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Property profile & analytics
OFF-MARKET
Estimated value
$20,875,000
Warehouses
3500 Swsw Blvd, Grove City, OH 43123-2244
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1538471
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
WOOD
Total area
542,043 SF
Lot
30.98 ac (1,349,489 SF)
APN
040-007676
UPID
US66-1538471
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.51M
Blend (final)
Blend
$20.88M
Owner & transaction history
American Nitrile Operations LLC · 1 yrs held
American Nitrile Operations LLC
since 2024
Last sale
$21.5M
5 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$20.88M
Range $18.79M – $22.96M · ±10% · vs last sale $21.48M (Jun 3 2024)
Last sale anchor
$21.48M
Jun 3 2024
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
$557,076
Tax year 2023
Assessed value
$7,416,500
Assessed 2023
Previous assessed
$6,887,970
+7.7% YoY
Effective rate
7.51%
On assessed value
Assessed land
$622,650
Assessed improvement
$6,793,850
Land market value
$1,779,000
Improvement market value
$19,411,000
Total market value
$21,190,000
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
Off-Market
Year built
1992
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
542,043 SF
Lot
30.98 ac (1,349,489 SF)
APN
040-007676
UPID
US66-1538471
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
1992
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
30.98 ac
Current owner
From public records · entity-resolved
American Nitrile Operations LLC
Entity
Mailing address
4400 EASTON CMNS STE #125, COLUMBUS, OH 43219-6223
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
$21,480,500
American Nitrile Operations LLC
Plymouth 3500 Southwest LLC
Limited Warranty Deed
$20,833,304 · Oic Investment Agent LLC
Oct 25, 2016
—
Plymouth 3500 Southwest LLC
—
Deed
related
$105,500,000 · Miscellaneous Ins Co
Nov 5, 2014
$20,000,000
Plymouth 3500 Southwest LLC
Sun Life Assurance Company Of Canad
Special Warranty Deed
$192,000,000 · Us Bank NA
—
—
Plymouth 3500 Southwest LLC
—
Deed Of Trust
related
$105,500,000 · Miscellaneous Ins Co
—
—
Plymouth 3500 Southwest LLC
—
Deed Of Trust
related
$14,500,000 · 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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