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Property profile & analytics
OFF-MARKET
Estimated value
$2,855,000
Office buildings
3880 Jackpot Rd, Grove City, OH 43123-7500
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2755038
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
19,800 SF
Lot
3.85 ac (167,662 SF)
APN
040-005972
UPID
US66-2755038
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
-
Ohio Addiction Recovery Center Detox Mental Health Clinic Addiction Treatment Center
-
Ohio Addiction Recovery Center Detox & Inpatient Rehab Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$2.86M
Owner & transaction history
3880 Jackpot Road LLC · 4 yrs held
3880 Jackpot Road LLC
since 2021
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+10.2%
Neighborhood: shopping center
$3.3M
+9.6%
Medical building
$3.0M
+0.5%
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 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
$3,085,000
ML approach
$2,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,965,000
Current use
AUTO REPAIR, GARAGE
$3,265,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,250,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$2,980,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,870,000
Change: -3% · Conversion: Easy
RETAIL STORES
$2,475,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±10% · vs last sale $2.60M (Jul 13 2021)
Last sale anchor
$2.60M
Jul 13 2021
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
$144 / 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
$28,850
Tax year 2023
Assessed value
$1,237,010
Assessed 2023
Previous assessed
$1,166,520
+6.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$349,160
Assessed improvement
$887,850
Land market value
$997,600
Improvement market value
$2,536,700
Total market value
$3,534,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
19,800 SF
Lot
3.85 ac (167,662 SF)
APN
040-005972
UPID
US66-2755038
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
OFFICE BUILDING Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
2009
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.85 ac
Current owner
From public records · entity-resolved
3880 Jackpot Road LLC
Entity
Mailing address
8556 ASHMEDE CT CIR NW, MASSILLON, OH 44646-9534
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2021
$2,600,000
3880 Jackpot Road LLC
Cms Edu II Grove City LP
Limited Warranty Deed
$1,950,000 · Us Bank NA
Mar 31, 2011
—
Cms Edu II Grove City LP
—
Deed Of Trust
related
$35,000,000 · Bank Of America
Jun 8, 2010
—
Preferred Real Estate Invs LLC
—
Grant Deed
related
$7,300,000 · Pnc Bk
Dec 11, 2009
$4,200,000
Cms Edu II Grove City
Learning Partners I LLC
Grant Deed
—
Apr 3, 2009
$636,800
Learning Partners I LLC
Preferred Real Estate Investments L
Limited Warranty Deed
—
Jan 4, 2007
—
Preferred Real Estate Invs LLC
Davis Ronald E
Grant Deed
—
Dec 3, 1999
$321,200
Preferred Real Estate Invest
Reywal Co LP
Grant Deed
—
—
—
Preferred Real Estate Invs LLC
—
Deed Of Trust
related
$660,000 · First Bexley Bk
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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