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

    901 Hebron Rd Heath, OH 43056

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2 acres available for ground lease with high traffic visibility.

    Property Features for 901 Hebron Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Luke Streng
    Luke Streng
    Source: Crexi

    Listing Agency: CBRE - Columbus Listing Agent: Luke Streng

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Land for Lease Opportunity

    This commercial land offers a ground lease opportunity with negotiable rates. The site encompasses 2 acres with frontage on Central Parkway and visibility to Hebron Road. It benefits from a high traffic count of 39,000 cars per day. The property is located at a hard corner intersection with a traffic light, providing ingress and egress to both Hebron Road and Central Parkway.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Licking
    State
    Ohio
    Longitude
    -82.4459526
    Latitude
    40.028271

    Nearby Similar for Lease

    • $14 SF/Yr

      New Flex Suites Available

      Multiple 1,200 SF flex suites for lease.
      699 Hopewell Dr, Heath, OH 43056
      View Details
    • Contact for pricing
      4,580 SF

      Former Bank Building For Rent

      4,580 SF former bank building on 1.58 acres.
      1066 Hebron Rd, Heath, OH 43056
      View Details
    • $5 SF/Yr

      Industrial Warehouse Ready For Occupancy

      52,000 SF warehouse suitable for distribution, manufacturing, or logistics.
      2045-2055 James Pkwy, Heath, OH 43056
      View Details
    • $5 SF/Yr

      Warehouse with Rail Service Potential

      125,322 SF warehouse with convenient access to major transportation routes.
      2135 James Pkwy, Heath, OH 43056
      View Details
    • Contact for pricing
      8,531 SF

      Class A Office Space Available

      Class A office space with unique amenities in Heath, Ohio.
      781 W Irving Wick Dr, Heath, OH 43056
      View Details
    • Contact for pricing

      New Flex Space For Lease

      New flex suites with office space and drive-in doors.
      699 Hopewell Dr, Heath, OH 43056
      View Details
    • Contact for pricing

      Stand-Alone Industrial Building For Lease

      Light industrial space with drive-in door access, ready for occupancy.
      831 Irving Wick Dr W, Heath, OH 43056
      View Details
    • Contact for pricing
      30,000 SF

      Heath Industrial Building Available 2025

      30,000+/- sq ft industrial building available June 2025.
      1680 James Pkwy, Heath, OH 43056
      View Details
    • Contact for pricing
      2,730 SF

      Retail Space in Heath, Ohio

      Retail space available in established shopping center.
      911 Hebron Rd, Heath, OH 43056
      View Details
    • Contact for pricing
      2,730 SF

      Retail Space in Heath, Ohio

      Retail space available in a well-established shopping center.
      935-963 Hebron Rd, Heath, OH 43056
      View Details
    • Contact for pricing
      4,500 SF

      Adaptable Flex Space Available Now

      Light industrial space with office, restrooms, and open floorplan.
      811 Irving Wick Dr W, Heath, OH 43056
      View Details
    • Contact for pricing
      2,020 SF

      Grocery-Anchored Shopping Center Space

      Retail space available in a busy shopping center.
      533 Hebron Rd, Heath, OH 43056
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2 acres available for ground lease with high traffic visibility.
    Where is this commercial land located?
    The property is located at 901 Hebron Rd Heath, OH.
    What are key features of this property?
    This property features: - 2 Acres fronting Central Pkwy with visibility to Hebron Rd.; - Ground Lease Rates Negotiable; - Hard corner intersection with traffic light
    Request Owner's contact information
    901 Hebron Rd Heath, OH 43056
    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.
    901 Hebron Rd
    Heath, OH 43056
    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
    901 Hebron Rd Heath, OH 43056
    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

    We can help!
    Listing Contact
    Luke Streng
    Luke Streng
    Real Estate License ID: 2007004532
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!