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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7207 Young Rd Grove City, OH 43123

    • Commercial real estate
    • 34.38 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4516514
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • WagenRich Equestrian Center / Horse Boarding Stable
    • Wounded Arrow Ranch / Ranch

    Property Details for 7207 Young Rd

    Lot size
    34.38 lot acres
    Property type
    Commercial real estate
    APN
    230-002795

    Description

    This exceptional 34.38-acre equestrian property in Grove City, Ohio, presents a unique opportunity for discerning buyers. Located at 7207 Young Rd, Franklin County, and encompassing two parcels (APN 230-002795), this expansive farm boasts two large barns offering over 20 stalls. The front barn features 10 stalls with electricity, an oversized aisle, two hay lofts, two tack rooms (one suitable for an office), a bathroom, and an indoor arena primed for expansion. A rear barn, ideal for breeding or quarantine purposes, includes seven oversized stalls, a hay loft, tack and feed rooms, and a substantial addition perfect for equipment, supplies, or storage. The property also includes three dedicated turnout paddocks, mud lots with electric and run-in sheds, larger pasture/farm fields, and a pasture barn with four stalls and a lean-to. Seven exterior water hydrants ensure convenient access to water throughout the property. A building pad with existing septic is ready for the construction of a dream home. The property features an outdoor lighted arena complete with a judges' stand. Its convenient location near I-71, Ohio State University, Scioto Downs, and the airport, combined with its Res-Ag zoning, makes this an ideal location for an equestrian business, breeding facility, or training center. The asking price is $899,900. South-Western school district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grove City
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1211027
    Latitude
    39.8168654

    Comparable in this City

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      Industrial Development Site Available

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      Retail Pad For Sale

      1.68 acre retail pad available for purchase.
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      Grove City Commercial Land Opportunity

      Prime 5.33-acre lot, ideal for development.
      5875 Haughn Rd, Grove City, OH 43123
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    Similar Nearby for Sale

    • $6,600,000
      16.00 Acres

      Grove City Development Land

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      1209 Stringtown Rd, Grove City, OH 43123
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      Industrial Development Site Available

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      Grove City Development Land

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      Grove City Commercial Land Opportunity

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    • $690,000

      Grove City Corner Commercial Lot

      Prime corner lot with high visibility and flexible C-2 zoning.
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    Similar Nearby for Lease

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      Land For Rent Grove City

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      Commercial Pad Site For Lease

      Commercial land available for ground lease in Grove City, Ohio.
      1548 Stringtown Rd, Grove City, OH 43123
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      Prime Commercial Land For Lease

      2.68 acres of commercial land with high traffic exposure.
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      108,000 SF

      Lewis Center Industrial Space

      Modern warehouse/manufacturing space available
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      Industrial Space in Grove City

      63,041 square foot industrial space for lease.
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      145,657 SF

      Industrial Space in Grove City

      Available industrial space totaling 268,905 SF in Grove City.
      5701 N Meadows Dr, Grove City, OH 43123
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    7207 Young Rd
    Grove City, OH 43123
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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