Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    112 Stygler Rd Gahanna, OH 43230

    Sponsored
    For Lease
    Contact for pricing

    Prime Gahanna retail space available now.

    Lot size:
    8,511 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional retail property, located at 112 South Stygler Road in Gahanna, Ohio, offers a fantastic opportunity for businesses seeking a vibrant location within Franklin County. The Wesbanco Center building boasts a total of 8,511 square feet, with a currently available space of 1,443 square feet, perfect for a variety of retail uses. The property sits on a 0.59-acre lot, providing ample space and visibility. The building is classified as multi-tenant, offering potential for synergy with neighboring businesses. The property's address is easily accessible, situated in the thriving Gahanna community, offering convenient access to major roadways and a strong customer base. The zip code is 43230. This is a prime opportunity to establish or expand your retail presence in a high-traffic area. The property type is retail, and the subtype is commercial. The available space presents a blank canvas for your business vision, allowing for customization to meet your specific needs. Don't miss this chance to secure a prominent location in a flourishing market. Contact us today to schedule a viewing and explore the possibilities. The property is currently listed for lease.

    Property Features for 112 Stygler Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,511 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,443 SF

    We can help!

    Listing Contact
    Michael Nolan
    Michael Nolan

    Learn more

    HighLights

    • High‑visibility location at a heavily trafficked, signalized intersection.
    • Situated on US Route 62, a major thoroughfare into Gahanna.
    • Offers convenient access to I‑670 and I‑270.
    • Benefits from strong sales of nearby restaurants.
    • Features ample employee parking in the rear.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gahanna
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8903104
    Latitude
    40.0177458

    Nearby Similar for Lease

    • $15 SF/Yr
      14,400 SF

      Gahanna Office Building For Lease

      Professional or medical office space available in Gahanna, Ohio.
      4605 Morse Rd, Gahanna, OH 43230
      View Details
    • $15 SF/Yr
      30,571 SF

      Taylor Crossing: Prime Columbus Space

      Versatile Industrial/Office Suites Available
      620 Taylor Station Rd, Gahanna, OH 43230
      View Details
    • Contact for pricing
      27,033 SF

      Gahanna Retail Center Opportunity

      Prime Retail Space Available in Gahanna, Ohio
      301-365 Hamilton Rd, Gahanna, OH 43230
      View Details
    • $13 SF/Yr
      3,117 SF

      Retail Space in Creekside Plaza

      Retail space available in a mixed-use development.
      81 Mill St, Gahanna, OH 43215
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in StoneRidge Plaza

      Retail space available in a well-located shopping center.
      1247-1365 N Hamilton Rd, Gahanna, OH 43230
      View Details
    • $216 SF/Yr
      3,110 SF

      Gahanna Office & Warehouse Space

      Flexible suites, 100-2400 sq ft
      1509 Blatt Blvd, Gahanna, OH 43230
      View Details
    • $6 SF/Yr
      52,500 SF

      Gahanna Warehouse Space Sublease

      Sublease opportunity in Gahanna with modern amenities and flexible terms.
      870-950 Claycraft Rd, Gahanna, OH 43230
      View Details
    • Contact for pricing
      11,930 SF

      Gahanna Medical Office Space For Lease

      Prime Medical Office Suites Available in Gahanna, OH
      725 Buckles Ct, Gahanna, OH 43230
      View Details
    • $10 SF/Yr
      63,000 SF

      Gahanna Executive Office Suites

      Prime Gahanna office space available.
      630 Morrison Rd, Gahanna, OH 43230
      View Details
    • $6 SF/Yr
      52,500 SF

      Gahanna Warehouse with Flexible Sublease

      Up to 52,500 SF available in Gahanna, built in 2019.
      950 Claycraft Rd, Gahanna, OH 43230
      View Details
    • $10 SF/Yr
      65,453 SF

      Gahanna Executive Office Space

      Premium Office Suites, Gahanna, OH
      670 Morrison Rd, Gahanna, OH 43230
      View Details
    • $11 SF/Yr
      48,500 SF

      Gahanna Executive Office Space

      Prime Gahanna office suites available.
      690 Taylor Rd, Gahanna, OH 43230
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Gahanna retail space available now.
    Where is this retail property located?
    The property is located at 112 Stygler Rd Gahanna, OH.
    What are key features of this property?
    This property features: High-visibility location at a heavily trafficked, signalized intersection.; Situated on US Route 62, a major thoroughfare into Gahanna.; Offers convenient access to I-670 and I-270.
    Request Owner's contact information
    112 Stygler Rd Gahanna, OH 43230
    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.
    112 Stygler Rd
    Gahanna, OH 43230
    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
    112 Stygler Rd Gahanna, OH 43230
    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
    Michael Nolan
    Michael Nolan
    Real Estate License ID: OH SAL.2004017782
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.