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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Commercial land
3417-3421 Farm Bank Way Grove City, OH 43123
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-3731931
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2004
Total area
10,438 SF
Lot
0.18 ac (7,797 SF)
APN
040-009908
UPID
US66-3731931
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
$1.42M
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Dublin Building Systems Co · 2 yrs held
Dublin Building Systems Co
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+64.3%
Neighborhood: shopping center
$1.7M
+63.4%
Medical building
$1.6M
+49.8%
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
$1,405,000
ML approach
$1,420,000
CAP Approach
CAP Return
Estimation
6%
$1,760,000
6.5%
$1,625,000
7%
$1,510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,050,000
Current use
AUTO REPAIR, GARAGE
$1,720,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,710,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$1,570,000
Change: +50% · Conversion: Easy
OFFICE BUILDING
$1,560,000
Change: +49% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,515,000
Change: +44% · Conversion: Moderate
RETAIL STORES
$1,305,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.43M (Aug 7 2023)
Last sale anchor
$1.43M
Aug 7 2023
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
$136 / 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
$431
Tax year 2023
Assessed value
$5,740
Assessed 2023
Previous assessed
$5,500
+4.4% YoY
Effective rate
7.51%
On assessed value
Assessed land
$5,740
Land market value
$16,400
Total market value
$16,400
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
YES
Total area
10,438 SF
Lot
0.18 ac (7,797 SF)
APN
040-009908
UPID
US66-3731931
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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
2004
Heating
NONE
Cooling
Yes
Lot
0.18 ac
Current owner
From public records · entity-resolved
Dublin Building Systems Co
Entity
Free & Clear · 2 yrs held
Mailing address
5600 BLAZER PKWY STE #110, DUBLIN, OH 43017-7554
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2023
—
Dublin Building Systems Co
Broadway Professional Village LLC
Warranty Deed
—
Oct 1, 2021
—
Lamar Holding Company LLC
Broadway Professional Village LLC
Warranty Deed
—
Oct 1, 2021
$210,000
Violet Development Group LLC
Broadway Professional Village LLC
Warranty Deed
—
Sep 22, 2020
$152,100
Broadway Professional Park LLC
Broadway Prof Vlg LLC
Warranty Deed
—
Apr 26, 2016
$115,100
Pinnacle Pets Play And Stay, INC
Broadway Professional Village, LLC
Limited Warranty Deed
—
Sep 19, 2008
$1,690,000
Fmc Leasing LLC
Broadway Professional Village
Grant Deed
$1,432,250 · Insight Bank
Jun 6, 2005
—
Dbs Broadway LLC
—
Deed Of Trust
related
$2,175,000 · Huntington National Bank
Sep 21, 2004
$769,000
Dbs Broadway LLC
Barbee,t R JR
Warranty Deed
—
Apr 13, 2000
—
Cardnial Title Holding Co Ttee
Barbee,t R
Trustees Deed
related
—
—
—
Pinnacle Pets Play & Stay INC
—
Deed Of Trust
related
$1,469,000 · Huntington Nat'l Bk
—
—
Broadway Prof Village LLC
—
Deed Of Trust
related
$1,393,445 · Emerald Bank
—
—
Fmc Leasing LLC
—
Deed Of Trust
related
$68,000 · Insight 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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