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Property profile & analytics
OFF-MARKET
Estimated value
$7,975,000
Distribution centers
6700 Prt Rd Groveport, OH 43125-9105
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1319569
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Total area
74,358 SF
Lot
42.3 ac (1,842,675 SF)
APN
185-001536
UPID
US66-1319569
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
-
Exel Freight Service Logistics Company
-
Forward Support Center Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.76M
Blend (final)
Blend
$7.98M
Owner & transaction history
Forward Air INC · 6 yrs held
Forward Air INC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.3M
+85.4%
Neighborhood: shopping center
$12.2M
+84.4%
Medical building
$11.2M
+69.1%
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
$6,615,000
Current use
AUTO REPAIR, GARAGE
$12,260,000
Change: +85% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,195,000
Change: +84% · Conversion: Moderate
MEDICAL BUILDING
$11,185,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,780,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$10,220,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$9,295,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$7.98M
Range $7.18M – $8.77M · ±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
$107 / 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
$334,152
Tax year 2023
Assessed value
$6,908,020
Assessed 2023
Previous assessed
$4,763,190
+45.0% YoY
Effective rate
4.84%
On assessed value
Assessed land
$1,480,570
Assessed improvement
$5,427,450
Land market value
$4,230,200
Improvement market value
$15,507,000
Total market value
$19,737,200
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
CENTRAL
Buildings
5
Stories
2
Total area
74,358 SF
Lot
42.3 ac (1,842,675 SF)
APN
185-001536
UPID
US66-1319569
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
$6.6M
AUTO REPAIR, GARAGE
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$11.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.8M
OFFICE BUILDING
Est. value
$10.2M
RETAIL STORES
Est. value
$9.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2
Buildings
5
Lot
42.3 ac
Current owner
From public records · entity-resolved
Forward Air INC
Entity
Free & Clear · 6 yrs held
Mailing address
4370 OLD DIXIE RD, ATLANTA, GA 30354-4035
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
$19,000
Forward Air INC
Gpt Groveport Owner LLC
Warranty Deed
—
Oct 16, 2018
—
Gpt Groveport Owner LLC
—
Grant Deed
related
—
Dec 12, 2014
$7,200,000
Gpt Groveport Owner LLC
Tcg Buckeye Port LLC
Grant Deed
—
Oct 19, 2012
—
Tcg Buckeye Port LLC
—
Deed Of Trust
related
$16,500,000 · Aviva Life & Annuity Co
Dec 30, 2009
$4,400,000
Tcg Buckeye Port LLC
Kenhio LLC
Grant Deed
—
Dec 30, 2009
—
Tcg Buckeye Port LLC
—
Deed Of Trust
related
$32,415,000 · Merrill Lync Tr 2005-mcp1 (ct)
May 20, 2005
$7,767,800
Kenhio LLC
Knickerbocker Properties INC Xxv
Limited Warranty Deed
$60,000,000 · Countrywide Commercial Real Estate
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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