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    Property profile & analytics

    10726 Sawmill Pkwy Powell, OH 43065

    • Parking lots & garages
    • 6.07 lot acres
    For Lease
    View listing
    $28 SF/Yr
    Last Sale
    Jul 03, 2023
    $1,600,000
    Value Estimations
    $1,495,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4429181
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 10726 Sawmill Pkwy

    Lot size
    6.07 lot acres
    Property type
    Parking lots & garages
    APN
    319-344-05-010-004
    APU
    31934405010004

    Description

    The Shoppes at Wedgewood presents a unique opportunity for businesses seeking a prominent location within the thriving Powell, Ohio market. This single-story, 41,446 square foot retail center sits on a 6.073-acre lot and boasts 311 convenient on-site parking spaces. Currently featuring one large suite available, the property offers flexible leasing options ranging from 1,600 to 20,000 square feet, accommodating a variety of business needs. The center is strategically located along a busy shopping corridor, intersecting Bradford Court and N. Hampton Dr, within the Liberty Township Planned Commercial District (City of Powell Zoning). Its prime location benefits from high visibility and significant foot traffic, amplified by its proximity to a major anchor tenant, Target. The property's design includes a potential drive-thru option for an end-cap suite, further enhancing accessibility and customer convenience. This infill site, with APN 31934405010004, represents an exceptional opportunity for businesses to establish a strong presence in a dynamic and rapidly growing retail environment. The property is zoned for commercial use and is part of the Delaware submarket cluster. No elevators are present on the property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,410,000
      ML approach
      $1,380,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Powell
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0938
    Latitude
    40.1414
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,488
    $397,500
    $82,710
    $480,210
    -
    $1,135,700
    $236,300
    $1,372,000

    Comparable in this City

    • Value Estimation by Request
      0.51 Acres

      Dublin Rd

      PARKING LOT • 0.51 Acres
      Dublin Rd, Powell, OH 43065
      View Details
    • Value Estimation by Request
      1,428 SF

      8416 Sawmill Rd

      RESIDENTIAL PARKING GARAGE • 1,428 SF
      8416 Sawmill Rd, Powell, OH 43065-9504
      View Details
    • Value Estimation by Request
      1,428 SF

      8418 Sawmill Rd

      RESIDENTIAL PARKING GARAGE • 1,428 SF
      8418 Sawmill Rd, Powell, OH 43065-9504
      View Details
    • Value Estimation by Request
      0.17 Acres

      Hall St

      PARKING LOT • 0.17 Acres
      Hall St, Powell, OH 43065
      View Details
    • Value Estimation by Request
      0.17 Acres

      Hall St

      PARKING LOT • 0.17 Acres
      Hall St, Powell, OH 43065
      View Details
    • Value Estimation by Request
      1,428 SF

      8420 Sawmill Rd

      RESIDENTIAL PARKING GARAGE • 1,428 SF
      8420 Sawmill Rd, Powell, OH 43065-9504
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $28 SF/Yr
      41,446 SF

      Wedgewood Retail Center: Prime Location

      High-traffic retail space, ample parking.
      10726 Sawmill Pkwy, Powell, OH 43065
      View Details
    • Contact for pricing
      40,737 SF

      Powell Retail Center: Prime Location

      High-traffic retail space available in Powell, Ohio.
      50 Liberty St, Powell, OH 43065
      View Details
    • $4,500 /Mo
      2,160 SF

      Powell Retail Space For Lease

      2,160 SF retail space in downtown Powell's vibrant DORA district.
      50 W Olentangy St, Powell, OH 43065
      View Details
    • New
      $5,000 /Mo
      2,429 SF

      Retail Space Near BJ's Wholesale

      2429 SF retail space in high-traffic Powell, Ohio corridor.
      8595 Owenfield Dr, Powell, OH 43065
      View Details
    • $25 SF/Yr
      2,519 SF

      Move-in Ready Single-Tenant Building

      Single-tenant building with high-end finishes in Downtown Powell.
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      View Details
    • $19 SF/Yr
      17,832 SF

      Powell Office Space For Lease

      Prime Powell Office, Multi-Tenant Available
      10104 Brewster Ln, 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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