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    Groves Rd Columbus, OH 43232

    Sponsored
    For Lease
    $60,000

    Prime Columbus industrial land, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.31-acre parcel, located at 0 Groves Road, Columbus, Ohio 43232 (APN 010-000938-00), presents a unique opportunity for industrial or commercial development. The property is zoned M-1 and boasts dimensions of approximately 270 feet by 854 feet. Currently undergoing site preparation, including clearing and stone installation for parking, this land is ready for immediate development. The site offers significant potential for expansion, with extra ground potentially available for added development. This single-tenant property is available for lease at a rate of $5,000 per acre. The property's convenient location in Columbus, Ohio, provides easy access to major transportation routes and a thriving business community. This is an ideal location for businesses seeking a strategically positioned site for their operations. The property's current state of preparation significantly reduces the time and cost associated with initial site work, making it an attractive investment for developers seeking a quick turnaround. Serious inquiries are encouraged to explore this exceptional opportunity.

    Property Features for 0 Groves Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    Total Rate
    60000

    Unit(s) available at that property

    Space
    Size
    0 SF
    Rate per SF
    $60,000

    HighLights

    • 5.31‑acre parcel in Columbus, OH (APN 010‑000938‑00) ideal for industrial or commercial development.
    • M‑1 zoning, approximately 270' x 854' lot, currently undergoing site preparation (clearing and parking stone installation).
    • Ready for immediate development with potential for expansion.
    • Available for lease at $5,000 per acre.
    • Excellent location with easy access to major transportation routes and a thriving business community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8817013
    Latitude
    39.9303456

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    FAQs

    What type of property is this?
    Land - Prime Columbus industrial land, ready for development.
    Where is this land located?
    The property is located at Groves Rd Columbus, OH.
    What is the lease rate?
    The lease rate is $60,000.
    What are key features of this property?
    This property features: 5.31-acre parcel in Columbus, OH (APN 010-000938-00) ideal for industrial or commercial development.; M-1 zoning, approximately 270' x 854' lot, currently undergoing site preparation (clearing and parking stone installation).; Ready for immediate development with potential for expansion.
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    Columbus, OH 43232
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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
    Groves Rd Columbus, OH 43232
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