Multi-Tenant Flex
For Sale
Contact for pricing
4700 NORTHWEST PKWY, Hilliard, OH 43026
Flexible office and warehouse configuration with dock and drive-in loading access.
Property Size30,876 SF
Lot Size3.36 Acres
Price / SF$100.40
Days on Market48
Property Features for 4700 NORTHWEST PKWY
General Information
Standard status
Active
Size
30,876 SF
Lot size
3.36 Acres
Property subtype
Office, Industrial, Mixed Use
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
4
Additional Details
Highway Access
Yes
Building Details
Building Size
30,876 SF
Tenancy
Multi
Listing Agency:
Rj Boll Realty
Listed By:
Jake Boll, SIOR · License #OH SAL.2016006108
(614) 307-9933
Source:
Crexi
Added: Sep 1
Changed: Oct 1
Last Checked: Oct 16 at 6:06AM
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
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Investment Insights
Based on property information with market context.
This multi-tenant flex property contains approximately 30,876 square feet across office and office/warehouse areas. The layout offers multiple configurations for an owner-user, while the multi-tenant format also supports investor leasing strategies. Loading improvements include 1 dock and 4 drive-in doors, with capacity to add more doors.
The property occupies approximately 3.36 acres on the west side of Hilliard, Ohio. Access to regional transportation is supported by a location approximately 1.3 miles from I-270 and 0.7 miles from Cemetery Road.
The property occupies approximately 3.36 acres on the west side of Hilliard, Ohio. Access to regional transportation is supported by a location approximately 1.3 miles from I-270 and 0.7 miles from Cemetery Road.
Key Highlights
- Approximately 30,876 square feet of multi‑tenant office and warehouse space
- Multiple office and office/warehouse configurations for owner‑user occupancy
- 1 dock and 4 drive‑in doors, with ability to add more
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,856
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,337,120
$2.3M
Cap Rate 7%
$1,669,371
$1.7M
Cap Rate 9%
$1,298,400
$1.3M
Market Conditions
NOI Build-Up for 30,876 SF
Gross rent
$196.4K $6.36/SF
− Vacancy
−$16.6K −$0.54/SF
EGI
$179.8K $5.82/SF
− OpEx
−$62.9K −$2.04/SF
NOI
$116.9K $3.78/SF
Area
Franklin County, OH
Vacancy
8.45%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,337,120
Cap Rate 7%
$1,669,371
Cap Rate 9%
$1,298,400
Alternative Uses
Best Use
Warehouse
$6.22M
$5.45M – $7.26M
NOI $435,618 @ 7.0% cap · market cap 14.05%
Second Best
Office B
$5.43M
$4.75M – $6.34M
NOI $380,145 @ 7.0% cap · market cap 12.26%
Theoretical Best
Specialty Retail
$6.29M
$5.51M – $7.34M
NOI $440,631 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
4
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43026, OH
64,607
Population
25,671
Households
2.5
Avg Household Size
35
Median Age
55%
College-Educated
96%
High-School Grad
35.3 sq mi
ZIP Area
1,830
Density / Sq Mi
$110,369
Median Household Income
$59,770
Median Earnings
$1,430
Median Rent
$324,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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 - Flexible office and warehouse configuration with dock and drive-in loading access.
Where is this flex space located?
The property is located at 4700 NORTHWEST PKWY 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: Approximately 30,876 square feet of multi‑tenant office and warehouse space; Multiple office and office/warehouse configurations for owner‑user occupancy; 1 dock and 4 drive‑in doors, with ability to add more
