Flexible Use Office/Commercial
420 S Hamilton Road Whitehall, OH 43213
420 S Hamilton Road, Whitehall, OH, 43213
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For Sale
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Flat, two-parcel property with existing access and parking, supported by SH zoning and strong traffic exposure.
Property Size4,452 SF
Price / SF$272.35
Days on Market43
Property Features for 420 S Hamilton Road
General Information
- Standard status
- Active
- Size
- 4,452 SF
- Property subtype
- Office, Land
Building Details
- Year Built
- 1985
Listing agency
NAI Ohio Equities, LLC
(614) 940-4032
Listed by
Mia Vennemeyer · License #2024004750
Source
Crexi
Added: Jun 11 Updated: Jul 22 at 11:38AM Checked: Jul 22 at 11:38AM
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 NAI Ohio Equities, LLC
Investment Insights
Based on property information with market context.
This property presents a flexible, for-sale commercial site supported by SH zoning, accommodating a wide range of uses including medical, retail, drive-thru, multifamily, senior housing, mixed-use, and live-work. The offering is structured as two parcels, providing options for buyers to purchase one or both. The site is currently tenant-free, offering a clean slate for an owner-user or development plan. Parcel 1 has a history of medical/office buildout, while Parcel 2 is described as well-suited for a retail pad, a drive-thru ground lease, or future expansion.
The property is located on a flat site and includes existing access, parking, and infrastructure. Public remarks also note approximately 21,000 vehicles per day, supporting strong visibility and traffic exposure for future occupants or development.
As a tenant-free, two-parcel asset with existing site improvements and flexible zoning, the property is positioned for buyers seeking adaptable uses across medical, retail, and live-work concepts.
The property is located on a flat site and includes existing access, parking, and infrastructure. Public remarks also note approximately 21,000 vehicles per day, supporting strong visibility and traffic exposure for future occupants or development.
As a tenant-free, two-parcel asset with existing site improvements and flexible zoning, the property is positioned for buyers seeking adaptable uses across medical, retail, and live-work concepts.
Key Highlights
- SH zoning supports medical, retail, drive‑thru, multifamily, senior housing, mixed‑use, and live‑work uses
- Approx. 21,000 vehicles per day per public remarks, supporting high traffic exposure
- Flat site with existing access, parking, and infrastructure in place
Local Financial Insights For Office B
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 | $96.2k | $21.60 |
| − Vacancy | −$23.1k | −$5.18 |
| EGI | $73.1k | $16.42 |
| − OpEx | −$18.3k | −$4.10 |
| NOI | $54.8k | $12.31 |
4,452 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$783.0K
$685.2K – $913.6K
NOI $54,813 @ 7.0% cap · market cap 4.52%
Second Best
Mixed Use
$644.0K
$563.5K – $751.3K
NOI $45,077 @ 7.0% cap · market cap 3.72%
Theoretical Best
Specialty Retail
$907.6K
$794.2K – $1.06M
NOI $63,534 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Flat, two-parcel property with existing access and parking, supported by SH zoning and strong traffic exposure.
Where is this office building located?
The property is located at 420 S Hamilton Road Whitehall, OH.
What is the asking price?
The asking price for this property is $1,212,500.
What are key features of this property?
This property features: SH zoning supports medical, retail, drive‑thru, multifamily, senior housing, mixed‑use, and live‑work uses; Approx. 21,000 vehicles per day per public remarks, supporting high traffic exposure; Flat site with existing access, parking, and infrastructure in place
