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    Hamilton Rd Columbus, OH 43215

    For Lease
    $75,000

    3.54 Acres, Prime Columbus Location

    Lot size:
    154,202 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial land offering presents a rare opportunity to acquire 3.54+/- acres ideally situated just off Hamilton Road, south of Warner Road in the Westerville (New Albany) submarket of Columbus, Ohio. The property, identified by APN 010-207682-00 in Franklin County, is zoned as a Planned Unit Development (PUD), allowing for a variety of commercial uses. The site's strategic location provides excellent visibility and accessibility, with convenient access to major freeways. This translates to a significant advantage for businesses seeking high traffic exposure and ease of transportation for employees and customers. The potential exists to develop up to three 1+/- acre commercial sites, each benefiting from a shared driveway off Hamilton Road. All necessary utilities are readily available on-site, simplifying the development process. Furthermore, the property's proximity to thriving areas enhances its appeal. It's located within 15 minutes of John Glenn Columbus International Airport, 20 minutes from Polaris, and just minutes from Downtown New Albany. The area is experiencing significant growth, with new apartment developments currently under construction nearby on Central College Road, indicating a strong and expanding local market. This presents a compelling investment opportunity for developers and businesses seeking a prime location in a rapidly developing area of Columbus. The property is offered for ground lease.

    Property Features for 0 Hamilton Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    154,202 SF
    Total Rate
    75000

    Unit(s) available at that property

    Space
    Size
    154,202 SF
    Rate per SF
    $120,000

    HighLights

    • Ground lease opportunity with potential for three (3) one‑acre (±) commercial lots.
    • Lot A: $75,000 annual ground lease.
    • Lot B: $90,000 annual ground lease.
    • Lot A: $120,000 annual ground lease (alternative lease rate).
    • Utilities readily available on‑site.
    • Excellent location surrounded by new multifamily developments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.851392
    Latitude
    40.089928

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    FAQs

    What type of property is this?
    Land - 3.54 Acres, Prime Columbus Location
    Where is this land located?
    The property is located at Hamilton Rd Columbus, OH.
    What is the lease rate?
    The lease rate is $120,000.
    What are key features of this property?
    This property features: Ground lease opportunity with potential for three (3) one-acre (±) commercial lots.; Lot A: $75,000 annual ground lease.; Lot B: $90,000 annual ground lease.
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    Columbus, OH 43215
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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
    Hamilton Rd Columbus, OH 43215
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