5065 Forest Dr New Albany, OH 43054
This exceptional 15,116 square foot retail property, built in 2024, is ideally situated at 5065 Forest Dr, New Albany, OH 43054, near the intersection of Johnstown Rd and Smiths Mill Rd. The single-story building offers multiple tenancy options, with four available spaces ranging from 2,101 to 7,212 square feet. The property is zoned COM and boasts a prime location in the rapidly expanding New Albany submarket, benefiting from the proximity to major developments. Within a 5-mile radius are significant projects including the Intel development, a Google data center (over 178,000 square feet), a Holiday Inn Express (over 60,000 square feet), and an Amazon data center (over 1.25 million square feet). This strategic location, coupled with the ongoing residential growth in the area, presents a compelling investment opportunity in a thriving commercial corridor. The property's Franklin County location (APN 222-000347) and convenient access to SR161 and the US62 interchange ensure high visibility and accessibility for businesses. This is a rare chance to secure retail space in one of Ohio's fastest-growing areas.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.