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    28 Hamilton Rd Columbus, OH 43213

    Sponsored
    For Sale
    $1,850,000

    Columbus flex warehouse, high cap rate, prime location.

    Property size:
    20,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Columbus, Ohio. This 20,520-square-foot industrial property, situated at 28 S Hamilton Rd, 43213, offers a compelling 7.40% cap rate and a strong NOI of $136,889. The property features two units, each priced at $925,000, totaling an asking price of $1,850,000 ($90.16/sq ft). Built in 1950, this single-story building boasts 12-foot ceilings, three loading docks, and sixteen dock-high doors, ideal for warehouse and flex space operations. The property is zoned for Community Crossroads District use. The building includes 53 parking spaces. All utilities, including water and snow removal, are paid by the tenant

    Property Features for 28 Hamilton Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    20,520 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Exceptional Columbus, OH investment opportunity: 20,520 SF industrial property at 28 S Hamilton Rd, 43213, offering a 7.40% cap rate and $136,889 NOI.
    • Asking price: $1,850,000 ($90.16/SF).
    • Two units, each priced at $925,000.
    • 1950 single‑story building with 12' ceilings, three loading docks, and sixteen dock‑high doors.
    • 53 parking spaces; Community Crossroads District zoning.
    • Tenant pays all utilities, including water and snow removal; 400 chairs and 30 tables included in sale; liquor license not included.
    Property Profile Location Intelligence

    Current Use by Public Records

    CULICHISHVIP Mexican Restaurant Bella Doma Function Room Facility Vineyard Whitehall Church Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8732319
    Latitude
    39.9745596

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    FAQs

    What type of property is this?
    Distribution property - Columbus flex warehouse, high cap rate, prime location.
    Where is this distribution property located?
    The property is located at 28 Hamilton Rd Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Exceptional Columbus, OH investment opportunity: 20,520 SF industrial property at 28 S Hamilton Rd, 43213, offering a 7.40% cap rate and $136,889 NOI.; Asking price: $1,850,000 ($90.16/SF).; Two units, each priced at $925,000.
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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
    28 Hamilton Rd Columbus, OH 43213
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