2110 Hilliard Rome Rd Hilliard, OH 43026-3513
Property profile & analytics
2110 Hilliard Rome Rd Hilliard, OH 43026-3513
- Retail space
- 6,958 SF
- 0.97 lot acres
Property ID
US66-2505492
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.
Location Intelligence
Current Use by Public Records
- UPS Access Point location / Courier Service / Postal Service
- Advance Auto Parts / Auto Parts Store
Property Details for 2110 Hilliard Rome Rd
- Year built
- 2007
- Lot size
- 0.97 lot acres
- Property size
- 6,958 SF
- Property type
- Retail space
- APN
- 560-282854
- APU
- 560282854
Description
This exceptional investment opportunity presents a 6,751-square-foot Advance Auto Parts store located at 2110 Hilliard Rome Road, Hilliard, Ohio 43026, within the Columbus MSA. The property sits on a 0.97-acre lot and boasts 34 parking spaces. Built in 2007, this single-tenant net lease property offers a substantial 10.1 years remaining on the lease, expiring December 31, 2034, with three 5-year renewal options. The current annual net operating income (NOI) is $105,000, representing a 6.35% capitalization rate on the asking price of $1,650,000. Rent increases are structured with a $2.00 per square foot increase in the first option and a $1.00 per square foot increase in subsequent options. The property benefits from excellent visibility and accessibility along Hilliard Rome Road (56,666 vehicles per day), just one mile north of the I-70 on-ramp (104,510 vehicles per day). Situated in a prime retail and commercial corridor, the location enjoys strong demographics, including a population of 76,284 and an average household income of $119,306 within a 3-mile radius. Within a 3-mile radius, there's 4.4 million square feet of retail, 1.4 million square feet of office space, 28.9 million square feet of industrial space, and 11,439 multifamily units. The property's location provides a substantial built-in customer base with nearly 6,800 households within one mile. This is a rare opportunity to acquire a well-performing, net-leased asset with a strong tenant and significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,565,000
- ML approach
- $1,565,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,545,000
- 6.5%
- $1,425,000
- 7%
- $1,325,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,352,000
Market price range: $388k - $1.35M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,025,000
- OFFICE BUILDING
- $1,220,000
- AUTO REPAIR, GARAGE
- $1,145,000
- NEIGHBORHOOD: SHOPPING CENTER
- $1,140,000
- MEDICAL BUILDING
- $1,045,000
- APARTMENT HOUSE (5+ UNITS)
- $1,010,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hilliard
- County
- Franklin
- State
- Ohio
- Longitude
- -83.1517
- Latitude
- 39.9932
- 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
$43,418
$358,960
$240,140
$599,100
-
$1,025,600
$686,100
$1,711,700
