Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hamilton Rd Columbus, OH 43215
    Property profile & analytics

    Hamilton Rd, Columbus, OH 43215

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hamilton Rd

    Property type
    Land

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8514
    Latitude
    40.0899

    Comparable in this City

    • Value Estimation by Request
      8,041 SF

      726 High St

      Land
      726 High St, Columbus, OH 43215
      View Details
    • Value Estimation by Request
      32,669 SF

      175-199 Rich St

      Land
      175-199 Rich St, Columbus, OH 43215
      View Details
    • Value Estimation by Request

      449 Broad St

      Land
      449 Broad St, Columbus, OH 43215
      View Details
    • Value Estimation by Request

      186 Gift St

      Land
      186 Gift St, Columbus, OH 43215
      View Details
    • Value Estimation by Request

      250 High St

      Office Spaces
      250 High St, Columbus, OH 43215
      View Details
    • Value Estimation by Request
      0.33 Acres

      50 Broad St, Unit 46A

      COMMERCIAL (GENERAL)
      50 Broad St, Columbus, OH 43215-3301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3 SF

      Prime Land Near SR-315

      3.70 acres with high visibility near Grandview Heights and Downtown.
      786 Twin Rivers Dr, Columbus, OH 43215
      View Details
    • Contact for pricing

      Development Site Former Warehouse Location

      Development site on former Spaghetti Warehouse location.
      397 W Broad St, Columbus, OH 43215
      View Details
    • New
      $224,900
      0.05 Acres

      Mixed-Use Development Land Lot

      Small-town lot in an opportunity zone with approved plans for a single-family home option.
      498 W Town St, Columbus, OH 43215
      View Details
    • Contact for pricing

      Downtown Columbus Riverfront Development Site

      Rare 1-acre development site in Downtown Columbus riverfront.
      304 W Mound St, Columbus, OH 43215
      View Details
    • Contact for pricing

      Columbus Parking Lot For Sale

      Parking lot available for sale in Columbus, Ohio.
      115 N Grant Ave, Columbus, OH 43215
      View Details
    • Contact for pricing
      Pending

      Scioto Riverfront Development Site

      Rare development opportunity along the Scioto Riverfront in Downtown Columbus.
      304 Mound St, Columbus, OH 43215
      View Details

    Similar Nearby for Lease

    • $90,000

      Prime Commercial Outparcel For Lease

      0.9-acre outparcel in high-visibility location near SR 315 and I-670.
      555 W Goodale St, Columbus, OH 43215
      View Details
    • Contact for pricing
      3,200 SF

      Grandview Avenue Commercial Land Available

      Cleared urban infill location suitable for drive-thru restaurant or retail.
      700 Grandview Ave, Columbus, OH 43215
      View Details
    • Contact for pricing

      Land Ready for Construction

      Cleared urban infill location suitable for drive-thru, retail, restaurant.
      700 Grandview Ave, Columbus, OH 43215
      View Details
    • Contact for pricing

      Prime Corner Outparcel for Lease

      0.9-acre outparcel with excellent visibility and accessibility.
      537 W Goodale St, Columbus, OH 43215
      View Details
    • Contact for pricing

      Commercial Sites For Ground Lease

      Commercial sites available for ground lease in Westerville, Columbus.
      N Hamilton Rd, Columbus, OH 43215
      View Details
    • Contact for pricing
      4,760 SF

      Columbus Retail Space - McDowell St

      Prime Columbus restaurant space, 4,760 sq ft.
      68 Mcdowell St, Columbus, OH 43215
      View Details
    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.
    Hamilton Rd
    Columbus, OH 43215
    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
    Hamilton Rd, Columbus, OH, 43215
    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!