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

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime shopping center space for rent near I-70.

    Type:Retail
    Added:
    Aug 29, 2018
    Days on Market:
    2790
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1852 Hilliard Rome Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 1852 Hilliard Rome Rd Contact us

    We can help!

    Listing Contact
    Tim Maly

    Listing agent Tim Maly License #2012003020

    Listing office Black Gate Partners

    Listing date Aug 29, 2018

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Black Gate Partners

    Overview

    Hilliard-Rome Road Retail Opportunity

    Located just north of I-70 in the main retail corridor of Hilliard-Rome Road, this commercial real estate offers an opportunity to join strong national tenants. The property is part of a shopping center that includes Aldi, Michaels, Old Navy and Target as a shadow anchor. The center is positioned as a prime shopping destination in the area, featuring a mix of national tenants. The property benefits from easy access to Hilliard-Rome Road.
    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
    -83.151953
    Latitude
    39.991986

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space For Lease

      3,367 SF freestanding building on a prime corner location.
      4974 Cemetery Road, Hilliard, OH 43026
      View Details
    • $19/mo

      Retail Space Near High-Traffic Starbucks

      Retail space with high visibility and ample parking.
      3582-3600 Fishinger Blvd, Hilliard, OH
      View Details
    • $13/mo

      Hilliard Rome Road Office Building

      Class B office building with move-in ready medical suites.
      5508-5584 Hilliard Rome Road, Hilliard, OH, 43026
      View Details
    • Contact for pricing

      Available Retail Space Near I-270

      20,052 SF retail space with truck dock, available Fall 2024.
      3931-3939 Trueman Blvd , Hilliard , OH
      View Details
    • Contact for pricing

      New Industrial Space Available

      Industrial space for lease, 1,595 - 12,000 SF available.
      4402 Weaver Ct N, Hilliard, OH 43026
      View Details
    • $13/mo

      Move-In Ready Office and Medical

      Office and medical suites available for rent.
      5508 Hilliard Rome Office Park, Hilliard, OH, 43026
      View Details
    • Contact for pricing

      Turnkey Auto Shop for Sale

      Operating auto shop with equipment, low rent, immediate revenue.
      4529 Scioto Darby Rd, Hilliard, OH
      View Details
    • $6/mo

      Hilliard Warehouse with Office Space

      Functional warehouse space with office and showroom in Hilliard.
      3636 Lacon Rd, Hilliard , OH
      View Details
    • Contact for pricing

      Hilliard Flex Space Available

      Flex space available for rent in Hilliard, Ohio.
      4445 Weaver Ct, Hilliard, OH 43026
      View Details
    • $12/mo

      Hilliard Office Space For Rent

      Office space available in Hilliard, Ohio with ample parking.
      5500-5514 Nike Dr, Hilliard , OH
      View Details
    • $8/mo

      Retail Space with High Visibility

      Retail property with high traffic and easy highway access.
      5445-5837 Roberts Rd , Hilliard , OH
      View Details
    • Contact for pricing

      Healthcare Property for Lease

      Healthcare property available for lease in Hilliard, Ohio.
      4555 Cemetery Road, Hilliard, OH, 43026
      View Details

    FAQs

    What type of property is this?
    Shopping center - Prime shopping center space for rent near I-70.
    Where is this shopping center located?
    The property is located at 1852 Hilliard Rome Rd Hilliard, OH.
    What are key features of this property?
    This property features: Prime location in the main Hilliard‑Rome Road retail corridor.; Shadow‑anchored by Target.; Strong national tenant mix including Aldi, Michaels, and Old Navy.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tim Maly
    Real Estate License ID: 2012003020
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!