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Property profile & analytics
OFF-MARKET
Estimated value
$3,830,000
Commercial real estate
3575 Bixby Rd Groveport, OH 43125-9454
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1494622
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Construction
WOOD
Total area
21,576 SF
Lot
45.91 ac (1,999,840 SF)
APN
185-001126
UPID
US66-1494622
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
$3.36M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$3.83M
Owner & transaction history
Christian Church Madison · 24 yrs held
Christian Church Madison
since 2002
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+189.6%
Auto repair, garage
$3.6M
+64.3%
Neighborhood: shopping center
$3.5M
+63.4%
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 Groveport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Groveport 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%
$3,640,000
6.5%
$3,360,000
7%
$3,120,000
Alternative Use
Use
Estimation
RESTAURANT
$6,270,000
Change: +190% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,555,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,540,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$3,245,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,130,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$2,965,000
Change: +37% · Conversion: Easy
RETAIL STORES
$2,695,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$3.83M
Range $3.45M – $4.21M · ±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
$178 / 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
$1,415
Tax year 2023
Assessed value
$3,001,380
Assessed 2023
Previous assessed
$2,546,960
+17.8% YoY
Effective rate
0.05%
On assessed value
Assessed land
$107,230
Assessed improvement
$2,894,150
Land market value
$442,700
Improvement market value
$8,269,000
Total market value
$8,711,700
Applied tax rate
185.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
21,576 SF
Lot
45.91 ac (1,999,840 SF)
APN
185-001126
UPID
US66-1494622
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
RESTAURANT
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.7M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1997
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
45.91 ac
Current owner
From public records · entity-resolved
Christian Church Madison
Entity
Mailing address
3565 BIXBY RD, GROVEPORT, OH 43125-9454
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2002
—
Christian Church Madison
—
Trustees Deed
related
$605,365 · Bank One NA
—
—
Madison Christian Church Ttee
—
Deed Of Trust
related
$878,988 · Bank One NA
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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