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Property profile & analytics
OFF-MARKET
Estimated value
$9,855,000
Warehouses
5835 Grn Pointe S Dr Groveport, OH 43125-2000
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-2493448
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
122,100 SF
Lot
7.19 ac (313,066 SF)
APN
185-001853
UPID
US66-2493448
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
-
Capital City online Auction warehouse Warehouse & Storage
-
Bassett Home Furnishings Home Decor Store Department Store
-
Ohio Department of Health Health
-
Central Ohio Paper And Packaging Corporate Office
-
Capital City Online Auctions - Groveport Trade Show Venue (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.42M
Blend (final)
Blend
$9.86M
Owner & transaction history
Thomson Logistics Assets LLC · 8 yrs held
Thomson Logistics Assets LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$15.3M
+40.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,860,000
Current use
RETAIL STORES
$15,260,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$9.86M
Range $8.87M – $10.84M · ±10%
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
$81 / 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
$136,743
Tax year 2023
Assessed value
$1,977,820
Assessed 2023
Previous assessed
$1,820,000
+8.7% YoY
Effective rate
6.91%
On assessed value
Assessed land
$251,550
Assessed improvement
$1,726,270
Land market value
$718,700
Improvement market value
$4,932,200
Total market value
$5,650,900
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
Off-Market
Year built
1999
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
122,100 SF
Lot
7.19 ac (313,066 SF)
APN
185-001853
UPID
US66-2493448
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
$10.9M
RETAIL STORES
Est. value
$15.3M
WAREHOUSE, STORAGE Current
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
1999
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
7.19 ac
Current owner
From public records · entity-resolved
Thomson Logistics Assets LLC
Entity
Mailing address
251 LITTLE FLS DR, WILMINGTON, DE 19808-1674
Ownership since
2018
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
Mar 31, 2025
—
Thomson Logistics Assets LLC
—
Deed
related
$117,000,000 · Morgan Stanley Mortgage Capital Holdings
Mar 19, 2019
—
Thomson Logistics Assets LLC
—
Grant Deed
related
$472,000,000 · Miscellaneous Ins Co
May 2, 2018
$5,200,000
Thomson Logistics Assets LLC
Exeter 5835 Green Pointe LLC
Grant Deed
—
Nov 6, 2014
—
Exeter 5835 Green Pointe LLC
—
Grant Deed
related
$145,500,000 · Wells Fargo Bk
Oct 6, 2014
$3,700,000
Exeter 5835 Green Pointe LLC
Day Dev Group INC
Grant Deed
—
Mar 9, 2005
$4,300,000
Day Development Group INC
Thorson Day LLC
Corporation Deed
$920,000 · Union Savings Bank
Jan 19, 1999
$1,314,000
Day Investment One Thorson
Fed One Dublin LLC
Grant Deed
$844,000 · Seller
Oct 6, 1998
$26,000
Trowbridge Warehouse LP
Forward Development LP
Grant Deed
—
—
—
Trowbridge Warehouse LP
—
Deed Of Trust
related
$50,000 · First National Bank Zanesville
—
—
Day Dev Group INC
—
Deed Of Trust
related
$2,900,000 · Miscellaneous Ins Co
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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