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Property profile & analytics
OFF-MARKET
Estimated value
$61,870,000
Warehouses
5235 Westpoint Dr Groveport, OH 43125-1189
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-3113251
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Total area
389,476 SF
Lot
18.84 ac (820,496 SF)
APN
186-000403
UPID
US66-3113251
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
-
TNT Services Business To Business Service
-
Kenco Ralston Logistics, TJX, DHL Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$84.54M
Comparable Approach
Comparable
$40.95M
Blend (final)
Blend
$61.87M
Owner & transaction history
Caribou 5235 W Pointe Drive LLC · 3 yrs held
Caribou 5235 W Pointe Drive LLC
since 2022
Last sale
$60.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$64.2M
+85.4%
Neighborhood: shopping center
$63.9M
+84.4%
Medical building
$58.6M
+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
$63,070,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$91,585,000
6.5%
$84,540,000
7%
$78,500,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$64,215,000
Change: +85% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$63,885,000
Change: +84% · Conversion: Moderate
MEDICAL BUILDING
$58,580,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$56,460,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$53,530,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$48,675,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$61.87M
Range $55.68M – $68.06M · ±10% · vs last sale $60.40M (Sep 15 2022)
Last sale anchor
$60.40M
Sep 15 2022
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
$159 / 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
$56,029
Tax year 2023
Assessed value
$8,600,940
Assessed 2023
Previous assessed
$10,234,140
-16.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$626,290
Assessed improvement
$7,974,650
Land market value
$1,789,400
Improvement market value
$22,784,700
Total market value
$24,574,100
Applied tax rate
186.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Rooms
8
Bathrooms
1
Total area
389,476 SF
Lot
18.84 ac (820,496 SF)
APN
186-000403
UPID
US66-3113251
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
AUTO REPAIR, GARAGE
Est. value
$64.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$63.9M
MEDICAL BUILDING
Est. value
$58.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$56.5M
OFFICE BUILDING
Est. value
$53.5M
RETAIL STORES
Est. value
$48.7M
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
2009
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
8
Bathrooms
1
Lot
18.84 ac
Current owner
From public records · entity-resolved
Caribou 5235 W Pointe Drive LLC
Entity
Free & Clear · 3 yrs held
Mailing address
100 W MATSONFORD RD STE #250, RADNOR, PA 19087-4558
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
—
Caribou 5235 W Pointe Drive LLC
—
Deed
related
$100,000 · New York Life Insurance Company
Sep 15, 2022
—
Caribou 5235 W Pointe Drive LLC
Big Box Property Owner D LLC
Quit Claim Deed
related
—
Dec 29, 2015
$60,400,000
Big Box Property Owner D LLC
Exeter Centerpoint I LLC
Grant Deed
$239,000,000 · Miscellaneous Ins Co
May 27, 2015
—
Exeter Centerpoint I LLC
—
Deed Of Trust
related
$4,000,000 · Bank Of America NA
May 3, 2011
$40,950,000
Exeter Centerpoint I LLC
Centerpoint I LLC
Grant Deed
$26,850 · Bank Of America
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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