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Property profile & analytics
FOR LEASE
Office buildings
6425 Alum Creek Dr Groveport, OH 43125
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2249503
For Lease
1 / 3
$14.50 SF/Yr
6425 Alum Creek Dr, Groveport, OH 43125
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
18,050 SF
Lot
3.69 ac (160,519 SF)
APN
495-258062
UPID
US66-2249503
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
-
Concentra Urgent Care Occupational Health Service Medical Clinic
-
Air Tiger Express USA Inc Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.39M
CAP Approach
CAP
$3.65M
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$4.24M
Owner & transaction history
Gerald P Cauthen · 5 yrs held
Gerald P Cauthen
since 2020
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+111.5%
Auto repair, garage
$3.0M
+20.0%
Neighborhood: shopping center
$3.0M
+19.4%
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
$5,440,000
ML approach
$4,390,000
CAP Approach
CAP Return
Estimation
6%
$3,950,000
6.5%
$3,645,000
7%
$3,385,000
Alternative Use
Use
Estimation
RESTAURANT
$5,245,000
Change: +112% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,975,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,960,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$2,715,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,615,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$4.24M
Range $3.82M – $4.66M · ±10% · vs last sale $4.34M (Aug 11 2020)
Last sale anchor
$4.34M
Aug 11 2020
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
$235 / 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
$107,819
Tax year 2023
Assessed value
$1,204,010
Assessed 2023
Previous assessed
$1,460,240
-17.5% YoY
Effective rate
8.95%
On assessed value
Assessed land
$128,980
Assessed improvement
$1,075,030
Land market value
$368,500
Improvement market value
$3,071,500
Total market value
$3,440,000
Applied tax rate
495.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
18,050 SF
Lot
3.69 ac (160,519 SF)
APN
495-258062
UPID
US66-2249503
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
RESTAURANT
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2001
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.69 ac
Current owner
From public records · entity-resolved
Gerald P Cauthen
Individual
Mailing address
900 PARAMOUNT RD, OAKLAND, CA 94610-2439
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2020
$4,344,000
Gerald P Cauthen
The Offices At Rickenbacker LLC
Warranty Deed
$2,344,736 · The Park National Bank
Aug 1, 2018
—
Offices At Rickenbacker LLC
—
Deed
related
$550,323 · First Fin'l Bk&tr
Dec 1, 2008
—
Offices At Rickenbacker LLC
—
Deed Of Trust
related
$2,625,000 · Arlington Bank
—
—
Offices At Rickenbacker LLC
—
Deed Of Trust
related
$160,000 · Arlington Bank
—
—
Offices At Rickenbacker LLC
—
Deed Of Trust
related
$550,323 · First Fin'l Bk&tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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