Standalone Office Retail
For Sale
Contact for pricing
4099 Trueman Blvd, Hilliard, OH 43026
Standalone office/retail building with drive-through capability, monument signage, and immediate access to I-270.
Property Size3,096 SF
Lot Size1.51 Acres
Price / SF$289.08
Days on Market192
Property Features for 4099 Trueman Blvd
General Information
Standard status
Active
Size
3,096 SF
Lot size
1.51 Acres
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Amenities
drive-thru capability
monument signage
Building Details
Year Renovated
2017
Listing Agency:
Roth Real Estate Group
(614) 224-8660
Listed By:
Andy Patton · License #2001021908
(614) 371-5754
Source:
Moodyscre
Added: Mar 1
Changed: Sep 7
Last Checked: Sep 8 at 10:40AM
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 Roth Real Estate Group
Investment Insights
Based on property information with market context.
Located at 4099 Trueman Blvd in Hilliard, this standalone office/retail building offers 3,234 square feet on 1.51 acres. The property was renovated in 2017 and includes drive-through capability, excess parking, and monument signage.
Access is designed for convenience, with immediate connection to I-270. The configuration and standalone layout can support a range of medical, professional office, or service uses seeking their own building in an established suburban corridor.
The offering is presented for sale by Roth Real Estate Group.
Access is designed for convenience, with immediate connection to I-270. The configuration and standalone layout can support a range of medical, professional office, or service uses seeking their own building in an established suburban corridor.
The offering is presented for sale by Roth Real Estate Group.
Key Highlights
- 3,234 SF standalone office/retail building on 1.51 acres in Hilliard, Ohio
- Renovated in 2017
- Drive‑through capability
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
$38,118
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
4.26%
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%
$762,360
$762.4K
Cap Rate 7%
$544,543
$544.5K
Cap Rate 9%
$423,533
$423.5K
Market Conditions
NOI Build-Up for 3,096 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
$66.9K $21.60/SF
− Vacancy
−$16.0K −$5.18/SF
EGI
$50.8K $16.42/SF
− OpEx
−$12.7K −$4.10/SF
NOI
$38.1K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /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%
$762,360
Cap Rate 7%
$544,543
Cap Rate 9%
$423,533
Alternative Uses
Best Use
Office B
$544.5K
$476.5K – $635.3K
NOI $38,118 @ 7.0% cap · market cap 4.26%
Second Best
Healthcare Medical
$437.7K
$383.0K – $510.7K
NOI $30,641 @ 7.0% cap · market cap 3.42%
Theoretical Best
Specialty Retail
$631.2K
$552.3K – $736.4K
NOI $44,183 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,012
Businesses Nearby
Explore this area
Business Placement
Demographics for 43026, OH
64,607
Population
25,671
Households
2.5
Avg Household Size
35
Median Age
55%
College-Educated
96%
High-School Grad
35.3 sq mi
ZIP Area
1,830
Density / Sq Mi
$110,369
Median Household Income
$59,770
Median Earnings
$1,430
Median Rent
$324,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Standalone office/retail building with drive-through capability, monument signage, and immediate access to I-270.
Where is this office building located?
The property is located at 4099 Trueman Blvd Hilliard, OH.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,234 SF standalone office/retail building on 1.51 acres in Hilliard, Ohio; Renovated in 2017; Drive‑through capability
