Drive-In Loading
For Sale
$3,450,000
4105 Lyman Dr, Hilliard, OH 43026
Built in 2001, this exceptionally maintained warehouse offers convenient drive-in loading and multiple upgraded HVAC units.
Property Size19,500 SF
Days on Market93
Property Features for 4105 Lyman Dr
General Information
Standard status
Active
Size
19,500 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Drive-In Doors
1
Building Details
Building Size
19,500 SF
Year Built
2001
Listing Agency:
Kohr Royer Griffith
Listed By:
Rob Gillie · License #2001007385
(614) 255-4369
Source:
Krgre
Added: Jul 16
Changed: Oct 3
Last Checked: Oct 14 at 9:56PM
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 Kohr Royer Griffith
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Investment Insights
Based on property information with market context.
This warehouse property was built in 2001 and is described as exceptionally maintained and turnkey, with minimal capital improvements required. The building includes a convenient drive-in loading door to support straightforward logistics, and it has a newer roof. Multiple upgraded HVAC units are in place as part of the property’s improvements.
The property is located at 4105 Lyman Dr in Hilliard, Ohio, and is offered for sale.
Overall, the asset is positioned for immediate occupancy given its maintained condition and recently updated core building components, including the roof and HVAC systems.
The property is located at 4105 Lyman Dr in Hilliard, Ohio, and is offered for sale.
Overall, the asset is positioned for immediate occupancy given its maintained condition and recently updated core building components, including the roof and HVAC systems.
Key Highlights
- Warehouse built in 2001
- Convenient drive‑in loading door
- Multiple upgraded HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$275,118
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,502,360
$5.5M
Cap Rate 7%
$3,930,257
$3.9M
Cap Rate 9%
$3,056,867
$3.1M
Market Conditions
NOI Build-Up for 19,500 SF
Gross rent
$425.9K $21.84/SF
− Vacancy
−$102.2K −$5.24/SF
EGI
$323.7K $16.60/SF
− OpEx
−$48.6K −$2.49/SF
NOI
$275.1K $14.11/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,502,360
Cap Rate 7%
$3,930,257
Cap Rate 9%
$3,056,867
Alternative Uses
Best Use
Warehouse
$3.93M
$3.44M – $4.59M
NOI $275,118 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.98M
$3.48M – $4.64M
NOI $278,284 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Bracewell Storage facility — 3649 Parkway Ln 1st Floor - B, Hilliard, OH 43026
- FastGood4Cheap Movers — 3800 Lacon Rd, Hilliard, OH 43026
- Store Space Self Storage — 3927 Brown Park Dr, Hilliard, OH 43026
- Crozet Self Storage Unit — 4101 Trueman Blvd, Hilliard, OH 43026
- All My Sons Moving & Storage — 4401 Lyman Dr D, Hilliard, OH 43026
Frequently Asked Questions
What type of property is this?
Warehouse - Built in 2001, this exceptionally maintained warehouse offers convenient drive-in loading and multiple upgraded HVAC units.
Where is this warehouse located?
The property is located at 4105 Lyman Dr Hilliard, OH.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Warehouse built in 2001; Convenient drive‑in loading door; Multiple upgraded HVAC units
