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Property profile & analytics
OFF-MARKET
Estimated value
$9,060,000
Manufacturing properties
3400 Jackson Pike Grove City, OH 43123-8993
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2261197
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1973
Total area
17,169 SF
Lot
16.71 ac (727,713 SF)
Zoning code
3400
APN
570-197118
UPID
US66-2261197
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
-
Fabcon Industrial Manufacturer Production Facility
-
Green Shadow Tree Services Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.06M
Owner & transaction history
Wallers Multi LLC · 5 yrs held
Wallers Multi LLC
since 2021
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
3400 · 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
$8,780,000
ML approach
$8,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.06M
Range $8.15M – $9.97M · ±10% · vs last sale $9.32M (Jan 15 2021)
Last sale anchor
$9.32M
Jan 15 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
$528 / 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
$54,518
Tax year 2023
Assessed value
$874,870
Assessed 2023
Previous assessed
$929,780
-5.9% YoY
Effective rate
6.23%
On assessed value
Assessed land
$130,660
Assessed improvement
$744,210
Land market value
$373,300
Improvement market value
$2,126,300
Total market value
$2,499,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1973
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
17,169 SF
Lot
16.71 ac (727,713 SF)
Zoning code
3400
APN
570-197118
UPID
US66-2261197
Jurisdiction
FRANKLIN
Zoning & alternative use
3400 · Grove City, OH
Zoning 3400 · permitted uses
3400 · 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.
Building & site characteristics
From public records
Year built
1973
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
16.71 ac
Current owner
From public records · entity-resolved
Wallers Multi LLC
Entity
Mailing address
3400 JACKSON PIKE, GROVE CITY, OH 43123-8993
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2021
$9,324,300
Wallers Multi LLC
Fabcon Companies LLC
Warranty Deed
—
Oct 29, 2018
—
Fabcon Companies LLC
—
Loan Modification
related
$45,000,000 · Wells Fargo Bk
Jan 26, 2018
—
Fabcon Companies LLC
—
Deed
related
—
Jan 31, 2017
—
Fabcon Companies LLC
—
Grant Deed
related
$25,000,000 · Wells Fargo Bk
Aug 29, 2014
—
Fabcon Companies LLC
—
Grant Deed
related
$10,000,000 · Frandsen Bk&tr
Sep 22, 2011
—
Fabcon LLC
—
Deed Of Trust
related
$30,000,000 · Privatebank & Trust
Mar 4, 2010
—
Fabcon LLC
—
Deed Of Trust
related
$32,149,996 · Privatebank & Trust
—
—
Fabcon Companies LLC
—
Loan Modification
related
—
—
—
Fabcon Companies LLC
—
Deed Of Trust
related
$30,000,000 · Privatebank & Trust
—
—
Fabcon Companies LLC
—
Deed Of Trust
related
—
—
—
Fabcon Companies LLC
—
Loan Modification
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.
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