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

    Edwards Farms Rd & Davidson Rd Hilliard, OH

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

    Unique tech/flex industrial space with highway visibility and tax abatement.

    Type:INDUSTRIAL
    Property size:
    44,000 SF
    Lot size:
    12.01 Acres
    Added:
    Jul 26, 2024
    Days on Market:
    615
    Last Refresh:
    Mar 29 at 8:51 pm

    Property Features for Edwards Farms Rd & Davidson Rd

    General Information

    Standard status
    Active
    Size
    44,000 SF
    Lot size
    12.01 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at Edwards Farms Rd & Davidson Rd Contact us

    We can help!

    Listing Contact
    Joe Davis
    Joe Davis

    Listing agent Joe Davis License #BRKM.0000344240

    Listing office JLL | Columbus

    Listing date Jul 26, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of JLL | Columbus

    Overview

    Tech/Flex Industrial Space Available

    This property offers a unique tech/flex industrial space. It features highway visibility and a favorable tax abatement. The property provides 44000 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Similar Places Nearby

    • Buckeye Desi Catering — 6350 scioto darby rd, hilliard, oh 43026

    Map

    City
    Hilliard
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1807
    Latitude
    40.022

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space For Lease

      3,367 SF freestanding building on a prime corner location.
      4974 Cemetery Road, Hilliard, OH 43026
      View Details
    • $19/mo

      Retail Space Near High-Traffic Starbucks

      Retail space with high visibility and ample parking.
      3582-3600 Fishinger Blvd, Hilliard, OH
      View Details
    • Contact for pricing

      Available Retail Space Near I-270

      20,052 SF retail space with truck dock, available Fall 2024.
      3931-3939 Trueman Blvd , Hilliard , OH
      View Details
    • Contact for pricing

      Turnkey Office Space Available

      2,400 SF office space in Hilliard retail corridor.
      4556-4610 Cemetery Rd , Hilliard , OH
      View Details
    • Contact for pricing

      Turnkey Auto Shop for Sale

      Operating auto shop with equipment, low rent, immediate revenue.
      4529 Scioto Darby Rd, Hilliard, OH
      View Details
    • $6/mo

      Hilliard Warehouse with Office Space

      Functional warehouse space with office and showroom in Hilliard.
      3636 Lacon Rd, Hilliard , OH
      View Details
    • $12/mo

      Hilliard Office Space For Rent

      Office space available in Hilliard, Ohio with ample parking.
      5500-5514 Nike Dr, Hilliard , OH
      View Details
    • $8/mo

      Retail Space with High Visibility

      Retail property with high traffic and easy highway access.
      5445-5837 Roberts Rd , Hilliard , OH
      View Details
    • Contact for pricing

      Adventure-Focused Mixed-Use Development

      Mixed-use development near trails, lakes, and a waterfall.
      Quarry Trails Dr, Hilliard, OH
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available from 20,000 to 75,900 SqFt.
      4500 Britton Pkwy, Hilliard, OH 43026
      View Details
    • Contact for pricing

      Retail Space in Hilliard Square

      Retail suites available in rapidly expanding Columbus suburb.
      4658-4740 Cemetery Rd , Hilliard , OH
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office spaces available, ranging from 8,000 to 16,260 SqFt.
      4640 Trueman Blvd, Hilliard, OH 43026
      View Details

    FAQs

    What type of property is this?
    Flex space - Unique tech/flex industrial space with highway visibility and tax abatement.
    Where is this flex space located?
    The property is located at Edwards Farms Rd & Davidson Rd Hilliard, OH.
    What are key features of this property?
    This property features: Unique tech/flex industrial space; Highway visibility; Favorable tax abatement
    (614) 439-5434
    We can help!
    Listing Contact
    Joe Davis
    Joe Davis
    Real Estate License ID: BRKM.0000344240
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!