Hilliard Office/Warehouse Multi-Tenant
4700 Northwest Parkway Hilliard, OH
For Sale
Contact for pricing
Multi-tenant office/warehouse with dock and drive-in access in Hilliard.
Property Size11,030 SF
Lot Size3.36 Acres
Price / SF$281.05
Days on Market552
Property Features for 4700 Northwest Parkway
General Information
Standard status
Active
Size
11,030 SF
Lot size
3.36 Acres
Property subtype
OFFICE
Listing Agency:
Rj Boll Realty, Ltd.
(614) 307-9933
Listed By:
Jake Boll, SIOR
(614) 307-9933
Source:
Moodyscre
Added: Jan 24, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:19AM
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.
Investment Insights
Based on property information with market context.
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.
Key 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
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
NOI $155,618 @ 7.0% cap · market cap 5.02%
Second Best
Office B
$1.94M
$1.70M – $2.26M
NOI $135,801 @ 7.0% cap · market cap 4.38%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.62M
NOI $157,409 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Store Space Self Storage — 3927 Brown Park Dr, Hilliard, OH 43026
- FastGood4Cheap Movers — 3800 Lacon Rd, Hilliard, OH 43026
Frequently Asked Questions
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
