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    9684 Sawmill Pkwy Powell, OH 43065
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    9684 Sawmill Pkwy Powell, OH 43065

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    • Retail properties & Spaces
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 9684 Sawmill Pkwy

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Located in the thriving Powell, Ohio submarket of Columbus, this retail space at 9684 Sawmill Pkwy offers 1,800 square feet of versatile commercial space ideal for retail or restaurant use. The property is situated in a high-traffic area with excellent visibility, boasting a dedicated turn lane and a signalized intersection for easy access. A drive-thru option is also available, adding significant potential for various business models. The building is part of the Powell Plaza development, offering a strong location within a busy commercial corridor. This multiple-tenancy property presents a fantastic opportunity for businesses seeking a prominent presence in a rapidly growing community. The property is located in Delaware County, Ohio, with a zip code of 43065. Its convenient location and desirable features make it an attractive option for businesses looking to establish or expand their operations in the Columbus metropolitan area. The space is currently available for lease. Interested parties should inquire for further details and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Powell
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0925
    Latitude
    40.1578

    Comparable in this City

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      13,626 SF

      16 Xing St

      Retail properties & Spaces • 13,626 SF
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      1.08 Acres

      9098 Bunker Ln

      Land • 1.08 Acres
      9098 Bunker Ln, Powell, OH 43065
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      4,552 SF

      3835 Liberty Market Way

      RESTAURANT • 4,552 SF
      3835 Liberty Market Way, Powell, OH 43065
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    • Value Estimation
      $3,485,000
      2,003 SF

      8695 Owenfield Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,003 SF
      8695 Owenfield Dr, Powell, OH 43065-7065
      View Details

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      Retail Space on Dublin Road

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      3,314 sqft retail space on 0.68 acres in Powell, Ohio.
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    • $12,500,000
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      53,206 SF building on 5.076 acres, prime redevelopment opportunity.
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    Similar Nearby for Lease

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      Prime Outlot Parcels in Powell

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      Retail Space Near BJ's Wholesale

      2429 SF retail space in high-traffic Powell, Ohio corridor.
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      Retail Space in Powell, OH

      Retail spaces available in a new shopping center development.
      10726 Sawmill Pkwy, Powell, OH 43065
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      Retail/Office Space on Sawmill Parkway

      Highly visible retail or office space for lease.
      10225 Sawmill Pkwy, Powell, OH 43065
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    • $4,500 /Mo
      2,160 SF

      Retail Space in Powell, OH

      Retail space for lease with open layout and parking.
      50 W Olentangy St, Powell, OH 43065
      View Details
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    Powell, OH 43065
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    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
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