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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Office buildings
3330 Park St, Grove City, OH 43123-2654
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0288455
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
6,684 SF
Lot
1 ac (43,429 SF)
APN
040-000031
UPID
US66-0288455
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
-
Studio On Park Hair Salon Nail Salon
-
Jacob Merrell Dental Office
-
Endure Aesthetics Skin Care Clinic
-
Dr. Christina Kryszan Dental Office
-
Brian Woodard Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$905k
Owner & transaction history
Jacob Merrell Real Estate Holdings · 4 yrs held
Jacob Merrell Real Estate Holdings
since 2021
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+10.2%
Neighborhood: shopping center
$1.1M
+9.6%
Medical building
$1.0M
+0.5%
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
$950,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,000,000
Current use
AUTO REPAIR, GARAGE
$1,100,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,095,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$1,005,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$970,000
Change: -3% · Conversion: Easy
RETAIL STORES
$835,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $800k (Aug 26 2021)
Last sale anchor
$800k
Aug 26 2021
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
$135 / 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
$22,719
Tax year 2023
Assessed value
$302,470
Assessed 2023
Previous assessed
$304,160
-0.6% YoY
Effective rate
7.51%
On assessed value
Assessed land
$103,670
Assessed improvement
$198,800
Land market value
$296,200
Improvement market value
$568,000
Total market value
$864,200
Applied tax rate
40.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Units
1
Rooms
12
Bathrooms
5
Total area
6,684 SF
Lot
1 ac (43,429 SF)
APN
040-000031
UPID
US66-0288455
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$970,000
RETAIL STORES
Est. value
$835,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1975
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
12
Bathrooms
5
Lot
1 ac
Current owner
From public records · entity-resolved
Jacob Merrell Real Estate Holdings
Entity
Mailing address
3330 PARK ST, GROVE CITY, OH 43123-2654
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
$800,000
Jacob Merrell Real Estate Holdings
3330 Park St LLC
Warranty Deed
$640,000 · Provide INC
Aug 8, 2003
$575,000
3330 Park St LLC
Sherwood Group LLC
Quit Claim Deed
related
$569,000 · Heartland Bank
Dec 14, 2001
—
Sherwood Group LLC
Sheridan,raymond A
Quit Claim Deed
related
—
May 18, 1999
$680,000
Raymond A Sheridan
Wheeler,pelton W & Wilma A
Grant Deed
$680,000 · Seller
—
—
3330 Park St LLC
—
Deed Of Trust
related
$286,637 · Huntington National Bank
—
—
3330 Park St LLC
—
Deed Of Trust
related
$500,000 · 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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