Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5323-5345 Hendron Rd Groveport, OH

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr

    Office space available for lease in Groveport, Ohio.

    Type:OFFICE
    Property size:
    2,055 SF
    Lot size:
    2.52 Acres
    Added:
    Sep 23, 2025
    Days on Market:
    191
    Last Refresh:
    Mar 29 at 11:13 pm

    Property Features for 5323-5345 Hendron Rd

    General Information

    Standard status
    Active
    Size
    2,055 SF
    Lot size
    2.52 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 5323-5345 Hendron Rd Contact us

    We can help!

    Listing Contact
    Laurah Hallock

    Listing agent Laurah Hallock

    Listing office Equity - Corporate

    Listing date Sep 23, 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 Equity - Corporate

    Overview

    Office Space in Groveport, OH

    Available for lease is an office space encompassing 2,055 square feet. The property is located in Groveport, Ohio.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Groveport
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8959
    Latitude
    39.8556

    Nearby Similar for Lease

    • Contact for pricing

      Restaurant Space with Patio

      Restaurant space with patio in high-traffic shopping center.
      3841 South Hamilton Road, Groveport, OH, 43125
      View Details
    • Contact for pricing

      Retail Space in Groveport, Ohio

      Retail space with excellent connectivity and high traffic location.
      3101 Toy Rd, Groveport, OH
      View Details
    • Contact for pricing

      Industrial Building in Groveport, Ohio

      318,769 SF industrial space with tax abatement and secured court.
      5275 Centerpoint Parkway, Groveport, OH, 43125
      View Details
    • Contact for pricing

      Retail Space in Groveport Plaza

      Retail space available in well-located Groveport shopping center.
      6011-6029 Groveport Rd , Groveport, OH
      View Details
    • Contact for pricing

      Retail Space with Anchor Tenant

      Retail space with high visibility and ample parking.
      3773-3841 S Hamilton Rd, Groveport, OH
      View Details
    • Contact for pricing

      Office Suites Near Rickenbacker Airport

      Office suites for lease near Rickenbacker Airport and I-270.
      6425 Alum Creek Dr, Groveport, OH
      View Details
    • Contact for pricing

      Former Restaurant in Groveport, OH

      6,432 SF former restaurant on 1.673 acres for lease.
      3920 Hamilton Square Blvd, Groveport, OH
      View Details
    • Contact for pricing

      Warehouse with Modern Industrial Features

      225,504 SF logistics facility with excellent access and features.
      5820 Opus Dr, Groveport, OH
      View Details
    • Contact for pricing

      Industrial Suites Near Airport

      Two industrial suites available for lease near Rickenbacker Airport.
      5700 N Green Pointe Dr, Groveport, OH
      View Details
    • Contact for pricing

      Office Space Near I-270

      Office space with ample parking and convenient highway access.
      4575 Winchester Pike, Groveport, OH
      View Details
    • Contact for pricing

      Groveport Warehouse Space Available

      155,871 square foot warehouse in Groveport, Ohio for lease.
      2373 Global Dr, Groveport, OH
      View Details
    • Contact for pricing

      Groveport Warehouse and Distribution Space

      358,949 SF warehouse with dock doors and parking.
      6030-6290 Opus Dr , Groveport, OH
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for lease in Groveport, Ohio.
    Where is this office units located?
    The property is located at 5323-5345 Hendron Rd Groveport, OH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Office space available for lease; Located in Groveport, Ohio
    (614) 802-2900
    We can help!
    Listing Contact
    Laurah Hallock
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!