Sign Up Successful!
You now have access to more from Realmo!
    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

    725 Hebron Rd Heath, OH 43056

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in high-traffic Newark/Heath corridor.

    Property size:
    47,000 SF
    Lot size:
    3.76 Acres

    Property Features for 725 Hebron Rd

    General Information

    Size
    47,000 SF
    Lot size
    3.76 Acres

    We can help!

    Listing Contact
    Brian Krichbaum
    Brian Krichbaum
    Source: Moodyscre

    Listing Agent: Brian Krichbaum

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

    Learn more

    Property Insight Report

    Overview

    Prime Retail Space in Heath

    This property offers a unique opportunity to lease up to 47,000 square feet of retail space in a prime retail corridor serving the Newark and Heath markets. The space is currently divided into a 22,000 square foot unit and a 24,800 square foot unit. Situated on a 3.7-acre lot, the property provides ample surface parking. An existing pylon sign on Hebron Road offers two available panel locations. The location benefits from total annual retail expenditures of $1.4 billion within a five-mile radius. The site is located 3 miles from a $1 billion Microsoft Data center and 20 miles from a $20 billion Intel Chip plant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Licking
    State
    Ohio
    Longitude
    -82.4357594
    Latitude
    40.0330297

    Nearby Similar for Lease

    • $5 SF/Yr
      156,000 SF

      Industrial Warehouse Ready For Occupancy

      52,000 SF warehouse suitable for distribution, manufacturing, or logistics.
      2045-2055 James Pkwy, Heath, OH 43056
      View Details
    • $5 SF/Yr
      125,322 SF

      Central Ohio Warehouse for Lease

      125,322 SF warehouse with convenient access to major transportation routes.
      2135 James Pkwy, Heath, OH 43056
      View Details
    • $5 SF/Yr
      156,000 SF

      Industrial Warehouse Ready For Occupancy

      52,000 SF industrial warehouse available for lease in Heath, Ohio.
      2045-2055 James Pkwy, Heath, OH 43056
      View Details
    • $5 SF/Yr
      125,322 SF

      Warehouse with Rail Service Potential

      125,322 SF warehouse with convenient access to major transportation routes.
      2135 James Pkwy, Heath, OH 43056
      View Details
    • $11 SF/Yr
      30,000 SF

      Heath Industrial Building Available 2025

      30,000+/- sq ft industrial building available June 2025.
      1680 James Pkwy, Heath, OH 43056
      View Details
    • Contact for pricing
      16,000 SF

      Class A Office Space Available

      Class A office space with unique amenities in Heath, Ohio.
      781 W Irving Wick Dr, Heath, OH 43056
      View Details
    • $8 SF/Yr
      1,750 SF

      Stand-Alone Industrial Building For Lease

      Light industrial space with drive-in door access, ready for occupancy.
      831 Irving Wick Dr W, Heath, OH 43056
      View Details
    • $8 SF/Yr
      4,500 SF

      Adaptable Flex Space Available Now

      Light industrial space with office, restrooms, and open floorplan.
      811 Irving Wick Dr W, Heath, OH 43056
      View Details
    • Contact for pricing
      209,280 SF

      Heath Retail Center Opportunity

      Prime Licking County shopping center space available
      607 Hebron Rd, Heath, OH 43056
      View Details
    • Contact for pricing
      2,020 SF

      Grocery-Anchored Shopping Center Space

      Retail space available in a busy shopping center.
      533 Hebron Rd, Heath, OH 43056
      View Details
    • Contact for pricing
      1,885 SF

      Retail Space in Heath, Ohio

      Retail space available in established shopping center.
      911 Hebron Rd, Heath, OH 43056
      View Details
    • Contact for pricing
      2,730 SF

      Retail Space in Heath, Ohio

      Retail space available in a well-established shopping center.
      935-963 Hebron Rd, Heath, OH 43056
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in high-traffic Newark/Heath corridor.
    Where is this retail space located?
    The property is located at 725 Hebron Rd Heath, OH.
    What are key features of this property?
    This property features: - Prime retail corridor location serving Newark and Heath markets.; - High retail expenditure area: $1.4 billion annually within a five-mile radius.; - Ample surface parking on a 3.7-acre lot.
    (614) 744-2036
    Request Owner's contact information
    725 Hebron Rd Heath, OH 43056
    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.
    725 Hebron Rd
    Heath, OH 43056
    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
    725 Hebron Rd Heath, OH 43056
    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!
    Listing Contact
    Brian Krichbaum
    Brian Krichbaum
    (614) 744-2036
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.