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Property profile & analytics
OFF-MARKET
Estimated value
$88,155,000
Distribution centers
6600 Alum Crk Dr Groveport, OH 43125-9420
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2216948
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1993
Total area
1,520,085 SF
Lot
49.81 ac (2,169,854 SF)
APN
185-001461
UPID
US66-2216948
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
-
Cart.com Groveport Fulfillment Center Warehouse & Storage
-
PSEB LLC Distribution Center Logistics Company
-
DFS Groveport Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$88.16M
Owner & transaction history
Alum Creek Drive Owner LLC · 4 yrs held
Alum Creek Drive Owner LLC
since 2022
Last sale
$90.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$94,500,000
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
$135,195,000
Current use
Blend value · Realmo final
$88.16M
Range $79.34M – $96.97M · ±10% · vs last sale $90.50M (Mar 28 2022)
Last sale anchor
$90.50M
Mar 28 2022
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
$58 / 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
$1,861,188
Tax year 2023
Assessed value
$26,919,730
Assessed 2023
Previous assessed
$11,110,400
+142.3% YoY
Effective rate
6.91%
On assessed value
Assessed land
$1,740,200
Assessed improvement
$25,179,530
Land market value
$4,972,000
Improvement market value
$71,941,500
Total market value
$76,913,500
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
1993
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
1,520,085 SF
Lot
49.81 ac (2,169,854 SF)
APN
185-001461
UPID
US66-2216948
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
$135.2M
WAREHOUSE, STORAGE Current
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
1993
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
49.81 ac
Current owner
From public records · entity-resolved
Alum Creek Drive Owner LLC
Entity
Mailing address
30 HUDSON YARDS, NEW YORK, NY 10001-2170
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$90,500,000
Alum Creek Drive Owner LLC
Lcn Ebp Columbus Oh LLC
Limited Warranty Deed
$36,900,000 · Aig Asset Management Us LLC
Nov 13, 2018
—
Lcn Ebp Columbus Oh LLC
—
Deed
related
$29,250 · Argentic R/e Fin LLC
Oct 16, 2018
$50,000,000
Lcn Ebp Columbus Oh LLC
Trilogy R/e Hldgs LLC
Grant Deed
—
Sep 26, 2014
—
Trilogy R & E Holdings LLC
—
Deed Of Trust
related
$225,000,000 · Goldman Sachs Bk USA
May 1, 2012
—
Trilogy R & E Holdings LLC
Trilogy Fulfullment LLC
Quit Claim Deed
$90,000,000 · Wilmington Tr
Aug 11, 2009
$50,000,000
Eddie Bauer Distribution Svcs
Eddie Bauer Fulfullment Svcs I
Grant Deed
—
—
—
Lcn Ebp Columbus Oh LLC
—
Deed Of Trust
related
$29,250 · Argentic R/e Fin LLC
—
—
Distribution Fulfillment Svcs
—
Deed Of Trust
related
$500,000 · Jp Morgan Chase 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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