Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7953 Highfield Dr Lewis Center, OH 43035

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 7953 Highfield Dr

    Property type
    Retail properties

    Description

    This exceptional retail property, located at 7953 Highfield Drive, offers 6,000 square feet of newly constructed space, perfect for a variety of uses. Built in 2000, the building is situated on a 3.85-acre lot and boasts 84 parking spaces, providing ample convenience for customers. Its strategic location offers unparalleled access to numerous nearby subdivisions in Lewis Center, ensuring high visibility and foot traffic. The space is delivered as a "vanilla box," allowing for complete customization to suit a tenant's specific needs and vision. This single-tenant building presents a unique opportunity for businesses seeking a prime location with excellent parking. The property is offered with a triple net lease, providing a straightforward and transparent financial structure. The current lease term is three years. The property's APN is 318-312-03-003-556, and the cross street is Highfield. This is Phase I of a larger development, presenting an opportunity to be a cornerstone tenant in a growing area. Ideal for concepts such as a sports bar or restaurant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Center
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0132
    Latitude
    40.1743

    Comparable in this City

    • Value Estimation by Request

      Lewis Ctr Rd & Evans Farm Dr

      Lifestyle centers
      0 Lewis Ctr Rd & Evans Farm Dr, Lewis Center, OH 43035
      View Details
    • Value Estimation by Request
      1.24 Acres

      Ikea Way

      DEPARTMENT STORE • 1.24 Acres
      Ikea Way, Lewis Center, OH 43035
      View Details
    • Value Estimation
      $5,460,000
      86,261 SF

      120 Mdw Park Ave

      DEPARTMENT STORE • 86,261 SF
      120 Mdw Park Ave, Lewis Center, OH 43035-9477
      View Details
    • Value Estimation
      $10,455,000
      202,966 SF

      8659 Columbus Pike

      GROCERY, SUPERMARKET • 202,966 SF
      8659 Columbus Pike, Lewis Center, OH 43035-9699
      View Details
    • Value Estimation by Request
      1.04 Acres

      118 Mdw Park Ave

      PARKING LOT • 1.04 Acres
      118 Mdw Park Ave, Lewis Center, OH 43035
      View Details
    • Value Estimation
      $5,985,000
      4,491 SF

      1156 Powell Rd

      CAR WASH - AUTOMATED • 4,491 SF
      1156 Powell Rd, Lewis Center, OH 43035-8620
      View Details

    Similar Nearby for Sale

    • $3,235,000
      5,167 SF

      New Retail Property For Sale

      New construction retail property with long-term lease and drive-thru.
      55 Meadow Park Ave, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      8,569 SF

      Mixed-Use Commercial Building Investment

      Income-producing mixed-use building in developing downtown Lewis Center.
      1550 Lewis Center Rd, Lewis Center, OH 43035
      View Details
    • $159,900

      Established Dry Cleaning Business Opportunity

      Turnkey dry cleaning business for sale in a busy location.
      0000 Business Opportunity St, Lewis Center, OH 43035
      View Details
    • $2,582,835

      Ninja Xpress Car Wash

      Full-service car wash with redevelopment potential on 1.681 acres.
      8062 Orange Center Dr, Lewis Center, OH 43035
      View Details
    • $159,900
      1,242 SF

      Established Dry Cleaning Business Opportunity

      Turnkey dry cleaning business for sale in a high-traffic location.
      Business Opportunity St, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      11.80 Acres

      Prime Lewis Center Commercial Land

      11.8 Acres, Outparcel Options Available
      23 And Orangepoint Dr, Lewis Center, OH 43035
      View Details

    Similar Nearby for Lease

    • $5,625 /Mo
      201,970 SF

      Retail Space in Prime Location

      Move-in ready retail space in high-traffic Lewis Center, OH.
      9015 Columbus Pike, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      16,837 SF

      Evans Farm Retail Space

      Prime Ohio retail space available
      0 Lewis Ctr Rd & Evans Farm Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Open Strip Shopping Center

      Open strip shopping center with frontage on US-23.
      118 Meadow Park Ave, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Retail Space in NorthPointe Plaza

      Open strip shopping center with frontage on US-23.
      106 Meadow Park Ave, Lewis Center, OH 43035
      View Details
    • $204 SF/Yr
      4,770 SF

      Lewis Center Commercial Space

      Flexible Office, Warehouse, & Flex Units
      7500 Green Meadows Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      30,000 SF

      Climate Controlled Warehouse Near I-71

      30,000 SF climate-controlled warehouse with ample parking and new roof.
      7603-7611 Green Meadows Dr, Lewis Center, OH 43035
      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.
    7953 Highfield Dr
    Lewis Center, OH 43035
    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

    Google sign-in failed. Please try again or use another login method.