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Property profile & analytics
OFF-MARKET
Estimated value
$9,560,000
Medical Office Space
5775 Mdws Dr, Grove City, OH 43123-7301
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-4506743
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Total area
38,410 SF
Lot
4.3 ac (187,352 SF)
APN
040-015419
UPID
US66-4506743
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
$9.15M
CAP Approach
CAP
$5.85M
Comparable Approach
Comparable
$8.21M
Blend (final)
Blend
$9.56M
Owner & transaction history
Cflf II Grove City Mob LLC · 3 yrs held
Cflf II Grove City Mob LLC
since 2023
Last sale
$10.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.2M
+93.3%
Auto repair, garage
$6.3M
+9.6%
Neighborhood: shopping center
$6.3M
+9.1%
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 Grove City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grove City 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
$10,040,000
ML approach
$9,145,000
CAP Approach
CAP Return
Estimation
6%
$6,335,000
6.5%
$5,850,000
7%
$5,430,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,775,000
Current use
RESTAURANT
$11,165,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,335,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,300,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$5,750,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$9.56M
Range $8.60M – $10.52M · ±10% · vs last sale $10.20M (Mar 23 2023)
Last sale anchor
$10.20M
Mar 23 2023
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
$249 / 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
$74,713
Tax year 2023
Assessed value
$2,901,790
Assessed 2023
Previous assessed
$2,540,170
+14.2% YoY
Effective rate
2.57%
On assessed value
Assessed land
$126,460
Assessed improvement
$2,775,330
Land market value
$361,300
Improvement market value
$7,929,500
Total market value
$8,290,800
Applied tax rate
40.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
38,410 SF
Lot
4.3 ac (187,352 SF)
APN
040-015419
UPID
US66-4506743
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
MEDICAL BUILDING Current
Est. value
$5.8M
RESTAURANT
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.8M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
2018
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
4.3 ac
Current owner
From public records · entity-resolved
Cflf II Grove City Mob LLC
Entity
Mailing address
425 7TH ST NE, CHARLOTTESVILLE, VA 22902-4723
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
$10,200,000
Cflf II Grove City Mob LLC
Trivium Grove City LLC
Limited Warranty Deed
$6,830,000 · First Citizens Bank & Trust Co
Mar 16, 2018
—
Trivium Grove City LLC
—
Grant Deed
related
$6,600,000 · Lcnb Nat'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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