Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    316 Sylvan Ave Lancaster, OH 43130

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,228 SF warehouse space for lease in Lancaster, OH.

    Property size:
    7,228 SF
    Lot size:
    0.14 Acres

    Property Features for 316 Sylvan Ave

    General Information

    Size
    7,228 SF
    Lot size
    0.14 Acres

    We can help!

    Listing Contact
    Jay Zollars
    Jay Zollars
    Source: Moodyscre

    Listing Agency: RZ Realty Listing Agent: Jay Zollars

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lancaster Warehouse Space Available

    A 7,228 square foot suite is available for lease within a 32,600 square foot concrete block building. The average ceiling height is 14 feet. The property is located in Lancaster, OH. The lease rate is $6 per square foot per year, modified gross lease. The property can be used for warehouse and industrial purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BEST EMS Ambulance Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mattlin Properties

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.6200556
    Latitude
    39.7173183

    Nearby Similar for Lease

    • New
      $3,000 /Mo
      3,360 SF

      Office Space on Granville Pike

      Office spaces available for lease with high visibility and access.
      1981 Granville Pike NE, Lancaster, OH 43130
      View Details
    • $3,683 /Mo
      9,300 SF

      Downtown Lancaster Office Suite For Rent

      Prime office suite in downtown Lancaster, available March 1, 2026.
      113 W Wheeling St, Lancaster, OH 43130
      View Details
    • $10,000 /Mo
      22,275 SF

      Lancaster, OH Commercial Space

      Prime commercial space for lease in Lancaster, Ohio.
      511 S High St, Lancaster, OH 43130
      View Details
    • $8 SF/Yr
      34,896 SF

      Downtown Lancaster Second-Floor Office Space

      Second-floor office space for lease in downtown Lancaster, Ohio.
      230 N Columbus St, Lancaster, OH 43130
      View Details
    • $16 SF/Yr
      15,948 SF

      New Lancaster Office Space Available

      New office buildings with build-to-suit options in Lancaster, OH.
      2656 N Columbus St, Lancaster, OH 43130
      View Details
    • $160,000
      924 SF

      Renovated Commercial Building, Lancaster, OH

      Recently renovated commercial building in high-traffic area with ample parking.
      103 Cedar Hill Rd, Lancaster, OH 43130
      View Details
    • $14 SF/Yr
      12,584 SF

      Medical Office Building For Lease

      Multi-tenant medical office building with surgical center and renovated common areas.
      2405 North Columbus St, Lancaster, OH 43130
      View Details
    • Contact for pricing
      6,870 SF

      Lancaster Retail Space For Rent

      Retail space available for lease in Lancaster, Ohio.
      1621-1739 N Memorial Dr, Lancaster, OH 43130
      View Details
    • Contact for pricing
      30,000 SF

      Lancaster Office Space Available

      30,000 square feet of office space for rent.
      1432 NW Collins Rd, Lancaster, OH 43130
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Lancaster Corridor

      1,200 SF retail space in a prominent retail corridor.
      1185-1259 Memorial Dr, Lancaster, OH 43130
      View Details
    • Contact for pricing
      32,000 SF

      Remodeled Retail Space Available

      32,000 SF retail space, divisible to 2,000 SF.
      1410 Ety Rd NW, Lancaster, OH 43130
      View Details
    • Contact for pricing
      6,250 SF

      Retail Space in Lancaster, OH

      Retail space available in Lancaster, Ohio, near Columbus.
      1500-1730 River Valley Cir S, Lancaster, OH 43130
      View Details

    FAQs

    What type of property is this?
    Warehouse - 7,228 SF warehouse space for lease in Lancaster, OH.
    Where is this warehouse located?
    The property is located at 316 Sylvan Ave Lancaster, OH.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - 7,228 SF Suite C Available for Lease; - $6/SF/YR Modified Gross Lease; - 32,600 SF Concrete Block Building
    (614) 486-7070 Call to check price and availability
    Request Owner's contact information
    316 Sylvan Ave Lancaster, OH 43130
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    316 Sylvan Ave
    Lancaster, OH 43130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    316 Sylvan Ave Lancaster, OH 43130
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jay Zollars
    Jay Zollars
    Real Estate License ID: 363667
    (614) 486-7070 (614) 374-5050
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!