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Property profile & analytics
FOR LEASE
Warehouses
3400 Southpark Pl, Grove City, OH 43123
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2546313
For Lease
1 / 2
$16,000,000
3400 Southpark Pl, Grove City, OH 43123
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
408,294 SF
Lot
26.8 ac (1,167,277 SF)
APN
040-008994
UPID
US66-2546313
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
-
Savings Plus Bank Loan Service
-
HKT Teleservices Telecommunications Service Tech Support Center
-
Nationwide Document Solutions Insurance Agency
-
Deferred Compensation Consultant
-
Nationwide Pierce County Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.32M
Blend (final)
Blend
$16.00M
Owner & transaction history
Caribou 3400 Southpark Place LLC · 3 yrs held
Caribou 3400 Southpark Place LLC
since 2022
Last sale
$16.7M
7 recorded transactions
Zoning & alternative use
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
$17,385,000
ML approach
$9,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.00M
Range $14.40M – $17.60M · ±10% · vs last sale $16.65M (Sep 15 2022)
Last sale anchor
$16.65M
Sep 15 2022
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
$39 / 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
$569,237
Tax year 2023
Assessed value
$7,578,410
Assessed 2023
Previous assessed
$6,841,770
+10.8% YoY
Effective rate
7.51%
On assessed value
Assessed land
$671,300
Assessed improvement
$6,907,110
Land market value
$1,918,000
Improvement market value
$19,734,600
Total market value
$21,652,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1997
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
408,294 SF
Lot
26.8 ac (1,167,277 SF)
APN
040-008994
UPID
US66-2546313
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
Building & site characteristics
From public records
Year built
1997
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
26.8 ac
Current owner
From public records · entity-resolved
Caribou 3400 Southpark Place LLC
Entity
Mailing address
100 W MATSONFORD RD STE 250FIVE, RADNOR, PA 19087-4558
Ownership since
2022
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
Sep 15, 2022
—
Caribou 3400 Southpark Place LLC
Big Box Property Owner D LLC
Quit Claim Deed
related
$100,000 · New York Life Insurance Company
Jan 20, 2021
—
Big Box Property Owner D LLC
—
Deed
related
$100,000 · Miscellaneous Ins Co
Dec 29, 2015
$16,650,000
Big Box Property Owner D LLC
Exeter 3400 Southpark LLC
Grant Deed
—
Apr 8, 2014
$10,400,000
Exeter 3400 Southpark LLC
Jpmcc 2007-ldp10-tri St Indl
Trustees Deed
$90,000,000 · Bank Of America
Apr 29, 2013
—
Jpmcc 2007-ldp10-tri-state Ind
Industrial Southpark Ix Owner
Grant Deed
—
Jan 25, 2007
$20,809,000
Industrial Southpark Ix Owner
Us Industrial Reit Trust
Grant Deed
$186,000,000 · Eurohypo Ag Ny Br
Jul 1, 2002
$11,050,000
Us Industrial Reit
Southpark Ix LLC
Grant Deed
—
Feb 7, 2000
—
Southpark Ix LLC
Bulk Ix Co
Grant Deed
related
—
Dec 2, 1997
$1,198,800
Bulk Ix Co
Pdi Columbus III LP
Grant Deed
$8,625,000 · Huntington National Bank
—
—
Pierce,tr
—
Deed Of Trust
related
$96,000 · Union Fsb
—
—
Big Box Property Owner D LLC
—
Deed Of Trust
related
$100,000 · Miscellaneous Ins Co
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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