Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Bank Building For Rent Title is generated by Realmo AI

    1066 Hebron Road, Heath, OH 43056

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,580 SF former bank building on 1.58 acres.

    Type:Retail
    Property size:
    4,580 SF
    Lot size:
    1.58 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    50
    Last Refresh:
    Mar 18 at 8:00 am

    Property Features for 1066 Hebron Road

    General Information

    Standard status
    Active
    Size
    4,580 SF
    Lot size
    1.58 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Luke Streng
    Luke Streng

    Listing agent Luke Streng License #OH 2007004532

    Listing office CBRE | Columbus

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Columbus

    HighLights

    • Premier frontage at a signaled corner
    • 4,580 sq ft former bank building
    • Constructed in 2008
    • 1.58 acre lot
    • Functional one‑story layout
    • Includes lobby, private offices, conference/waiting areas, restrooms, a breakroom, plus a basement

    Overview

    This 4,580-square-foot building, formerly a bank, was constructed in 2008 and is situated on a 1.58-acre lot. The one-story layout includes a lobby, private offices, conference and waiting areas, restrooms, and a breakroom, as well as a basement. The property benefits from frontage at a signaled corner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Licking
    State
    Ohio
    Longitude
    -82.4478409
    Latitude
    40.0233492

    Nearby Similar for Lease

    • $5 SF/Yr

      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

      Warehouse with Rail Service Potential

      125,322 SF warehouse with convenient access to major transportation routes.
      2135 James Pkwy, Heath, OH 43056
      View Details
    • Contact for pricing

      New Flex Space For Lease

      New flex suites with office space and drive-in doors.
      699 Hopewell Drive, Heath, OH 43056
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space with unique amenities in Heath, Ohio.
      781 W Irving Wick Dr , Heath, OH
      View Details
    • $11 SF/Yr

      Heath Industrial Building Available 2025

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

      Retail Space on Central Parkway

      Retail property located on the corner of Central Parkway.
      901 Hebron Road, Heath, OH, 43056
      View Details
    • Contact for pricing

      Stand-Alone Industrial Building For Lease

      Light industrial space with drive-in door access, ready for occupancy.
      831 Irving Wick Dr W, Heath, OH
      View Details
    • Contact for pricing

      Retail Space in Heath, Ohio

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

      Retail Space in Heath, Ohio

      Retail space available in a well-established shopping center.
      935-963 Hebron Rd, Heath, OH
      View Details
    • $8 SF/Yr

      Adaptable Flex Space Available Now

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

      Grocery-Anchored Shopping Center Space

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

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 380 to 3,780 SqFt.
      607 Hebron Rd, Heath, OH 43056
      View Details

    FAQs

    What type of property is this?
    Bank - 4,580 SF former bank building on 1.58 acres.
    Where is this bank located?
    The property is located at 1066 Hebron Road Heath, OH.
    What are key features of this property?
    This property features: Premier frontage at a signaled corner; 4,580 sq ft former bank building; Constructed in 2008
    (614) 781-5130
    We can help!
    Listing Contact
    Luke Streng
    Luke Streng
    Real Estate License ID: OH 2007004532
    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

    Thank You for Inquiry
    1066 Hebron Road, Heath, OH, 43056
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!