Two-Building Retail
For Sale
$6,820,000
73-109 North Hamilton Road, Gahanna, OH 43230
Fully occupied commercial center positioned along Hamilton Road in Gahanna’s main retail corridor.
Property Size22,792 SF
Days on Market114
Property Features for 73-109 North Hamilton Road
General Information
Standard status
Active
Size
22,792 SF
Property subtype
Retail
Building Details
Building Size
22,792 SF
Year Built
2012
Units
8
Listing Agency:
The Gilbert Group
Listed By:
Michael Nolan · License #SAL.2004017782
(614) 674-6942
Source:
Commercialcafe
Added: Jun 23
Changed: Sep 30
Last Checked: Oct 12 at 4:33PM
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 The Gilbert Group
Investment Insights
Based on property information with market context.
The Commons of Clark Hall is a two-building retail center with multiple tenants and 100% occupancy. Constructed in 2012, the property is positioned along Hamilton Road within Gahanna’s primary retail corridor. The asset is subject to a ground lease with the local school district, with 79 years remaining through March 3, 2097.
The center is adjacent to Columbus State Community College, Clark Hall Gahanna Lincoln High School, and Eastland Fairfield Career & Tech. Hamilton Road traffic is reported at 52,500 VPD, supporting the property’s location within an established commercial corridor. The property address is 73-109 North Hamilton Road, Gahanna, OH 43230.
The center is adjacent to Columbus State Community College, Clark Hall Gahanna Lincoln High School, and Eastland Fairfield Career & Tech. Hamilton Road traffic is reported at 52,500 VPD, supporting the property’s location within an established commercial corridor. The property address is 73-109 North Hamilton Road, Gahanna, OH 43230.
Key Highlights
- 100% occupied two‑building retail center
- 79 years remaining on ground lease through March 3, 2097
- Ground lease ownership held by the local school district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$264,818
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,296,360
$5.3M
Cap Rate 7%
$3,783,114
$3.8M
Cap Rate 9%
$2,942,422
$2.9M
Market Conditions
NOI Build-Up for 22,792 SF
Gross rent
$497.8K $21.84/SF
− Vacancy
−$119.5K −$5.24/SF
EGI
$378.3K $16.60/SF
− OpEx
−$113.5K −$4.98/SF
NOI
$264.8K $11.62/SF
Area
ZIP 43230
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,296,360
Cap Rate 7%
$3,783,114
Cap Rate 9%
$2,942,422
Alternative Uses
Best Use
Retail
$3.78M
$3.31M – $4.41M
NOI $264,818 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,649 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43230, OH
58,372
Population
26,170
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
2,861
Density / Sq Mi
$92,271
Median Household Income
$53,832
Median Earnings
$1,407
Median Rent
$282,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied commercial center positioned along Hamilton Road in Gahanna’s main retail corridor.
Where is this shopping center located?
The property is located at 73-109 North Hamilton Road Gahanna, OH.
What is the asking price?
The asking price for this property is $6,820,000.
What are key features of this property?
This property features: 100% occupied two‑building retail center; 79 years remaining on ground lease through March 3, 2097; Ground lease ownership held by the local school district
