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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Flex space
2877-2879 Jackson Pike Grove City, OH 43123
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-1684785
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1989
Construction
WOOD
Total area
3,520 SF
Lot
7.38 ac (321,255 SF)
Zoning code
2829
APN
570-126845
UPID
US66-1684785
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
$520k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$540k
Owner & transaction history
Central Ohio Contractors INC · 7 yrs held
Central Ohio Contractors INC
since 2018
2 recorded transactions
Zoning & alternative use
2829 · Grove City, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$580,000
+105.1%
Neighborhood: shopping center
$575,000
+104.0%
Medical building
$530,000
+87.1%
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
$520,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$580,000
Change: +105% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$575,000
Change: +104% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$525,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$440,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$355,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$153 / 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
$44,924
Tax year 2023
Assessed value
$720,900
Assessed 2023
Previous assessed
$633,960
+13.7% YoY
Effective rate
6.23%
On assessed value
Assessed land
$154,420
Assessed improvement
$566,480
Land market value
$441,200
Improvement market value
$1,618,500
Total market value
$2,059,700
Applied tax rate
570.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
4
Stories
1
Rooms
9
Bathrooms
1
Total area
3,520 SF
Lot
7.38 ac (321,255 SF)
Zoning code
2829
APN
570-126845
UPID
US66-1684785
Jurisdiction
FRANKLIN
Zoning & alternative use
2829 · Grove City, OH
Zoning 2829 · permitted uses
2829 · 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
Est. value
$580,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$575,000
MEDICAL BUILDING
Est. value
$530,000
OFFICE BUILDING
Est. value
$525,000
RETAIL STORES
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$355,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Rooms
9
Bathrooms
1
Lot
7.38 ac
Current owner
From public records · entity-resolved
Central Ohio Contractors INC
Entity
Mailing address
2879 JACKSON PIKE, GROVE CITY, OH 43123-9737
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2018
—
Central Ohio Contractors INC
—
Grant Deed
related
$1,400,000 · Cme FCU
—
—
Central Ohio Contractors INC
—
Deed Of Trust
related
$2,600,000 · Arlington 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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