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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Commercial real estate
8930 London Groveport Rd Grove City, OH 43123-8818
Entity Owned
1-yr Hold
Property ID
US66-1503287
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2020
Construction
WOOD
Total area
7,680 SF
Lot
52.1 ac (2,269,476 SF)
APN
232-000032
UPID
US66-1503287
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
-
Frenchie Bisous Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$540k
Owner & transaction history
Madison Oaks LLC · 1 yrs held
Madison Oaks LLC
since 2024
Last sale
$500,000
6 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 Grove City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grove City 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
COMMERCIAL (GENERAL)
$770,000
Current use
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $500k (Nov 14 2024)
Last sale anchor
$500k
Nov 14 2024
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
$70 / 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
$14,735
Tax year 2023
Assessed value
$202,870
Assessed 2023
Previous assessed
$49,960
+306.1% YoY
Effective rate
7.26%
On assessed value
Assessed land
$47,570
Assessed improvement
$155,300
Land market value
$299,100
Improvement market value
$443,700
Total market value
$742,800
Applied tax rate
232.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
7,680 SF
Lot
52.1 ac (2,269,476 SF)
APN
232-000032
UPID
US66-1503287
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
COMMERCIAL (GENERAL) Current
Est. value
$770,000
COMMERCIAL (GENERAL) 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
2020
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
5
Bathrooms
1
Lot
52.1 ac
Current owner
From public records · entity-resolved
Madison Oaks LLC
Entity
Mailing address
3812 GEORGESVILLE WRIGHTSVL RD, GROVE CITY, OH 43123-9148
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
$500,000
Madison Oaks LLC
Brian L Boggs
Deed
$500,000 · Brian Boggs
Feb 18, 2022
—
Brian L Buggs
—
Deed
related
$94,860 · Heartland Bank
Dec 11, 2012
—
Boggs Brian L Trust
Boggs,brian L & Christina M
Quit Claim Deed
related
—
Jun 15, 2012
$225,000
Brian L Boggs
Sullivan,ethel A
Grant Deed
—
Jun 23, 2008
—
Ethel Sullivan
Sullivan,douglas A
Affidavit Of Death
—
May 14, 2002
$2,000
George E Canning
Sullivan,douglas A & Ethel A
Grant Deed
related
—
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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