Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5255 Centerpoint Pkwy, Unit 5271 Groveport, OH 43125-9235
    Back to Search
    Property profile & analytics

    5255 Centerpoint Pkwy, Unit 5271, Groveport, OH 43125-9235

    View on Map
    • Distribution centers
    • 516,025 SF
    • 24.18 lot acres
    Off-Market
    Property ID
    US66-5659736
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $6,380,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 5255 Centerpoint Pkwy

    Year built
    2006
    Lot size
    24.18 lot acres
    Property type
    Distribution centers
    APN
    186-000395
    APU
    186000395

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 25, 2019 — Bcore Jupiter Mwse 1 LLC — Deed · related $679k · Bank Of America
    Mar 25, 2015 — Icon Ex Us Props Owner Pool 3 Bre Of Ex Us Properties LLC Trustees Deed · related $822M · Goldman Sachs Mtg
    Dec 16, 2010 $21,650,000 Bre Of Ex Us Properties LLC Exeter Centerpoint II LLC Grant Deed $137.9M · Canadian Imperial Bk/commerc
    Jul 8, 2008 — Exeter Centerpoint II LLC — Deed Of Trust · related $50M · Bank Of America
    Apr 15, 2008 $18,800,000 Exeter Centerpoint II LLC Centerpoint II LLC Grant Deed —
    — — Bcore Jupiter Mwse 1 LLC — Deed Of Trust · related $679k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Groveport
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9278
    Latitude
    39.8534
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $603,289
    $634,690
    $8,053,430
    $8,688,120
    -
    $1,813,400
    $23,009,800
    $24,823,200

    Comparable in this City

    • Value Estimation
      $45,055,000
      8.83 Acres

      Rohr Rd

      DISTRIBUTION WAREHOUSE
      Rohr Rd, Groveport, OH 43125
      View Details
    • Value Estimation by Request
      639,600 SF

      3755 Hayes Rd

      DISTRIBUTION WAREHOUSE
      3755 Hayes Rd, Groveport, OH 43125-6500
      View Details
    • Value Estimation
      $7,210,000
      439,986 SF

      6500 Pontius Rd

      DISTRIBUTION WAREHOUSE
      6500 Pontius Rd, Groveport, OH 43125-7505
      View Details
    • Value Estimation
      $47,225,000
      903,780 SF

      6600 Prt Rd

      DISTRIBUTION WAREHOUSE
      6600 Prt Rd, Groveport, OH 43125-9129
      View Details
    • Value Estimation
      $43,155,000
      567,000 SF

      3219 Rohr Rd

      DISTRIBUTION WAREHOUSE
      3219 Rohr Rd, Groveport, OH 43125-9433
      View Details
    • Value Estimation
      $4,885,000
      406,802 SF

      5820 Opus Dr

      DISTRIBUTION WAREHOUSE
      5820 Opus Dr, Groveport, OH 43125-9303
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      212,000 SF

      Groveport Road Commercial Property

      Large commercial property available for sale in Groveport, Ohio.
      5610 Groveport Rd, Groveport, OH 43125
      View Details
    • Contact for pricing

      Development Land in Logistics Park

      0.85 acres zoned PUD in Rickenbacker Global Logistics Park.
      London Grv Rd, Columbus, OH 43125
      View Details
    • $63,000
      0.12 Acres

      Vacant Lot in Groveport, OH

      Vacant lot in historic Groveport area, unique road access.
      135 Front St, Groveport, OH 43125
      View Details
    • Contact for pricing

      Groveport Development Land For Sale

      1.5-acre development land ideal for office or medical use.
      5370 Hendron Rd, Groveport, OH 43125
      View Details
    • Contact for pricing

      Development Land For Sale

      3.024 acres of development land suitable for office/medical use.
      1521 Hendron Rd, Groveport, OH 43125
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      225,504 SF

      Warehouse with Modern Industrial Features

      225,504 SF logistics facility with excellent access and features.
      5820 Opus Dr, Groveport, OH 43125
      View Details
    • Contact for pricing
      201,680 SF

      Warehouse Space in Groveport Available

      358,760 SF warehouse with convenient access to major highways.
      5765 Green Pointe Dr North, Groveport, OH 43125
      View Details
    • Contact for pricing
      74,675 SF

      Columbus Industrial Suite For Lease

      74,123 SF industrial suite with tax abatement until 2028.
      6380-6480 Adelaide Ct, Columbus, OH 43125
      View Details
    • Contact for pricing
      97,982 SF

      Industrial Distribution Facility For Rent

      Modern Class A industrial distribution facility in Rickenbacker Global Logistics Park.
      2653 Global Ct, Lockbourne, OH 43125
      View Details
    • Contact for pricing
      30,700 SF

      Industrial Suites Near Airport

      Two industrial suites available for lease near Rickenbacker Airport.
      5700 N Green Pointe Dr, Groveport, OH 43125
      View Details
    • Contact for pricing
      304,560 SF

      Columbus Warehouse with Expandable Space

      304,560 SF warehouse with expansion potential and ample loading.
      9296 Intermodal Ct, Columbus, OH 43125
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5255 Centerpoint Pkwy, Unit 5271
    Groveport, OH 43125-9235
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5255 Centerpoint Pkwy, Groveport, OH, 43125
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!