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Property profile & analytics
FOR LEASE
Grocery and convenience stores
6011 London Groveport Rd Groveport, OH 43125
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US66-1772811
For Lease
1 / 2
Contact for pricing
6011 London Groveport Rd, Groveport, OH 43125
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Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Total area
62,812 SF
Lot
10.43 ac (454,461 SF)
APN
185-002622
UPID
US66-1772811
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
by Request
CAP Approach
CAP
$12.87M
Comparable Approach
Comparable
$9.37M
Blend (final)
Blend
$9.29M
Owner & transaction history
Groveport Square Ltd
Groveport Square Ltd
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.4M
+31.9%
Neighborhood: shopping center
$10.3M
+31.3%
Medical building
$9.5M
+20.4%
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%
$13,945,000
6.5%
$12,870,000
7%
$11,950,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,850,000
Current use
AUTO REPAIR, GARAGE
$10,355,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,305,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$9,450,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,105,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$8,635,000
Change: +10% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,305,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$9.29M
Range $8.36M – $10.22M · ±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
$148 / 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
$136,344
Tax year 2023
Assessed value
$2,542,760
Assessed 2023
Previous assessed
$1,771,040
+43.6% YoY
Effective rate
5.36%
On assessed value
Assessed land
$601,480
Assessed improvement
$1,941,280
Land market value
$1,718,500
Improvement market value
$5,546,500
Total market value
$7,265,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2004
Heating
GAS
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
62,812 SF
Lot
10.43 ac (454,461 SF)
APN
185-002622
UPID
US66-1772811
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
RETAIL STORES Current
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$10.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.1M
OFFICE BUILDING
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2004
Heating
GAS
Cooling
Yes
Stories
1
Buildings
2
Lot
10.43 ac
Current owner
From public records · entity-resolved
Groveport Square Ltd
Individual
Mailing address
191 W NATIONWIDE BLVD STE #200, COLUMBUS, OH 43215-2558
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Groveport Square Ltd
—
Deed Of Trust
related
$2,570,000 · Huntington 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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