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Property profile & analytics
OFF-MARKET
Estimated value
$56,000,000
Distribution centers
3755 Hayes Rd Groveport, OH 43125-6500
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-6152622
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Total area
639,600 SF
Lot
43.91 ac (1,912,676 SF)
APN
185-003034
UPID
US66-6152622
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
$56.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$55.99M
Blend (final)
Blend
$56.00M
Owner & transaction history
Green Jobs Properties LLC · 2 yrs held
Green Jobs Properties LLC
since 2024
Last sale
$56.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$92.7M
+63.0%
Office building
$87.9M
+54.5%
Retail stores
$79.9M
+40.5%
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
$56,000,000
ML approach
$56,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$56,885,000
Current use
APARTMENT HOUSE (5+ UNITS)
$92,715,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$87,905,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$79,930,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$56.00M
Range $50.40M – $61.60M · ±10% · vs last sale $56.00M (Feb 29 2024)
Last sale anchor
$56.00M
Feb 29 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
$88 / 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
$131,365
Tax year 2023
Assessed value
$11,760,080
Assessed 2023
Previous assessed
$11,760,080
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,536,820
Assessed improvement
$10,223,260
Land market value
$4,390,900
Improvement market value
$29,209,300
Total market value
$33,600,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2022
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
639,600 SF
Lot
43.91 ac (1,912,676 SF)
APN
185-003034
UPID
US66-6152622
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
WAREHOUSE, STORAGE Current
Est. value
$56.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$92.7M
OFFICE BUILDING
Est. value
$87.9M
RETAIL STORES
Est. value
$79.9M
WAREHOUSE, STORAGE Current
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
2022
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
43.91 ac
Current owner
From public records · entity-resolved
Green Jobs Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3755 HAYES RD, GROVEPORT, OH 43125-6500
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
—
Green Jobs Properties LLC
—
Deed
related
$51,765,000 · The Huntington National Bank
Feb 29, 2024
$56,000,000
Green Jobs Properties LLC
Groveport Venture LLC
Limited Warranty Deed
—
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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