Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in High-Traffic Center Title is generated by Realmo AI

    3841 S Hamilton Rd, Groveport, OH 43125

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    1,600 SF retail space in shopping center anchored by Giant Eagle.

    Type:Retail, Restaurant
    Property size:
    1,600 SF
    Added:
    Oct 14, 2024
    Days on Market:
    598
    Last Refresh:
    May 12 at 9:30 pm

    Property Features for 3841 S Hamilton Rd

    General Information

    Standard status
    Active
    Size
    1,600 SF
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 3841 S Hamilton Rd Contact us

    We can help!

    Listing Contact
    Luke Streng

    Listing agent Luke Streng License #OH 2007004532

    Listing office CBRE - Columbus

    Listing date Oct 14, 2024

    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 CBRE - Columbus

    HighLights

    • High‑traffic location
    • Anchored by Giant Eagle
    • Located in shopping center
    • 1,600 SF available

    Overview

    This commercial real estate opportunity features 1,600 square feet of retail space available for rent within a high-traffic shopping center. The center is anchored by a Giant Eagle supermarket, offering significant customer draw and visibility for businesses located within the complex. The property is suitable for retail properties, restaurants, and other commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Giant Eagle Prepared ... Restaurant Giant Eagle Deli Food Market Giant Eagle Bakery Bakery Giant Eagle Supermarket Grocery & Convenience Store State Liquor Agency (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Giant Eagle, 3841 S Hamilton Rd, Groveport, OH 43125

    Location Insight

    • Map
    • Local Demand
    City
    Groveport
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8842185
    Latitude
    39.8965003

    Nearby Similar for Lease

    • $14 SF/Yr
      3,250 SF

      Office Suites Near Rickenbacker Airport

      Office suites for lease near Rickenbacker Airport and I-270.
      6425 Alum Creek Dr, Groveport, OH
      View Details
    • Contact for pricing
      3,000 SF

      Restaurant Space with Patio

      Restaurant space with patio in high-traffic shopping center.
      3841 South Hamilton Road, Groveport, OH, 43125
      View Details
    • $16 SF/Yr
      2,055 SF

      Office Space in Groveport, OH

      Office space available for lease in Groveport, Ohio.
      5323-5345 Hendron Rd , Groveport, OH
      View Details
    • Contact for pricing
      200,000 SF

      Industrial Building in Groveport, Ohio

      318,769 SF industrial space with tax abatement and secured court.
      5275 Centerpoint Parkway, Groveport, OH, 43125
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Groveport, Ohio

      Retail space with excellent connectivity and high traffic location.
      3101 Toy Rd, Groveport, OH
      View Details
    • Contact for pricing
      10,000 SF

      Flexible Office and Warehouse Spaces

      Office and warehouse spaces for lease with highway access.
      4407 Professional Parkway, Groveport, OH, 43125
      View Details
    • Contact for pricing
      201,680 SF

      Warehouse Space in Groveport Available

      358,760 SF warehouse with convenient access to major highways.
      5765 Green Pointe Drive North, Groveport, OH, 43125
      View Details
    • Contact for pricing
      4,896 SF

      Retail Space in Groveport Plaza

      Retail space available in well-located Groveport shopping center.
      6011-6029 Groveport Rd , Groveport, OH
      View Details
    • Contact for pricing

      Warehouse Space Near Rickenbacker Airport

      84,796 SF warehouse near Rickenbacker International Airport.
      5920 Green Pointe Drive South, Groveport, OH, 43125
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with Anchor Tenant

      Retail space with high visibility and ample parking.
      3773-3841 S Hamilton Rd, Groveport, OH
      View Details
    • Contact for pricing
      6,429 SF

      Former Restaurant in Groveport, OH

      6,432 SF former restaurant on 1.673 acres for lease.
      3920 Hamilton Square Blvd, Groveport, OH
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in Groveport, Ohio.
      6380 Adelaide Court, Groveport, OH, 43125
      View Details

    FAQs

    What type of property is this?
    Shopping center - 1,600 SF retail space in shopping center anchored by Giant Eagle.
    Where is this shopping center located?
    The property is located at 3841 S Hamilton Rd Groveport, OH.
    What are key features of this property?
    This property features: High‑traffic location; Anchored by Giant Eagle; Located in shopping center
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Luke Streng
    Real Estate License ID: OH 2007004532
    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

    Thank You for Inquiry
    3841 S Hamilton Rd, Groveport, OH 43125
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!