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Property profile & analytics
OFF-MARKET
Estimated value
$9,340,000
Community centers
4150 Buckeye Pkwy 4226 Grove City, OH 43123-8175
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-4381590
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2007
Total area
43,506 SF
Lot
22.06 ac (960,716 SF)
APN
040-015070
UPID
US66-4381590
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
$9.55M
Comparable Approach
Comparable
$12.59M
Blend (final)
Blend
$9.34M
Owner & transaction history
Lmf Commercial LLC · 2 yrs held
Lmf Commercial LLC
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.6M
+77.2%
Auto repair, garage
$7.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,350,000
6.5%
$9,550,000
7%
$8,870,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,135,000
Current use
RESTAURANT
$12,645,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,175,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$6,545,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$6,510,000
Change: -9% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,305,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$9.34M
Range $8.41M – $10.27M · ±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
$215 / 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
$726,859
Tax year 2023
Assessed value
$9,676,870
Assessed 2023
Previous assessed
$8,549,070
+13.2% YoY
Effective rate
7.51%
On assessed value
Assessed land
$2,353,750
Assessed improvement
$7,323,120
Land market value
$6,725,000
Improvement market value
$20,923,200
Total market value
$27,648,200
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2007
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
43,506 SF
Lot
22.06 ac (960,716 SF)
APN
040-015070
UPID
US66-4381590
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.1M
RESTAURANT
Est. value
$12.6M
AUTO REPAIR, GARAGE
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2007
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
22.06 ac
Current owner
From public records · entity-resolved
Lmf Commercial LLC
Entity
Mailing address
150 E BROAD ST STE #800, COLUMBUS, OH 43215-3610
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jan 17, 2024
—
Lmf Commercial LLC
—
Deed
related
$21,500,000 · Rmf Sub 1 LLC
Sep 21, 2023
—
Parkway Centre East Retail LLC
—
Deed
related
$21,500,000 · Lmf Commercial LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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