Flex Building with Drive-In
4105 Lyman Dr Hilliard, OH 43026
For Sale
Contact for pricing
Built in 2001, the versatile 19,600 SF building includes showroom, office, retail, and warehouse space.
Property Size19,602 SF
Lot Size3.39 Acres
Price / SF$176
Days on Market16
Property Features for 4105 Lyman Dr
General Information
Standard status
Active
Size
19,602 SF
Lot size
3.39 Acres
Property subtype
RETAIL
Listing Agency:
Kohr Royer Griffith, Inc.
(614) 255-4369
Listed By:
Robert Gillie
(614) 255-4369
Source:
Moodyscre
Added: Jul 14
Changed: Jul 28
Last Checked: Jul 28 at 8:26PM
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, Inc.
Investment Insights
Based on property information with market context.
4105 Lyman Drive is a versatile commercial building combining showroom, office, retail, and warehouse space within a single facility. The property was built in 2001 and is described as exceptionally maintained, with a newer roof and multiple upgraded HVAC units.
The site totals 3.39 acres and includes convenient drive-in loading door access. Ample parking is noted, supporting a wide range of commercial operations that benefit from a mix of front-of-house and warehouse workflow.
The building is presented in turnkey condition with minimal capital improvements required, making it suitable for users seeking flexible space alongside functional loading capability.
The site totals 3.39 acres and includes convenient drive-in loading door access. Ample parking is noted, supporting a wide range of commercial operations that benefit from a mix of front-of-house and warehouse workflow.
The building is presented in turnkey condition with minimal capital improvements required, making it suitable for users seeking flexible space alongside functional loading capability.
Key Highlights
- 19,600 SF commercial building built in 2001 with showroom, office, retail, and warehouse space
- 3.39‑acre site with functional mix of showroom, office, retail, and warehouse areas
- Convenient drive‑in loading door for loading and distribution
Financial Insights For Warehouse
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 | $428.1k | $21.84 |
| − Vacancy | −$102.7k | −$5.24 |
| EGI | $325.4k | $16.60 |
| − OpEx | −$48.8k | −$2.49 |
| NOI | $276.6k | $14.11 |
19,602 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.95M
$3.46M – $4.61M
NOI $276,558 @ 7.0% cap · market cap 8.02%
Second Best
Retail
$3.73M
$3.26M – $4.35M
NOI $261,090 @ 7.0% cap · market cap 7.57%
Theoretical Best
Specialty Retail
$4.00M
$3.50M – $4.66M
NOI $279,740 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Chris Cakes Pancake Catering — 3840 Lacon Rd #16, Hilliard, OH 43026
Frequently Asked Questions
What type of property is this?
Flex space - Built in 2001, the versatile 19,600 SF building includes showroom, office, retail, and warehouse space.
Where is this flex space 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: 19,600 SF commercial building built in 2001 with showroom, office, retail, and warehouse space; 3.39‑acre site with functional mix of showroom, office, retail, and warehouse areas; Convenient drive‑in loading door for loading and distribution
