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    5816 Hamilton Rd New Albany, OH

    For Sale
    $2,600,000

    Development land available with commercial zoning and all utilities.

    Lot size:
    6.50 Acres

    Property Features for 5816 Hamilton Rd

    General Information

    Lot size
    6.50 Acres

    Source: Coldwell Banker Commercial - Aspire Realty Services | Columbus Agent Chris Howard

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

    Overview

    Hamilton Road Development Land For Sale

    Development land on Hamilton Road is available for sale. The property is zoned for commercial use within Columbus. All utilities and roadways, both public and private, are available to the site. The land may be combined or divided. The price ranges from $350,000 to $750,000 per acre.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8087864
    Latitude
    40.0811745

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    FAQs

    What type of property is this?
    Land - Development land available with commercial zoning and all utilities.
    Where is this land located?
    The property is located at 5816 Hamilton Rd New Albany, OH.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Commercial zoning in Columbus makes this development land ideal for various ventures.; - All utilities are available to the site.; - Roadways, both public and private, provide easy access.
    (614) 264-6801
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    5816 Hamilton Rd New Albany, OH
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    New Albany, OH
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    Realmo Value Estimation

    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.

    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.

    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
    5816 Hamilton Rd New Albany, OH
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