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Property profile & analytics
OFF-MARKET
Estimated value
$19,200,000
Medical Office Space
Stringtown Rd, Grove City, OH 43123
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-3529749
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
125,467 SF
Lot
20.61 ac (897,728 SF)
APN
040-015521
UPID
US66-3529749
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.11M
Comparable Approach
Comparable
$26.82M
Blend (final)
Blend
$19.20M
Owner & transaction history
City Of Grove City · 9 yrs held
City Of Grove City
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.7M
+9.6%
Neighborhood: shopping center
$20.6M
+9.1%
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 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%
$20,695,000
6.5%
$19,105,000
7%
$17,740,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$18,870,000
Current use
AUTO REPAIR, GARAGE
$20,685,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,580,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$18,775,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$18,190,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$15,680,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$19.20M
Range $17.28M – $21.12M · ±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
$153 / 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
$322,842
Tax year 2023
Assessed value
$16,140,510
Assessed 2023
Previous assessed
$16,140,510
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$2,640,620
Assessed improvement
$13,499,890
Land market value
$7,544,600
Improvement market value
$38,571,100
Total market value
$46,115,700
Applied tax rate
40.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
125,467 SF
Lot
20.61 ac (897,728 SF)
APN
040-015521
UPID
US66-3529749
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
MEDICAL BUILDING Current
Est. value
$18.9M
AUTO REPAIR, GARAGE
Est. value
$20.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.6M
OFFICE BUILDING
Est. value
$18.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.2M
RETAIL STORES
Est. value
$15.7M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2017
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
20.61 ac
Current owner
From public records · entity-resolved
City Of Grove City
Entity
Free & Clear · 9 yrs held
Mailing address
180 E BROAD ST FL #34, COLUMBUS, OH 43215-3707
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2017
—
City Of Grove City
Ohiohealth Corp
Grant Deed
—
Feb 21, 2012
$1,114,800
Ohiohealth Corp
Copas,juanita L
Warranty Deed
—
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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