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    5588 Hamilton Rd Columbus, OH 43230

    Sponsored
    For Lease
    $38 SF/Yr ($19,000 /Mo)

    Prime Gahanna retail space, 3,000 SF available.

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail space, totaling 6,000 square feet, is situated on a 1.06-acre lot in the thriving Gahanna and New Albany submarket of Franklin County. The property, built in 2023, consists of a single, one-story building divided into two suites. Currently, 3,000 square feet are available for lease. This space represents the northern half of an outparcel building to the established New Albany Plaza. The suite will be delivered as a cold, dark shell, allowing for tenant improvements (TI) to be tailored to the specific needs of the future occupant. The property boasts three convenient points of access, including a signalized entrance conveniently located north of the property. This ensures excellent visibility and accessibility for customers. The location benefits from strong co-tenancy with GoodVets in the same outparcel building, and the main New Albany Plaza features a diverse range of established businesses, including Sola Salons, Hotworx, Pittsburgh Paint, and New Albany Dental, creating a vibrant and attractive retail environment. The minimum divisible space is 3,000 square feet, with a maximum contiguous space also at 3,000 square feet. This presents a fantastic opportunity for businesses seeking a high-profile location in a rapidly growing area. The property's address is conveniently located near Preserve Blvd.

    Property Features for 5588 Hamilton Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF
    Class
    A
    Total Rate
    19000

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    NAP Out Parcel Northern Suite
    Size
    3,000 SF
    Rate per SF
    $38

    HighLights

    • Retail property totaling 6,000 square feet.
    • Features two suites, each 3,000 square feet.
    • Currently, 3,000 square feet is available for lease.
    • Situated on 1.06 acres in the Gahanna and New Albany submarket of Franklin County.
    • Class A construction completed in 2023, single‑story building.
    • Located near Preserve Blvd. with three points of access.
    Property Profile Location Intelligence

    Current Use by Public Records

    GoodVets New Albany Veterinarian

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8625741
    Latitude
    40.0703394

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    FAQs

    What type of property is this?
    Individual retail property - Prime Gahanna retail space, 3,000 SF available.
    Where is this individual retail property located?
    The property is located at 5588 Hamilton Rd Columbus, OH.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 6,000 square feet.; Features two suites, each 3,000 square feet.; Currently, 3,000 square feet is available for lease.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    5588 Hamilton Rd Columbus, OH 43230
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