • Contact for pricing
      108,024 SF

      Rickenbacker Industrial Space Available

      351,228 SF industrial space with modern features for lease.
      3219 Rohr Rd, Groveport, OH 43125
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    • Contact for pricing
      2,000 SF

      Flexible Office and Warehouse Spaces

      Office and warehouse spaces for lease with highway access.
      4407-4417 Professional Pkwy, Groveport, OH 43125
      View Details
    • Contact for pricing
      2,500 SF

      Office Space Near I-270

      Office space with ample parking and convenient highway access.
      4575 Winchester Pike, Groveport, OH 43125
      View Details
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    Groveport, OH 43125-9012
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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