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Property profile & analytics
OFF-MARKET
Estimated value
$2,835,000
Commercial land
5380 Hendron Rd, Groveport, OH 43125-1073
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-3948183
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1992
Total area
13,801 SF
Lot
3.02 ac (131,725 SF)
APN
185-000917
UPID
US66-3948183
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
-
Groveport Animal Clinic Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.87M
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.84M
Owner & transaction history
Evans Real Estate Company LLC · 3 yrs held
Evans Real Estate Company LLC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+189.6%
Auto repair, garage
$2.3M
+64.3%
Neighborhood: shopping center
$2.3M
+63.4%
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
$2,910,000
ML approach
$2,865,000
CAP Approach
CAP Return
Estimation
6%
$2,330,000
6.5%
$2,150,000
7%
$1,995,000
Alternative Use
Use
Estimation
RESTAURANT
$4,010,000
Change: +190% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,275,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,265,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$2,075,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,000,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$1,895,000
Change: +37% · Conversion: Easy
RETAIL STORES
$1,725,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$2.84M
Range $2.55M – $3.12M · ±10% · vs last sale $2.79M (Dec 29 2022)
Last sale anchor
$2.79M
Dec 29 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
$205 / 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
$14,345
Tax year 2023
Assessed value
$207,480
Assessed 2023
Previous assessed
$190,860
+8.7% YoY
Effective rate
6.91%
On assessed value
Assessed land
$207,480
Land market value
$592,800
Total market value
$592,800
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1992
Heating
NONE
Cooling
YES
Total area
13,801 SF
Lot
3.02 ac (131,725 SF)
APN
185-000917
UPID
US66-3948183
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
RESTAURANT
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
RESTAURANT
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
1992
Heating
NONE
Cooling
Yes
Lot
3.02 ac
Current owner
From public records · entity-resolved
Evans Real Estate Company LLC
Entity
Mailing address
6010 GROVEPORT RD, GROVEPORT, OH 43125-1005
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$525,000
Evans Real Estate Company LLC
First Service Federal Credit Union
Limited Warranty Deed
$2,785,000 · Live Oak Banking Company
Dec 28, 2007
$480,000
First Service FCU
Carrtanz Dev Ltd
Warranty Deed
—
Jun 14, 2006
—
Carrtanz Dev Ltd
Groveport Medical Office Park
Quit Claim Deed
related
—
May 9, 2006
—
Carlson Leonard A Tr
Groveport Medical Office Park
Quit Claim Deed
related
—
Apr 15, 2005
—
Groveport Medical Office Park
—
Trustees Deed
related
$2,637,000 · Us Bank NA
Jun 30, 2003
—
Groveport Medical Office Park
Groveport Village
Quit Claim Deed
related
—
Mar 14, 2001
$110,000
Groveport Village Oh
Groveport Madison Recreation
Grant Deed
related
—
—
—
Groveport Medical Offce Park
—
Deed Of Trust
related
$170,000 · Us Bank NA
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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