Corner Commercial
3600 Lockbourne, Columbus, OH 43207
For Sale
New
Contact for pricing
LM (Light Manufacturing) zoning and three existing tenant leases shape the site's current commercial profile.
Property Size6,668 SF
Price / SF$343.43
Days on Market6
Property Features for 3600 Lockbourne
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Best Corporate Real Estate
Listed By:
Randy Best · License #311236
(614) 559-3350
Source:
Moodyscre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 6 at 11:14AM
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 Best Corporate Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3.37-acre commercial land property is configured as a corner redevelopment site. Three tenants currently occupy the property, which has operated as a retail site, and the zoning is LM (Light Manufacturing).
The parcel extends around a neighboring Dollar General. Its existing leases and retail history are part of the site's current configuration.
The parcel extends around a neighboring Dollar General. Its existing leases and retail history are part of the site's current configuration.
Key Highlights
- 3.37‑acre corner redevelopment site
- Zoned LM (Light Manufacturing)
- Three current tenant leases; property has been used for retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,475
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,500
$1.5M
Cap Rate 7%
$1,106,786
$1.1M
Cap Rate 9%
$860,833
$860.8K
Market Conditions
NOI Build-Up for 6,668 SF
Gross rent
$145.6K $21.84/SF
− Vacancy
−$35.0K −$5.24/SF
EGI
$110.7K $16.60/SF
− OpEx
−$33.2K −$4.98/SF
NOI
$77.5K $11.62/SF
Area
ZIP 43207
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,500
Cap Rate 7%
$1,106,786
Cap Rate 9%
$860,833
Alternative Uses
Best Use
Retail
$1.11M
$968.4K – $1.29M
NOI $77,475 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.34M
$1.18M – $1.57M
NOI $94,076 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Commercial land in Columbus
Vacancy Rate% for Retail in Columbus, OH
Frequently Asked Questions
What type of property is this?
Commercial land - LM (Light Manufacturing) zoning and three existing tenant leases shape the site's current commercial profile.
Where is this commercial land located?
The property is located at 3600 Lockbourne Columbus, OH.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: 3.37‑acre corner redevelopment site; Zoned LM (Light Manufacturing); Three current tenant leases; property has been used for retail
