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Property profile & analytics
OFF-MARKET
Drive through restaurants
3870 Hamilton Rd Groveport, OH 43125-1136
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-4199297
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2020
Construction
WOOD
Total area
2,356 SF
Lot
3.28 ac (142,659 SF)
APN
530-212273
UPID
US66-4199297
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
-
Chipotle Mexican Grill Take-out & Catering Catering Service
-
Rejive Recreation Center Health Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Raising Canes Restaurants LLC · 2 yrs held
Raising Canes Restaurants LLC
since 2024
7 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$24,517
Tax year 2023
Assessed value
$422,950
Assessed 2023
Previous assessed
$422,950
+0.0% YoY
Effective rate
5.80%
On assessed value
Assessed land
$267,580
Assessed improvement
$155,370
Land market value
$764,500
Improvement market value
$443,900
Total market value
$1,208,400
Applied tax rate
530.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
2,356 SF
Lot
3.28 ac (142,659 SF)
APN
530-212273
UPID
US66-4199297
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
2020
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
3.28 ac
Current owner
From public records · entity-resolved
Raising Canes Restaurants LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6800 BISHOP RD, PLANO, TX 75024-4520
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
—
Raising Canes Restaurants LLC
Groveport Properties LLC
Lease
—
Jul 9, 2021
$2,060,000
Hebe Land LLC
Blaze Properties Groveport LLC
Deed
$120,000 · Pinncacle Bank
Jun 19, 2020
$450,000
Blaze Properties Groveport LLC
M Five Limited Partnership
Limited Warranty Deed
$1,366,878 · The Park National Bank
Jun 20, 2019
—
Real Title Holdings LLC
M Five LP
Quit Claim Deed
related
—
May 15, 2013
$411,600
Corc Ltd
M Five LP
Warranty Deed
—
Feb 10, 2012
—
Dsm Holdings LLC
M Five LP
Quit Claim Deed
related
$450,000 · Insight Bank
Apr 6, 2011
—
M Five LP
—
Grant Deed
related
$6,825,000 · Pnc Bank
Apr 5, 2011
—
M Five LP
Dsm Holdings LLC
Quit Claim Deed
related
—
Oct 19, 2005
$125,000
Stereo Ltd Leasing Co LLC
M Five
Warranty Deed
—
Mar 12, 2001
—
Columbus City (oh)
M Five LP
Grant Deed
related
—
Feb 1, 2001
$280,000
Fergus Co LLC
M Five LP
Grant Deed
related
$760,000 · Ohio Bank
Apr 28, 1998
$285,000
System Catpal Real Property
M Five LP
Grant Deed
related
—
Mar 20, 1998
—
David J Martin Trustee
M Five LP
Grant Deed
related
—
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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