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

    1852 Hilliard Rome Rd Hilliard, OH 43026

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Retail Space Available, I-70 Corridor

    Lot size:
    115,221 SF

    Property Features for 1852 Hilliard Rome Rd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    115,221 SF

    Spaces For Lease

    at 1852 Hilliard Rome Rd, Hilliard, OH 43026 Contact us

    We can help!

    Listing Contact
    Tim Maly
    Tim Maly

    Listing Agency: Black Gate Partners Listing Agent: Tim Maly

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

    Learn more

    Overview

    This exceptional power center, located just north of I-70 on Hilliard-Rome Road, presents a rare opportunity for retailers seeking high visibility and strong co-tenancy. The property boasts a total of 115,221 square feet, currently featuring a mix of national tenants including Aldi, Michaels, Old Navy, and a shadow-anchored Target. This prime shopping center offers unparalleled access and visibility from Hilliard-Rome Road, ensuring maximum exposure to a substantial customer base. A single, contiguous space of 2,888 square feet is immediately available, ideal for a variety of retail uses. The center's strategic location within the main retail corridor, coupled with its impressive tenant lineup, guarantees a high-traffic environment and significant potential for business growth. The property's design and layout are optimized for convenient access and ample parking, enhancing the overall shopping experience. This is a unique chance to establish a presence in a thriving retail hub, surrounded by established and successful businesses. Don't miss this opportunity to secure a space in one of the area's most desirable power centers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Market At Hilliard Shopping Center & Mall EVgo Charging Station Electric Vehicle Charging Station Old Navy Clothing Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Hilliard
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1513744
    Latitude
    39.9898067

    Nearby Similar for Lease

    • $5,200 /Mo
      3,367 SF

      Versatile Commercial Space For Lease

      3,367 SF freestanding building on a prime corner location.
      4974 Cemetery Rd, Hilliard, OH 43026
      View Details
    • $12 SF/Yr
      4,967 SF

      Hilliard Office Space For Rent

      Office space available in Hilliard, Ohio with ample parking.
      5500-5514 Nike Dr, Hilliard, OH 43026
      View Details
    • Contact for pricing
      2,000 SF

      Retail Outparcel with Drive-Thru Lane

      2,000 SF outparcel with drive-thru on Roberts Rd.
      5419 Roberts Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing
      4,910 SF

      Adventure-Focused Mixed-Use Development

      Mixed-use development near trails, lakes, and a waterfall.
      Quarry Trl Dr, Hilliard, OH
      View Details
    • Contact for pricing
      800 SF

      Office and Trailer Parking Available

      Office space with ample trailer and car parking for rent.
      3700-3720 Lacon Rd, Hilliard, OH 43026
      View Details
    • $8 SF/Yr
      29,667 SF

      Retail Space with High Visibility

      Retail property with high traffic and easy highway access.
      5445-5837 Roberts Rd, Hilliard, OH 43026
      View Details
    • $36 SF/Yr
      26,912 SF

      New Retail Spaces For Lease

      New commercial spaces in mixed-use building, delivery Spring 2026.
      Avery Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing
      2,400 SF

      Turnkey Office Space Available

      2,400 SF office space in Hilliard retail corridor.
      4556-4610 Cemetery Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing
      19,961 SF

      Retail Space in Hilliard, OH

      Retail space available in Hilliard's main shopping corridor.
      1786-1934 Hilliard Rome Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing
      20,052 SF

      Available Retail Space Near I-270

      20,052 SF retail space with truck dock, available Fall 2024.
      3931-3939 Trueman Blvd, Hilliard, OH 43026
      View Details
    • $3,100,000
      11,030 SF

      Hilliard Office/Warehouse Multi-Tenant Property

      Multi-tenant office/warehouse with dock and drive-in access in Hilliard.
      4700 Northwest Pkwy, Hilliard, OH 43026
      View Details
    • Contact for pricing
      10,000 SF

      Hilliard Office Space Available

      Office space available for rent in Hilliard, Ohio.
      2876 Hilliard Rome Rd, Hilliard, OH 43026
      View Details

    FAQs

    What type of property is this?
    Power center - Prime Retail Space Available, I-70 Corridor
    Where is this power center located?
    The property is located at 1852 Hilliard Rome Rd Hilliard, OH.
    What are key features of this property?
    This property features: Retail power center totaling 115,221 square feet.; Multiple tenants with one 2,888 square foot space available.; 2,888 square feet of vacant space.
    (614) 358-2089 Call to check price and availability
    Request Owner's contact information
    1852 Hilliard Rome Rd Hilliard, OH 43026
    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.
    1852 Hilliard Rome Rd
    Hilliard, OH 43026
    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
    1852 Hilliard Rome Rd Hilliard, OH 43026
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Maly
    Tim Maly
    Real Estate License ID: 2012003020
    (614) 358-2089 (614) 358-2090
    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!