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

    8509 Owenfield Dr Powell, OH 43065

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

    Retail building with high visibility and strong demographics.

    Property size:
    2,600 SF
    Lot size:
    2,600 SF

    Property Features for 8509 Owenfield Dr

    General Information

    Standard status
    Active
    Size
    2,600 SF

    We can help!

    Listing Contact
    Tyler Thebes
    Source: Cbre

    Listing Agency: CBRE | Columbus Listing Agent: Tyler Thebes

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

    Learn more

    Overview

    Standalone Retail Building Near US-23

    This standalone retail building, with a size of 2600 square feet, is located off the US-23 corridor. The surrounding retail area includes tenants such as Walmart, BJs, Home Depot, and Meijer. Kemba Financial and Primrose are also present, serving as a gateway for southbound traffic. The property benefits from high visibility and strong demographics within a 1-mile radius, with a traffic count of 45,000 cars per day.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Powell
    County
    Butler
    State
    Ohio
    Longitude
    -83.0808
    Latitude
    40.1701

    Nearby Similar for Lease

    • $5,000 /Mo
      2,429 SF

      Retail Space Near BJ's Wholesale

      2429 SF retail space in high-traffic Powell, Ohio corridor.
      8595 Owenfield Dr, Powell, OH 43065
      View Details
    • $18 SF/Yr
      3,459 SF

      Medical Office Space Available

      3,459 SF medical office space for lease.
      10401 Sawmill Pkwy, Powell, OH 43065
      View Details
    • $25 SF/Yr

      Move-in Ready Single-Tenant Building

      Single-tenant building with high-end finishes in Downtown Powell.
      267 N Liberty St, Powell, OH 43065
      View Details
    • $4,500 /Mo

      Powell Retail Space For Lease

      2,160 SF retail space in downtown Powell's vibrant DORA district.
      50 W Olentangy St, Powell, OH 43065
      View Details
    • $25 SF/Yr
      2,069 SF

      Single-Tenant Office Building in Powell

      Move-in ready office building with high-end finishes in Downtown Powell.
      267 N Liberty St, Powell, OH
      View Details
    • $12 SF/Yr
      2,400 SF

      Office Warehouse Suite For Rent

      1,200 SF office warehouse suite available 12/1/2024.
      10-106 Village Pointe Dr, Powell, OH
      View Details
    • $28 SF/Yr
      41,446 SF

      Wedgewood Retail Center: Prime Location

      High-traffic retail space, ample parking.
      10726 Sawmill Pkwy, Powell, OH 43065
      View Details
    • $1,050 /Mo
      695 SF

      Powell Office Space For Rent

      Office space available immediately, includes kitchenette and restroom.
      3791-3809 Attucks Dr, Powell, OH
      View Details
    • $45 SF/Yr
      20,000 SF

      Retail Space in Powell, Ohio

      Retail property available for lease in Powell, Ohio.
      120-180 E Olentangy St, Powell, OH
      View Details
    • Contact for pricing

      Powell Office Space For Rent

      2,770 SF office space available near restaurants and amenities.
      10330 Sawmill Pkwy, Powell, OH
      View Details
    • Contact for pricing

      Powell Office Space Available

      Office space available for lease in Powell, Ohio.
      110 Riverbend Ave, Powell, OH
      View Details
    • $9 SF/Yr
      20,200 SF

      Village Industrial Park: Powell, OH

      Industrial Space for Lease: Powell, Ohio
      195 Olentangy St, Powell, OH 43065
      View Details

    FAQs

    What type of property is this?
    Flex space - Retail building with high visibility and strong demographics.
    Where is this flex space located?
    The property is located at 8509 Owenfield Dr Powell, OH.
    What are key features of this property?
    This property features: - High traffic volume: 45,000 cars per day; - Excellent visibility; - Strategic location off US-23 corridor
    (614) 781-5134
    Request Owner's contact information
    8509 Owenfield Dr Powell, OH 43065
    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.
    8509 Owenfield Dr
    Powell, OH 43065
    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
    8509 Owenfield Dr Powell, OH 43065
    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
    Tyler Thebes
    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!