Grocery and Convenience Store
For Sale
$1,300,000
1325 E Dublin Granville Road, Columbus, OH 43229
For sale grocery and convenience retail property in Columbus, Ohio, suited for neighborhood shopping needs.
Property Size6,126 SF
Days on Market480
Property Features for 1325 E Dublin Granville Road
General Information
Standard status
Active
Size
6,126 SF
Zoning
CAC
Taxes and HOA fees
Annual Taxes
$20,436
Building Details
Building Size
6,126 SF
Year Built
1971
Stories
1
Listing Agency:
The Robert Weiler Company
Listed By:
Julie Cohen · License #2022001851
(614) 390-6800
Source:
Evrealestate
Added: May 14, 2025
Changed: Sep 2
Last Checked: Sep 5 at 4:10AM
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 The Robert Weiler Company
Investment Insights
Based on property information with market context.
This property is a for-sale retail offering categorized as a grocery and convenience store. It is positioned for daily-needs retail, with the general configuration typically expected for this type of operation.
Located in Franklin County in Columbus, Ohio, the property sits at 1325 E Dublin Granville Road. The address provides straightforward drive-up access for local customers and supports retail traffic tied to everyday purchases.
For tenants, buyers, and investors evaluating neighborhood-oriented retail, this listing aligns with grocery and convenience store use. The asset type supports concepts focused on quick, repeat shopping and convenience-driven merchandising. Interested parties can review the existing property details and confirm any specific layout, condition, and operational requirements directly with the seller or through the broker during due diligence.
Located in Franklin County in Columbus, Ohio, the property sits at 1325 E Dublin Granville Road. The address provides straightforward drive-up access for local customers and supports retail traffic tied to everyday purchases.
For tenants, buyers, and investors evaluating neighborhood-oriented retail, this listing aligns with grocery and convenience store use. The asset type supports concepts focused on quick, repeat shopping and convenience-driven merchandising. Interested parties can review the existing property details and confirm any specific layout, condition, and operational requirements directly with the seller or through the broker during due diligence.
Key Highlights
- Property built in 1971
- For sale grocery and convenience retail property in Columbus, Ohio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,299
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,325,980
$1.3M
Cap Rate 7%
$947,129
$947.1K
Cap Rate 9%
$736,656
$736.7K
Market Conditions
NOI Build-Up for 6,126 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.6K $15.60/SF
− Vacancy
−$7.2K −$1.17/SF
EGI
$88.4K $14.43/SF
− OpEx
−$22.1K −$3.61/SF
NOI
$66.3K $10.82/SF
Area
ZIP 43229
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,325,980
Cap Rate 7%
$947,129
Cap Rate 9%
$736,656
Alternative Uses
Best Use
Specialty Retail
$947.1K
$828.7K – $1.10M
NOI $66,299 @ 7.0% cap · market cap 5.10%
Second Best
Retail
$807.2K
$706.3K – $941.7K
NOI $56,501 @ 7.0% cap · market cap 4.35%
Theoretical Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,974 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43229, OH
54,310
Population
23,290
Households
2.3
Avg Household Size
34
Median Age
24%
College-Educated
83%
High-School Grad
9.0 sq mi
ZIP Area
6,034
Density / Sq Mi
$53,430
Median Household Income
$35,181
Median Earnings
$1,082
Median Rent
$210,600
Median Home Value
Market
Vacancy Rate% for Retail in Columbus, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mi Bandera Meat & Grocery — 1965 E Dublin Granville Rd, Columbus, OH 43229
- Toro Meat Market — 1405 E Dublin Granville Rd, Columbus, OH 43229
- Lovely QUEEN African Market — 1668 E Dublin Granville Rd, Columbus, OH 43229
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - For sale grocery and convenience retail property in Columbus, Ohio, suited for neighborhood shopping needs.
Where is this grocery and convenience store located?
The property is located at 1325 E Dublin Granville Road Columbus, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Property built in 1971; For sale grocery and convenience retail property in Columbus, Ohio
