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Property profile & analytics
OFF-MARKET
Estimated value
$29,605,000
Distribution centers
5925 Grn Pointe S Dr Groveport, OH 43125-1068
Entity Owned
20-yr Hold
Free & Clear
Property ID
US66-1503800
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Total area
350,946 SF
Lot
22.6 ac (984,412 SF)
APN
185-001316
UPID
US66-1503800
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
-
Build-A-Bear Workshop WORK Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.06M
Blend (final)
Blend
$29.61M
Owner & transaction history
Build-a-bear Retail Mgmt INC · 20 yrs held
Build-a-bear Retail Mgmt INC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$48.2M
+54.5%
Retail stores
$43.9M
+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
$31,215,000
Current use
OFFICE BUILDING
$48,235,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$43,860,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$29.61M
Range $26.64M – $32.57M · ±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
$84 / 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
$465,615
Tax year 2023
Assessed value
$6,734,530
Assessed 2023
Previous assessed
$5,670,010
+18.8% YoY
Effective rate
6.91%
On assessed value
Assessed land
$790,970
Assessed improvement
$5,943,560
Land market value
$2,259,900
Improvement market value
$16,981,600
Total market value
$19,241,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2006
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
350,946 SF
Lot
22.6 ac (984,412 SF)
APN
185-001316
UPID
US66-1503800
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
$31.2M
OFFICE BUILDING
Est. value
$48.2M
RETAIL STORES
Est. value
$43.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2006
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
22.6 ac
Current owner
From public records · entity-resolved
Build-a-bear Retail Mgmt INC
Entity
Free & Clear · 20 yrs held
Mailing address
1954 INNERBELT BUSINESS CTR DR, SAINT LOUIS, MO 63114-5760
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2020
—
Build-a-bear Retail Mgmt INC
—
Deed
related
—
Aug 13, 2008
—
Build-a-bear Retail Mgmt INC
—
Deed Of Trust
related
$50,000,000 · Us Bk
Dec 28, 2005
$2,216,000
Build-a-bear Retail Mgmt INC
Duke Realty Ohio
Grant Deed
—
Jan 16, 2004
—
Realty Ohio Duke
Duke Realty LP
Quit Claim Deed
related
—
Feb 4, 2003
—
Duke Realty LP
Paul,a Tr
Grant Deed
related
—
Jan 31, 2003
$318,000
Duke Realty LP
Evans Capital Investments Ltd
Grant Deed
—
Nov 2, 2000
—
Gps Consumer Direct INC
Norman A Essey Trustee
Trustees Deed
related
—
May 2, 2000
$5,644,200
Gps Consumer Direct INC
Evans Adhesive Corp
Trustees Deed
—
May 2, 2000
$90,100
Duke Weeks Realty LP
Evans Adhesive Corp
Trustees Deed
—
May 13, 1998
$2,221,500
Duke Realty LP
Evans Adhesive Corp
Grant Deed
—
—
—
Build-a-bear Workshop INC
—
Deed Of Trust
related
—
—
—
Build-a-bear Retail Mgmt INC
—
Deed Of Trust
related
—
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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