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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
4166 Hoover Rd, Grove City, OH 43123-3625
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US66-1376945
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
WOOD
Total area
3,942 SF
Lot
0.62 ac (27,181 SF)
APN
040-013837
UPID
US66-1376945
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
-
Thai & Kiourtsis Orthodontics Dental Office
-
Dean J Kiourtsis Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$337k
Blend (final)
Blend
$515k
Owner & transaction history
Wdz Properties Grove City LLC · 17 yrs held
Wdz Properties Grove City LLC
since 2008
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$650,000
+9.6%
Neighborhood: shopping center
$645,000
+9.1%
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
$355,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$595,000
Current use
AUTO REPAIR, GARAGE
$650,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: -1% · Conversion: Easy
RETAIL STORES
$495,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$131 / 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
$19,810
Tax year 2023
Assessed value
$263,730
Assessed 2023
Previous assessed
$246,400
+7.0% YoY
Effective rate
7.51%
On assessed value
Assessed land
$57,750
Assessed improvement
$205,980
Land market value
$165,000
Improvement market value
$588,500
Total market value
$753,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Rooms
6
Bathrooms
2
Total area
3,942 SF
Lot
0.62 ac (27,181 SF)
APN
040-013837
UPID
US66-1376945
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
MEDICAL BUILDING Current
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$650,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
OFFICE BUILDING
Est. value
$590,000
RETAIL STORES
Est. value
$495,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
6
Bathrooms
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Wdz Properties Grove City LLC
Entity
Mailing address
4024 GLENDA PL, COLUMBUS, OH 43220-4620
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2008
—
Wdz Properties Grove City LLC
Wdz Properties Ltd
Quit Claim Deed
related
—
Jan 26, 2006
$265,000
Wdz Properties Ltd
Crow,ruth M
Warranty Deed
$325,000 · Union Fsb
Mar 17, 2004
—
Ruth M Crow
Crow,donald W
Quit Claim Deed
related
—
—
—
Wdz Properties Ltd
—
Deed Of Trust
related
$951,000 · Union Fsb
—
—
Donald W Crow
—
Deed Of Trust
related
$118,300 · Fifth Third Bank Central Ohio
—
—
Wdz Properties
—
Deed Of Trust
related
$427,000 · State Bank & Trust
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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