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Property profile & analytics
OFF-MARKET
Estimated value
$33,275,000
Distribution centers
5465 Centerpoint Pkwy Groveport, OH 43125-2500
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-4369179
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2015
Total area
478,544 SF
Lot
23.04 ac (1,003,797 SF)
APN
186-002015
UPID
US66-4369179
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
-
ODW Logistics Warehouse & Storage
-
Allied Job Site Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$33.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.28M
Owner & transaction history
New River Columbus LLC · 2 yrs held
New River Columbus LLC
since 2024
Last sale
$33.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$33,275,000
ML approach
$33,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$42,560,000
Current use
Blend value · Realmo final
$33.28M
Range $29.95M – $36.60M · ±10% · vs last sale $33.27M (Jan 8 2024)
Last sale anchor
$33.27M
Jan 8 2024
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
$70 / 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
$65,654
Tax year 2023
Assessed value
$10,738,190
Assessed 2023
Previous assessed
$9,723,000
+10.4% YoY
Effective rate
0.61%
On assessed value
Assessed land
$806,550
Assessed improvement
$9,931,640
Land market value
$2,304,400
Improvement market value
$28,376,100
Total market value
$30,680,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2015
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
478,544 SF
Lot
23.04 ac (1,003,797 SF)
APN
186-002015
UPID
US66-4369179
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
WAREHOUSE, STORAGE Current
Est. value
$42.6M
WAREHOUSE, STORAGE Current
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
2015
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
23.04 ac
Current owner
From public records · entity-resolved
New River Columbus LLC
Entity
Mailing address
499 PARK AVE FL, NEW YORK, NY 10022-1876
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
$33,273,000
New River Columbus LLC
G&i X Industrial Oh Ky LLC
Limited Warranty Deed
$42,350,000 · Security Life Of Denver Insurance C
Dec 15, 2021
—
G&i X Industrial Oh Ky LLC
—
Deed
related
$865,000,000 · Bank Of America NA
Feb 5, 2020
—
G & I X Industrial Oh Ky LLC
—
Deed
related
$684,600,000 · Bank Of America
Dec 20, 2019
—
Another Attic At West 34th Ltd
Sealy Centerpoint 6 LLC
Grant Deed
—
Dec 20, 2019
$27,780,000
G & I Industrial Oh Ky LLC
Sealy Centerpoint 6 LLC
Grant Deed
—
Jun 29, 2018
—
Sealy Centerpoint 6 LLC
Location Location Location Ltd
Grant Deed
—
Jun 29, 2018
$25,000,000
Sealy Centerpoint6 LLC
Cp Vi LLC
Grant Deed
—
Dec 27, 2017
—
Cp Vi LLC
—
Deed
related
$14,973,600 · Mb Fin'l Bk
—
—
G & I X Industrial Oh Ky LLC
—
Deed Of Trust
related
$684,600,000 · Bank Of America
—
—
Cp Vi LLC
—
Loan Modification
related
$14,973,600 · Mb Fin'l 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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