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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
540 Blacklick St Groveport, OH 43125-1204
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0598576
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1922
Construction
WOOD
Total area
2,142 SF
Lot
0.27 ac (11,848 SF)
APN
185-000254
UPID
US66-0598576
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$453k
Blend (final)
Blend
$520k
Owner & transaction history
Groveport Investments LLC · 3 yrs held
Groveport Investments LLC
since 2022
Last sale
$500,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$355,000
+20.0%
Neighborhood: shopping center
$350,000
+19.4%
Medical building
$320,000
+9.4%
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
$580,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$470,000
6.5%
$435,000
7%
$400,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$355,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$350,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$320,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $500k (Sep 13 2022)
Last sale anchor
$500k
Sep 13 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
$243 / 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
$9,520
Tax year 2023
Assessed value
$137,700
Assessed 2023
Previous assessed
$137,700
+0.0% YoY
Effective rate
6.91%
On assessed value
Assessed land
$28,810
Assessed improvement
$108,890
Land market value
$82,300
Improvement market value
$311,100
Total market value
$393,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Units
4
Rooms
5
Bathrooms
1
Total area
2,142 SF
Lot
0.27 ac (11,848 SF)
APN
185-000254
UPID
US66-0598576
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
$355,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$350,000
MEDICAL BUILDING
Est. value
$320,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1922
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
4
Rooms
5
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Groveport Investments LLC
Entity
Mailing address
985 HARRISON AVE, COLUMBUS, OH 43201-3324
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2022
$500,000
Groveport Investments LLC
540 Blacklick St LLC
Warranty Deed
$768,750 · Civista Bank
Dec 31, 2015
$125,000
540 Blacklick St LLC
Gantzer Real Estate Investments LLC
Warranty Deed
$106,250 · The Vinton County National Bank
Apr 1, 2014
—
Gantzer Real Estate Invs LLC
Gantzer,george E III & Patricia J
Quit Claim Deed
related
—
Jul 6, 1999
$102,600
George E Gantzer
Applegarth,warren K & Joyce L
Grant Deed
—
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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