Retail Property Portfolio
3636 Lockbourne Road Columbus, OH 43207
3636 Lockbourne Road, Columbus, OH, 43207
Contact for pricing
For Sale
Contact for pricing
Retail property for sale, part of a three-property portfolio.
Property Size9,014 SF
Price / SF$264.02
Days on Market61
Property Features for 3636 Lockbourne Road
General Information
- Standard status
- Active
- Size
- 9,014 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing Agency
Matthews
Listed by
Eddie DeSimone · License #10410386411
Source
Crexi
Added: May 18 Checked: Jul 16 at 12:37 pm
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 Matthews
Investment Insights
Based on property information with market context.
This retail property, part of a three-property portfolio, is available for sale. The property has a size of 9014 square feet and operates under an NN lease structure with a remaining term of over 5 years.
Key Highlights
- Part of a 3 Property Portfolio
- NN Lease Type
- Benefit from a 5+ Years Lease Term
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.9k | $21.84 |
| − Vacancy | −$47.2k | −$5.24 |
| EGI | $149.6k | $16.60 |
| − OpEx | −$44.9k | −$4.98 |
| NOI | $104.7k | $11.62 |
9,014 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,733 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.82M
$1.59M – $2.12M
NOI $127,175 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Retail property for sale, part of a three-property portfolio.
Where is this retail property located?
The property is located at 3636 Lockbourne Road Columbus, OH.
What is the asking price?
The asking price for this property is $2,379,882.
What are key features of this property?
This property features: Part of a 3 Property Portfolio; NN Lease Type; Benefit from a 5+ Years Lease Term
