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

    3051 Creekside Pkwy Lockbourne, OH

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

    737471 SF warehouse with material handling equipment available for lease.

    Property size:
    737,471 SF
    Lot size:
    37.19 Acres

    Property Features for 3051 Creekside Pkwy

    General Information

    Size
    737,471 SF
    Lot size
    37.19 Acres

    We can help!

    Listing Contact
    Rick Trott, Sior, Ccim
    Source: Moodyscre

    Listing Agency: CBRE | Columbus Listing Agent: Rick Trott, Sior, Ccim

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

    Learn more

    Property Insight Report

    Overview

    Warehouse Space Near Rickenbacker Airport

    Located in the Southeast/Rickenbacker Submarket, 3051 Creekside Parkway offers 737471 square feet of warehouse space. The property benefits from its proximity to the Rickenbacker International Airport and the Norfolk Southern Intermodal, as well as excellent interstate access. Material handling equipment is in place and available, including conveyor and sortation systems, lift equipment, generators, compressors, office furniture, IT equipment, and packing equipment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockbourne
    County
    Warren
    State
    Ohio
    Longitude
    -84.2116492
    Latitude
    39.3216972

    Nearby Similar for Lease

    • Contact for pricing
      340,049 SF

      Warehouse Space in Rickenbacker Park

      340,049 sq ft warehouse space available 11/1/2025.
      3100 Creekside Pkwy, Lockbourne, OH 43137
      View Details
    • Contact for pricing
      509,257 SF

      Rickenbacker Warehouse Space Available

      Warehouse space in Rickenbacker near major transportation routes.
      3780 Tradeport Ct, Lockbourne, OH 43137
      View Details
    • Contact for pricing
      14,100 SF

      Lockbourne Warehouse Space Available

      14,100 sqft warehouse space for lease in Lockbourne, Ohio.
      1815 Beggrow St, Lockbourne, OH 43137
      View Details
    • Contact for pricing
      304,560 SF

      Lockbourne Warehouse with Expandable Office

      Warehouse with expandable office space and multiple loading docks.
      9296 Intermodal Ct, Lockbourne, OH 43137
      View Details
    • Contact for pricing
      340,049 SF

      Lockbourne Warehouse Space Available

      340,049 Sq. Ft. warehouse space available 11/1/2025.
      3100 Creekside Pkwy, Lockbourne, OH
      View Details
    • Contact for pricing
      136,315 SF

      Lockbourne Warehouse Space Available

      136,315 SF warehouse space with ample parking.
      1302 London Groveport Rd, Lockbourne, OH
      View Details
    • Contact for pricing
      154,800 SF

      Lockbourne Warehouse Space Available

      154,800 SF warehouse with dock and drive-in doors.
      Commercial Pt Pkwy, Lockbourne, OH
      View Details
    • Contact for pricing
      97,982 SF

      Industrial Distribution Facility For Rent

      Modern Class A industrial distribution facility in Rickenbacker Global Logistics Park.
      2653 Global Ct, Lockbourne, OH
      View Details
    • Contact for pricing
      473,760 SF

      Lockbourne Industrial Property For Rent

      Industrial property in Lockbourne, OH, with tax abatement and utilities.
      6725 Schieser Farms Rd W, Lockbourne, OH
      View Details
    • $12 SF/Yr
      175,000 SF

      Lockbourne Warehouse Space Available

      175,000 SF Warehouse, Flexible Lease Options
      2373 Global Dr, Lockbourne, OH 43137
      View Details
    • Contact for pricing
      437,146 SF

      Lockbourne Warehouse with 40' Clearance

      437,146 SF warehouse with 40' clear height for rent.
      521 Exchange Way, Lockbourne, OH
      View Details

    FAQs

    What type of property is this?
    Distribution center - 737471 SF warehouse with material handling equipment available for lease.
    Where is this distribution center located?
    The property is located at 3051 Creekside Pkwy Lockbourne, OH.
    What are key features of this property?
    This property features: - Excellent interstate access.; - Located in the heart of the Southeast/Rickenbacker Submarket.; - Close proximity to Rickenbacker International Airport (air cargo).
    (614) 430-5091 Call to check price and availability
    Request Owner's contact information
    3051 Creekside Pkwy Lockbourne, OH
    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.
    3051 Creekside Pkwy
    Lockbourne, OH
    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
    3051 Creekside Pkwy Lockbourne, OH
    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
    Rick Trott, Sior, Ccim
    (614) 430-5091 (614) 224-1492
    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!