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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Medical Office Space
3425 Grant Ave, Grove City, OH 43123-2512
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US66-2922652
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1954
Total area
5,946 SF
Lot
0.31 ac (13,634 SF)
APN
040-000237
UPID
US66-2922652
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
-
John J. Dubos, DDS Dental Office
-
Town Center Dentistry Dental Office
-
Novocaine Lounge Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$399k
Blend (final)
Blend
$640k
Owner & transaction history
Jl Dental Properties LLC · 14 yrs held
Jl Dental Properties LLC
since 2011
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$980,000
+9.6%
Neighborhood: shopping center
$975,000
+9.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$895,000
Current use
AUTO REPAIR, GARAGE
$980,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$975,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$890,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$860,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$745,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$108 / 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
$19,449
Tax year 2023
Assessed value
$311,780
Assessed 2023
Previous assessed
$284,660
+9.5% YoY
Effective rate
6.24%
On assessed value
Assessed land
$31,710
Assessed improvement
$280,070
Land market value
$90,600
Improvement market value
$800,200
Total market value
$890,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1954
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,946 SF
Lot
0.31 ac (13,634 SF)
APN
040-000237
UPID
US66-2922652
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
MEDICAL BUILDING Current
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$980,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$975,000
OFFICE BUILDING
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$860,000
RETAIL STORES
Est. value
$745,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1954
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Jl Dental Properties LLC
Entity
Mailing address
3425 GRANT AVE, GROVE CITY, OH 43123-2512
Ownership since
2011
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 31, 2011
$299,000
Jl Dental Properties LLC
Grove City Area Community Improveme
Corporation Deed
$360,000 · Wesbanco Bank INC
Nov 30, 2009
—
Grove City Area Cmnty Improvem
Stephenson Garry L Trust
Grant Deed
—
Dec 4, 2006
—
Stephenson,garry L Trust
Stephenson,garry L
Quit Claim Deed
related
—
—
—
Jl Dental Properties LLC
—
Deed Of Trust
related
$360,000 · Community Dev Commission
—
—
Jl Dental Properties LLC
—
Deed Of Trust
related
$297,000 · Community Dev Commission
—
—
Stephenson,garry L
—
Deed Of Trust
related
$150,000 · National Cty Bk/nw
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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