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

    3920 Hamilton Square Blvd Groveport, OH 43125

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

    6,432 SF former restaurant on 1.673 acres for lease.

    Property size:
    6,429 SF
    Lot size:
    1.47 Acres

    Property Features for 3920 Hamilton Square Blvd

    General Information

    Size
    6,429 SF
    Lot size
    1.47 Acres

    We can help!

    Listing Contact
    Jason Gibson
    Jason Gibson
    Source: Moodyscre

    Listing Agent: Jason Gibson

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

    Learn more

    Property Insight Report

    Overview

    Former Restaurant in Groveport, OH

    The property is a former restaurant located in Groveport, OH. The building has a size of 6,432 square feet and is situated on a 1.673-acre lot. It benefits from excellent visibility and access from Hamilton Road and includes pylon signage. The property presents a redevelopment opportunity for multiple uses. The surrounding area includes retailers such as Giant Eagle, Aldi, and Sheetz, as well as restaurants like Chipotle, McDonald’s, Raising Cane’s, Starbucks, and Wendy’s.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nathans Famous Hotdogs Hot Dog Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Groveport
    County
    Franklin
    State
    Ohio
    Longitude
    -82.881952
    Latitude
    39.8946521

    Nearby Similar for Lease

    • Contact for pricing
      3,000 SF

      Restaurant Space with Patio

      Restaurant space with existing infrastructure in high-traffic location.
      3841 South Hamilton Rd, Groveport, OH 43125
      View Details
    • $14 SF/Yr
      35,300 SF

      Office Complex Near Rickenbacker Airport

      Two-building office complex with excellent accessibility and high traffic exposure.
      6425-6431 Alum Creek Dr, Groveport, OH 43125
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with Anchor Tenant

      Retail space with high visibility and ample parking.
      3773-3841 S Hamilton Rd, Groveport, OH 43125
      View Details
    • Contact for pricing
      84,239 SF

      Modern Groveport Warehouse with Abatement

      Class A warehouse built in 2018 with tax abatement.
      2353 Global Dr, Groveport, OH
      View Details
    • Contact for pricing
      108,024 SF

      Rickenbacker Industrial Space Available

      351,228 SF industrial space with modern features for lease.
      3219 Rohr Rd, Groveport, OH 43125
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Groveport, Ohio

      Retail space with excellent connectivity and high traffic location.
      3101 Toy Rd, Groveport, OH 43125
      View Details
    • Contact for pricing
      115,095 SF

      Groveport Retail Center Opportunity

      Prime Groveport retail space available.
      3841 Hamilton Rd, Groveport, OH 43125
      View Details
    • Contact for pricing
      30,700 SF

      Industrial Suites Near Airport

      Two industrial suites available for lease near Rickenbacker Airport.
      5700 N Green Pointe Dr, Groveport, OH 43125
      View Details
    • Contact for pricing
      225,504 SF

      Warehouse with Modern Industrial Features

      225,504 SF logistics facility with excellent access and features.
      5820 Opus Dr, Groveport, OH 43125
      View Details
    • Contact for pricing
      3,250 SF

      Office Suites Near Rickenbacker Airport

      Office suites for lease near Rickenbacker Airport and I-270.
      6425 Alum Creek Dr, Groveport, OH 43125
      View Details
    • Contact for pricing
      2,000 SF

      Flexible Office and Warehouse Spaces

      Office and warehouse spaces for lease with highway access.
      4407-4417 Professional Pkwy, Groveport, OH 43125
      View Details
    • Contact for pricing
      358,949 SF

      Groveport Warehouse and Distribution Space

      358,949 SF warehouse with dock doors and parking.
      6030-6290 Opus Dr, Groveport, OH 43125
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - 6,432 SF former restaurant on 1.673 acres for lease.
    Where is this conventional restaurant located?
    The property is located at 3920 Hamilton Square Blvd Groveport, OH.
    What are key features of this property?
    This property features: - Excellent visibility and access from Hamilton Road; - Redevelopment opportunity for multiple uses; - 6,432 SF on 1.673 acres
    (513) 784-1106
    Request Owner's contact information
    3920 Hamilton Square Blvd Groveport, OH 43125
    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.
    3920 Hamilton Square Blvd
    Groveport, OH 43125
    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
    3920 Hamilton Square Blvd Groveport, OH 43125
    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
    Jason Gibson
    Jason Gibson
    Real Estate License ID: BRKP.2016004929
    (513) 784-1106
    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.