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Property profile & analytics
FOR LEASE
Warehouses
5700 N Green Pointe Dr Groveport, OH 43125
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1534586
For Lease
$7,145,000
5700 N Green Pointe Dr, Groveport, OH 43125
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
116,000 SF
Lot
8.37 ac (364,423 SF)
APN
185-002200
UPID
US66-1534586
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
-
My employee USA VINYL Corporate Office
-
Green Pointe Depot - Capital City Online Auction Trade Show Venue (Bike/Boat/Book/etc) Store
-
Packaging Exchange Industrial Manufacturer Factory
-
Restaurant Equippers Storage Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.75M
Blend (final)
Blend
$7.15M
Owner & transaction history
Pool 2 Industrial Oh LLC · 4 yrs held
Pool 2 Industrial Oh LLC
since 2021
Last sale
$7.2M
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
$6,805,000
ML approach
$6,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,315,000
Current use
Blend value · Realmo final
$7.15M
Range $6.43M – $7.86M · ±10% · vs last sale $7.23M (Nov 24 2021)
Last sale anchor
$7.23M
Nov 24 2021
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
$62 / 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
$112,591
Tax year 2023
Assessed value
$1,628,480
Assessed 2023
Previous assessed
$1,511,970
+7.7% YoY
Effective rate
6.91%
On assessed value
Assessed land
$292,810
Assessed improvement
$1,335,670
Land market value
$836,600
Improvement market value
$3,816,200
Total market value
$4,652,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2000
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
116,000 SF
Lot
8.37 ac (364,423 SF)
APN
185-002200
UPID
US66-1534586
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
$10.3M
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
2000
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
8.37 ac
Current owner
From public records · entity-resolved
Pool 2 Industrial Oh LLC
Entity
Mailing address
101 W ELM ST STE #600, CONSHOHOCKEN, PA 19428-2075
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
$7,228,500
Pool 2 Industrial Oh LLC
Exeter 5700 Green Pointe LLC
Limited Warranty Deed
—
Mar 4, 2021
—
Exeter 5700 Green Pointe LLC
—
Deed
related
$3,661,502 · Metlifs Real Estate Lending LLC
Apr 4, 2018
—
Exeter 5700 Green Pointe LLC
—
Grant Deed
related
$403,400,000 · Bank Of Nat'l Tr & Svgs
Jan 26, 2018
$5,554,500
Exeter 5700 Green Pointee LLC
Meritex Properties LLC
Grant Deed
—
Mar 14, 2013
—
Meritex Properties LLC
Meritex Columbus Indl I LLC
Quit Claim Deed
related
—
Dec 13, 2012
—
Meritex Columbus Indl I LLC
—
Loan Modification, Consolidation And Extension
related
$90,000,000 · Us Bk
Dec 29, 2005
—
Meritex Columbus Indl I LLC
Meritex Green Pointe LLC
Quit Claim Deed
related
$13,320,000 · Miscellaneous Ins Co
Jan 10, 2005
$5,000,000
Meritex Green Pointe LLC
5700 Greenpointe LLC
Grant Deed
—
Aug 18, 2000
—
5700 Greenpointe LLC
Thorson Day Investment INC
Grant Deed
$3,375,000 · Huntington National Bank
Apr 7, 2000
$412,900
Day Investment One Thorson
Forward Development LP II
Grant Deed
—
—
—
5700 Greenpointe LLC
—
Deed Of Trust
related
$3,650,000 · Park National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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