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    Home Rd Powell, OH 43065

    For Lease
    Contact for pricing

    High-traffic location, two parcels available.

    Lot size:
    114,563 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional ground lease opportunity presents two outlot parcels ideally situated at the southwest corner of Sawmill Parkway and Home Road in Powell, Ohio. These parcels, totaling 30 acres within a new development, offer unparalleled visibility and accessibility. The property boasts a prime location near Olentangy Liberty High School and the forthcoming Ohio State University Outpatient Powell Facility, ensuring a strong and growing surrounding community. A new Kroger development is also slated for completion in 2025, further enhancing the area's commercial appeal. The front lot already has approved right-in, right-out access on Sawmill Parkway, a major thoroughfare with an average daily traffic count exceeding 16,488 vehicles. This high visibility ensures maximum exposure for any commercial venture. Utilities are readily available on-site. The parcels are surrounded by a diverse mix of commercial, residential, medical, office, and multifamily properties, creating a vibrant and dynamic environment. Lease rates are highly competitive, with Lot A offered at $80,000 per year and Lot B at $60,000 per year. The property's APN is 319-240-01-031-012, located in Delaware County, Ohio, and zoned for Planned Commercial District use. This is a rare opportunity to secure a prominent location in a rapidly developing area with excellent access and high visibility. Contact us today to learn more about this exceptional ground lease opportunity.

    Property Features for 0 Home Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    114,563 SF

    Unit(s) available at that property

    Space
    Size
    114,563 SF

    HighLights

    • Two outlot parcels totaling 30 acres available for ground lease.
    • Lot A: $80,000 annual ground lease rate.
    • Lot B: $60,000 annual ground lease rate.
    • On‑site utilities available.
    • Prime location at Sawmill Parkway & Home Road in Powell, OH, near Olentangy Liberty High School and a new OSU outpatient facility.
    • High‑traffic area with over 16,488 vehicles daily on Sawmill Parkway; Lot A has approved right‑in/right‑out access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Powell
    County
    Delaware
    State
    Ohio
    Longitude
    -83.096923
    Latitude
    40.195245

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    FAQs

    What type of property is this?
    Land - High-traffic location, two parcels available.
    Where is this land located?
    The property is located at Home Rd Powell, OH.
    What are key features of this property?
    This property features: Two outlot parcels totaling 30 acres available for ground lease.; Lot A: $80,000 annual ground lease rate.; Lot B: $60,000 annual ground lease rate.
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    Home Rd Powell, OH 43065
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    Powell, OH 43065
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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
    Home Rd Powell, OH 43065
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