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    3499 Main St Hilliard, OH 43026-1319

    • Office buildings
    • 11,746 SF
    • 1.31 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2025
    $2,350,000
    Value Estimations
    $2,405,000
    Show details
    Cap Rate Potential
    6.3%
    Office buildings
    Location Intelligence
    Property ID
    US66-2430229
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hilliard OH Homes Homes for Sale Hilliard OH - Will Gagnon Red One Realty / Real Estate Agency / Real Estate Agents
    • Hart, Greg - HER Realtors / Real Estate Agency
    • Jamie Roberts, Realtors HER, Columbus, Ohio / Real Estate Agent
    • Kara Barnhart, HER, REALTORS / Real Estate Agent
    • Taylor Hart / Real Estate Agent

    Property Details for 3499 Main St

    Year built
    2004
    Construction
    WOOD
    Lot size
    1.31 lot acres
    Property size
    11,746 SF
    Property type
    Office buildings
    APN
    050-010079
    APU
    50010079

    Description

    This exceptional single-tenant office building, located at 3499 Main St in Hilliard, Ohio, presents a unique investment opportunity. Boasting 11,891 square feet of well-designed space, this 2004-constructed building sits on a 1.3-acre lot and offers ample parking with 44 spaces. The property's strategic location at the intersection of Main St and Heritage Club Dr ensures high visibility, with over 23,000 vehicles passing daily. A large monument sign directly off Main Street provides exceptional exposure for any business. The building is zoned commercial and features a single story design. The asking price is $2,499,000, or the property can be leased at $17 per square foot, NNN. Its convenient location offers easy access to nearby parks, retail establishments, and restaurants, enhancing its appeal to both employees and clients. This property is ideal for businesses seeking a prominent and functional space in a thriving Ohio community. The zip code is 43026.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,430,000
      ML approach
      $2,465,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,570,000
      6.5%
      $2,375,000
      7%
      $2,205,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,258,000
      Market price range: $970k - $2.73M
      AI Estimate
      $1,536,000
      Market price range: $553k - $2.13M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hilliard
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1607
    Latitude
    40.0227
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,981
    $263,450
    $359,910
    $623,360
    -
    $752,700
    $1,028,300
    $1,781,000

    Comparable in this City

    • Value Estimation
      $290,000
      1,231 SF

      5001 Cemetery Rd

      OFFICE BUILDING • 1,231 SF
      5001 Cemetery Rd, Hilliard, OH 43026-1641
      View Details
    • Value Estimation
      $275,000
      0.24 Acres

      4143 Main St

      OFFICE BUILDING • 0.24 Acres
      4143 Main St, Hilliard, OH 43026-1403
      View Details
    • Value Estimation
      $270,000
      1,056 SF

      4975 Cemetery Rd

      OFFICE BUILDING • 1,056 SF
      4975 Cemetery Rd, Hilliard, OH 43026-1641
      View Details
    • Value Estimation
      $325,000
      2,024 SF

      5375 Grace St

      OFFICE BUILDING • 2,024 SF
      5375 Grace St, Hilliard, OH 43026-1411
      View Details
    • Value Estimation
      $310,000
      2,096 SF

      2490 Hilliard Rome Rd

      OFFICE BUILDING • 2,096 SF
      2490 Hilliard Rome Rd, Hilliard, OH 43026-9467
      View Details
    • Value Estimation
      $420,000
      7,600 SF

      4010 Main St

      OFFICE BUILDING • 7,600 SF
      4010 Main St, Hilliard, OH 43026-1423
      View Details

    Similar Nearby for Sale

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      Hilliard Office Building For Sale

      Office building with 32,518 square feet of space.
      4640 Trueman Blvd, Hilliard, OH 43026
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      130,583 SF

      New Class A Office Development

      New Class A office building in Columbus's West Submarket.
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    • $750,000
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      Hilliard Land: 3+ Acres, $750K

      Prime Hilliard location, I-270 access.
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    • $1,152,500
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      Hilliard Office Land Investment

      Prime 4.61-acre office site in Hilliard, OH
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      30,876 SF

      Hilliard Industrial Flex Space

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      Hilliard Office Space: Prime Location

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    Similar Nearby for Lease

    • $34 SF/Yr
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      Brand new, modern office suites available.
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      Hilliard Office Space Available

      Office space available for rent in Hilliard, Ohio.
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      View Details
    • Contact for pricing
      800 SF

      Office and Trailer Parking Available

      Office space with ample trailer and car parking for rent.
      3700-3720 Lacon Rd, Hilliard, OH 43026
      View Details
    • $3,100,000
      11,030 SF

      Hilliard Office/Warehouse Multi-Tenant Property

      Multi-tenant office/warehouse with dock and drive-in access in Hilliard.
      4700 Northwest Pkwy, Hilliard, OH 43026
      View Details
    • $12 SF/Yr
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      Hilliard Office Space For Rent

      Office space available in Hilliard, Ohio with ample parking.
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    • Contact for pricing
      24,624 SF

      Lyman Drive Flex Space Available

      Franklin County flex & creative office space.
      4340-4344 Lyman Dr, Hilliard, OH 43026
      View Details
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    Hilliard, OH 43026-1319
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    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
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