Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hilliard Industrial and Office Property Title is generated by Realmo AI

    4601 Lyman Dr, Hilliard, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Industrial property featuring warehouse, manufacturing, R&D, and office space.

    Type:INDUSTRIAL
    Property size:
    29,733 SF
    Lot size:
    3.03 Acres
    Added:
    Oct 17, 2025
    Days on Market:
    212
    Last Refresh:
    Apr 5 at 9:22 pm

    Property Features for 4601 Lyman Dr

    General Information

    Standard status
    Active
    Size
    29,733 SF
    Lot size
    3.03 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Jonathan Schuen, SIOR

    Listing agent Jonathan Schuen, SIOR

    Listing office Colliers | Columbus

    Listing date Oct 17, 2025

    Source Moodyscre

    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 Colliers | Columbus

    HighLights

    • Significant warehouse/manufacturing/R&D space (23,750 ± SF)
    • Ample office space (5,983 ± SF)
    • Multiple drive‑in doors (9 total) for easy access
    • Standalone maintenance building (900 ± SF)
    • Additional 2nd story space (3,990 ± SF)
    • Variety of drive‑in door sizes to accommodate different needs

    Overview

    The property includes 5,983 square feet of office space, 23,750 square feet of warehouse, manufacturing, and R&D space, and 3,990 square feet of second-story space. Additionally, there is a 900-square-foot standalone maintenance building. The property features nine drive-in doors, including seven doors measuring 9 feet wide by 9 feet high, one door measuring 12 feet wide by 9 feet high, and one door measuring 10 feet wide by 14 feet high. The total property size is approximately 29,733 square feet and is located in Hilliard, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bobby Rahal, Inc. Car Dealership River's Edge Cutlery (Bike/Boat/Book/etc) Store Team Rahal Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hilliard
    County
    Franklin
    State
    Ohio
    Longitude
    -83.129
    Latitude
    40.0471

    Nearby Similar for Sale

    • $3,100,000
      11,030 SF

      Hilliard Office/Warehouse Multi-Tenant Property

      Multi-tenant office/warehouse with dock and drive-in access in Hilliard.
      4700 Northwest Parkway, Hilliard, OH
      View Details
    • $2,846,000
      2,900 SF

      New Freddy's Restaurant For Sale

      New 20-year NNN lease Freddy's restaurant, opening January 2025.
      1719 Hilliard Rome Rd, Hilliard, OH
      View Details
    • $895,000
      3,234 SF

      Medical/Office Building with Drive Thru

      Standalone medical/office building with drive-thru in Hilliard, OH.
      4099 Trueman Blvd, Hilliard, OH 43026
      View Details
    • $3,000,000
      17,319 SF

      Retail Property on Fishinger Boulevard

      Retail property available for sale in Hilliard, Ohio.
      3610 Fishinger Blvd , Hilliard , OH
      View Details
    • $10
      2,140 SF

      Class A Medical/Office Building

      Two-story Class A medical/office building in Mill Run area.
      3535 Fishinger Blvd, Hilliard, OH 43026
      View Details
    • $10

      Class A Medical/Office Building

      Two-story Class A medical/office building in Mill Run area.
      3535 Fishinger Blvd, Hilliard, OH 43026
      View Details
    • $4,480,000
      25,283 SF

      NNN Property in Columbus MSA

      100% Occupied NNN property in Columbus MSA for sale.
      3931 Trueman Blvd, Hilliard, OH 43026
      View Details
    • Contact for pricing
      508 SF

      New Dual Drive-Thru 7 Brew

      Brand new 7 Brew Coffee with dual drive-thru.
      4266 Cemetery Road, Hilliard, OH 43026
      View Details
    • Contact for pricing
      19,260 SF

      Hilliard Warehouse Suites For Sale

      Fourteen suites with rental upside in Hilliard market.
      3999 Parkway Ln, Hilliard , OH
      View Details
    • Contact for pricing
      4,700 SF

      Office/Warehouse Building on One Acre

      Well-maintained office/warehouse with expansion potential on over one acre.
      2910 Scioto Darby Ex Court , Hilliard , OH
      View Details
    • Contact for pricing
      14,700 SF

      Hilliard Warehouse Space Available

      14,700 SF warehouse space in Hilliard, Ohio for sale.
      3979-3981 Parkway Ave , Hilliard , OH
      View Details
    • Contact for pricing
      36,650 SF

      Industrial Storage Facility For Sale

      Class A industrial storage facility with modern office build-out.
      4344 Weaver Court, Hilliard, OH
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Industrial property featuring warehouse, manufacturing, R&D, and office space.
    Where is this manufacturing property located?
    The property is located at 4601 Lyman Dr Hilliard, OH.
    What are key features of this property?
    This property features: Significant warehouse/manufacturing/R&D space (23,750 ± SF); Ample office space (5,983 ± SF); Multiple drive‑in doors (9 total) for easy access
    (614) 579-4691 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jonathan Schuen, SIOR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4601 Lyman Dr, Hilliard, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!