New search
Property profile & analytics
OFF-MARKET
Estimated value
$12,025,000
Commercial land
Winchester Blvd, Groveport, OH 43125
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-4229396
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1995
Total area
120,103 SF
Lot
0.46 ac (19,820 SF)
APN
184-000996
UPID
US66-4229396
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
by Request
Comparable Approach
Comparable
$12.06M
Blend (final)
Blend
$12.03M
Owner & transaction history
City Of Canal Winchester · 4 yrs held
City Of Canal Winchester
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.8M
+64.3%
Neighborhood: shopping center
$19.7M
+63.4%
Medical building
$18.1M
+49.8%
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
COMMERCIAL (GENERAL)
$12,055,000
Current use
AUTO REPAIR, GARAGE
$19,805,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,700,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$18,065,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$17,410,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$16,505,000
Change: +37% · Conversion: Easy
RETAIL STORES
$15,010,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$12.03M
Range $10.82M – $13.23M · ±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
$100 / 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
$1,231
Tax year 2023
Previous assessed
$14,810
Applied tax rate
184.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1995
Heating
NONE
Cooling
YES
Total area
120,103 SF
Lot
0.46 ac (19,820 SF)
APN
184-000996
UPID
US66-4229396
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
$12.1M
AUTO REPAIR, GARAGE
Est. value
$19.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.7M
MEDICAL BUILDING
Est. value
$18.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.4M
OFFICE BUILDING
Est. value
$16.5M
RETAIL STORES
Est. value
$15.0M
COMMERCIAL (GENERAL) 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
1995
Heating
NONE
Cooling
Yes
Lot
0.46 ac
Current owner
From public records · entity-resolved
City Of Canal Winchester
Entity
Mailing address
36 S HIGH ST, CANAL WINCHESTER, OH 43110-1213
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
35 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
—
City Of Canal Winchester
Phele Investment Properties
Warranty Deed
—
Jun 30, 2021
$1,023,200
Cw Partners LLC
Phele Investment Properties
Warranty Deed
$10,302,082 · Premier Bank
Jun 4, 2021
—
Chris S Sevis
Phele Investment Properties
Warranty Deed
—
Jul 12, 2017
$218,000
Sirius Investments LLC
Phele Investment Properties
Warranty Deed
—
Jun 15, 2017
—
Chris S Sevis
Phele Investment Properties
Warranty Deed
—
Jan 28, 2016
—
Phele Investment Properties
Sevis Chris S
Warranty Deed
—
Jul 8, 2015
$202,200
Canal Winchester Holdings LLC
Phele Investment Properties
Warranty Deed
related
—
Jul 6, 2015
—
Phele Investment Properties
Duras Dino
Warranty Deed
related
—
May 13, 2014
—
Phele Investment Properties
Sevis Chris S
Warranty Deed
—
May 13, 2014
$946,500
Inn At Winchester Trail Ltd
Phele Investment Properties
Grant Deed
$9,680,000 · Park Nat'l Bk
Dec 27, 2007
$2,000,000
Phele Investment Properties
Winchester Investment
Grant Deed
$600,000 · Citizens National Bank
Dec 19, 2007
—
Acme Holding Co
Winchester Investment
Quit Claim Deed
related
—
Apr 6, 2006
—
Park Realty Of Ohio LLC
—
Trustees Deed
related
$1,653,000 · Huntington National Bank
Jan 27, 2006
$250,000
Park Realty Of Ohio LLC
Winchester Investment
Grant Deed
$200,000 · Huntington National Bank
Apr 21, 2004
—
6340 Prenties School Drive LLC
—
Deed Of Trust
related
$1,452,919 · First Bremen Bank
Mar 8, 2004
—
6340 Prentiss School Drive LLC
—
Deed Of Trust
related
$1,452,000 · Commercial Savings Bank
Aug 14, 2003
$350,000
Sapp Properties Prentiss LLC
Winchester Investment Co
Grant Deed
$916,896 · Huntington National Bank
Jan 28, 2003
$462,500
6340 Prentiss School Drive LLC
Winchester Investment Co
Grant Deed
$1,205,000 · Commercial Savings Bank
May 24, 2002
$265,000
Jkm Investments Ltd
Winchester Investment Co
Grant Deed
$559,000 · National City Bank
Apr 27, 2001
$410,000
First Bremen Bank
Winchester Investments Co
Grant Deed
related
—
Jul 3, 2000
$275,000
Ashland INC
Winchester Investment Co
Grant Deed
—
Apr 6, 1999
—
Village Of Canal Winchester
Winchester Investment Co
Quit Claim Deed
related
—
Apr 6, 1999
$914,000
Grafx Packaging Corp
Winchester Investment Co
Grant Deed
—
Oct 3, 1997
$199,700
Emerald Light Investments
Winchester Investments Co
Grant Deed
—
Oct 2, 1997
$265,000
Canal Winchester Ohio 1296 Ltd
Winchester Investment Co
Grant Deed
related
$1,900,000 · Citizens Bank Logan
—
—
6340 Prenties School Drive LLC
—
Deed Of Trust
related
$150,000 · First Bremen Bank
—
—
Nom Canal Ltd
—
Deed Of Trust
related
$1,676,000 · Compass Bank
—
—
Sapp Properties Prentiss LLC
—
Deed Of Trust
related
$282,000 · Huntington National Bank
—
—
Canal Winchester Holdings LLC
—
Deed Of Trust
related
$2,474,400 · Peoples Bk
—
—
Canal Winchester Holdings LLC
—
Deed Of Trust
related
$404,821 · Peoples Bk
—
—
Park Realty Of Ohio LLC
—
Deed Of Trust
related
$192,000 · Huntington National Bank
—
—
Phele Investment Properties
—
Deed Of Trust
related
$750,000 · Fahey Bkng
—
—
Phele Investment Properties
—
Deed Of Trust
related
$200,000 · Citizens National Bank
—
—
Phele Investment Properties
—
Deed Of Trust
related
$826,500 · Citizens Nat'l Bk
—
—
Phele Investment Properties
—
Deed Of Trust
related
$25,000 · Citizens Nat'l 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Winchester Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
