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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
4905 Hendron Rd Groveport, OH 43125-9370
Individually Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1938199
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
WOOD
Total area
5,440 SF
Lot
8.21 ac (357,845 SF)
Zoning code
4855
APN
185-001359
UPID
US66-1938199
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
-
Southern Ohio Welder Repair Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Harold M Maddy · 27 yrs held
Harold M Maddy
since 1998
3 recorded transactions
Zoning & alternative use
4855 · Groveport, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$895,000
+85.4%
Neighborhood: shopping center
$890,000
+84.4%
Medical building
$820,000
+69.1%
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 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
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$485,000
Current use
AUTO REPAIR, GARAGE
$895,000
Change: +85% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$890,000
Change: +84% · Conversion: Moderate
MEDICAL BUILDING
$820,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$790,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$680,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$102 / 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
$48,853
Tax year 2023
Assessed value
$849,500
Assessed 2023
Previous assessed
$805,010
+5.5% YoY
Effective rate
5.75%
On assessed value
Assessed land
$147,880
Assessed improvement
$701,620
Land market value
$422,500
Improvement market value
$2,004,600
Total market value
$2,427,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
10
Stories
1
Total area
5,440 SF
Lot
8.21 ac (357,845 SF)
Zoning code
4855
APN
185-001359
UPID
US66-1938199
Jurisdiction
FRANKLIN
Zoning & alternative use
4855 · Groveport, OH
Zoning 4855 · permitted uses
4855 · Groveport, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Groveport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$890,000
MEDICAL BUILDING
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$790,000
OFFICE BUILDING
Est. value
$750,000
RETAIL STORES
Est. value
$680,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
10
Lot
8.21 ac
Current owner
From public records · entity-resolved
Harold M Maddy
Individual
Free & Clear · 27 yrs held
Mailing address
5141 BIXFORD AVE, CANAL WINCHESTER, OH 43110-8606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 1998
$7,500
Harold M Maddy
Bob Ward Family LP
Grant Deed
—
—
—
Bob Ward Family LP
—
Deed Of Trust
related
$315,000 · Bank One Columbus
—
—
Bob Ward Family
—
Deed Of Trust
related
$1,039,553 · First Bremen 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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