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    Hilliard Office/Warehouse Multi-Tenant Property Title is generated by Realmo AI

    4700 Northwest Parkway, Hilliard, OH

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    Multi-tenant office/warehouse with dock and drive-in access in Hilliard.

    Type:INDUSTRIAL
    Property size:
    11,030 SF
    Lot size:
    3.36 Acres
    Price / SF:
    $281/SF
    Added:
    Jan 24, 2025
    Days on Market:
    506
    Last Refresh:
    May 19 at 9:26 pm

    Property Features for 4700 Northwest Parkway

    General Information

    Standard status
    Active
    Size
    11,030 SF
    Lot size
    3.36 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Jake Boll, SIOR
    Jake Boll, SIOR

    Listing agent Jake Boll, SIOR

    Listing office Rj Boll Realty, Ltd.

    Listing date Jan 24, 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 Rj Boll Realty, Ltd.

    HighLights

    • ±30,876 Sq. Ft. multi‑tenant office/warehouse
    • Multiple office or office/warehouse options for owner/user or investor
    • Located ±1.3 miles from I‑270
    • Situated upon ±3.36 acres
    • Located on the west side within City of Hilliard
    • 1 dock, 4 drive‑ins; ability to add more

    Overview

    The property at 4700 Northwest Parkway, Hilliard, OH, is a multi-tenant office/warehouse building with approximately 30,876 square feet of space. Situated on approximately 3.36 acres, the property offers multiple office or office/warehouse options suitable for an owner/user to occupy, or an investor can backfill at market rents. The building includes 1 dock and 4 drive-in doors, with the potential to add more. The property is located on the west side within the City of Hilliard, approximately 1.3 miles from I-270 and approximately 0.7 miles from Cemetery Road.

    Local 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 $240.9k $21.84
    − Vacancy −$57.8k −$5.24
    EGI $183.1k $16.60
    − OpEx −$27.5k −$2.49
    NOI $155.6k $14.11
    11,030 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $2.22M
    $1.95M – $2.59M (±1% cap)
    NOI $155,618 @ 7.0% cap · market cap 5.02%
    Second Best
    Office B
    $1.94M
    $1.70M – $2.26M (±1% cap)
    NOI $135,801 @ 7.0% cap · market cap 4.38%
    Theoretical Best
    Specialty Retail
    $2.25M
    $1.97M – $2.62M (±1% cap)
    NOI $157,409 @ 7.0% cap · market cap 5.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Jacadis IT Consulting Firm DigiZap Solutions Factory RDS Drain Service Plumbing Service YourLeave Business To Business Service Alternative Risk Management ... Insurance Agency

    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
    -83.1442
    Latitude
    40.0395

    FAQs

    What type of property is this?
    Warehouse - Multi-tenant office/warehouse with dock and drive-in access in Hilliard.
    Where is this warehouse located?
    The property is located at 4700 Northwest Parkway Hilliard, OH.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: ±30,876 Sq. Ft. multi‑tenant office/warehouse; Multiple office or office/warehouse options for owner/user or investor; Located ±1.3 miles from I‑270
    (614) 307-9933 Call to check price and availability
    More about this property
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