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    Property profile & analytics

    2550 Hamilton Rd Columbus, OH 43232

    • Drive through restaurants
    • 1,798 SF
    • 0.68 lot acres
    For Sale
    View listing
    $1,550,000
    Value Estimation
    Last Sale
    Sep 14, 2021
    $1,480,000
    Location Intelligence
    Property ID
    US66-2250649
    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

    • Tim Hortons / Breakfast Restaurant / Cafe

    Property Details for 2550 Hamilton Rd

    Year built
    2016
    Construction
    WOOD
    Lot size
    0.68 lot acres
    Property size
    1,798 SF
    Property type
    Drive through restaurants
    APN
    010-017446
    APU
    10017446

    Description

    This exceptional investment opportunity presents a net-leased Tim Hortons restaurant located at 2550 S Hamilton Rd, Columbus, OH 43232. The property boasts 1,789 square feet on a 0.67-acre lot, situated on Route 317 in a high-traffic retail area, less than three-quarters of a mile from the I-70 on-ramp. The current lease has 8.5 years remaining, followed by three five-year renewal options, providing long-term stability. The property offers a strong 6.64% cap rate and a substantial net operating income (NOI) of $102,850, with a sale price of $1,550,000 ($866.41 per square foot). The tenant is a 10-unit franchisee, adding further security to this investment. This is a single-tenant, NNN lease, minimizing landlord responsibilities. The property's prime location and strong tenant history make it an attractive addition to any investment portfolio. This is a 100% occupied property offering a compelling return on investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,390,000
      6.5%
      $1,500,000
      7%
      $1,375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,490,000
      Geo Method
      $1,305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,470,000
      Retail
      $1,370,000
      Mixed-Use
      $1,605,000
      Hospitality
      $1,455,000
      Educational
      $1,710,000
      Residential Income
      $1,640,000
      Energy
      $1,415,000
      Income-Based Land
      $1,675,000
      Food Service
      $1,470,000

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8791
    Latitude
    39.9247
    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
    $11,273
    $41,160
    $113,160
    $154,320
    -
    $117,600
    $323,300
    $440,900

    Comparable in this City

    • Value Estimation
      $375,000
      1,092 SF

      4375 Refugee Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,092 SF
      4375 Refugee Rd, Columbus, OH 43232-4471
      View Details
    • Value Estimation
      $260,000
      2,515 SF

      6184 Livingston Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,515 SF
      6184 Livingston Ave, Columbus, OH 43232-2946
      View Details
    • Value Estimation
      $430,000
      3,312 SF

      2467 Hamilton Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,312 SF
      2467 Hamilton Rd, Columbus, OH 43232-4953
      View Details
    • Value Estimation
      $475,000
      4,179 SF

      2520 Hamilton Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,179 SF
      2520 Hamilton Rd, Columbus, OH 43232-4952
      View Details
    • Value Estimation
      $370,000
      2,594 SF

      4381 Refugee Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,594 SF
      4381 Refugee Rd, Columbus, OH 43232-4471
      View Details
    • Value Estimation
      $245,000
      2,936 SF

      4430 Refugee Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,936 SF
      4430 Refugee Rd, Columbus, OH 43232-4485
      View Details

    Similar Nearby for Sale

    • $1,550,000
      1,789 SF

      Columbus Tim Hortons NNN Lease

      High-yield Tim Hortons investment. 8.5 years remaining.
      2550 Hamilton Rd, Columbus, OH 43232
      View Details
    • $839,500
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      Former restaurant with over 7,000 sqft of usable space.
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    • $5,200,000
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      Freestanding Office/Warehouse or Retail Facility

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      4.57 Acres

      Columbus Industrial Land - 4.57 Acres

      Prime Industrial Land, Build-to-Suit Opportunity
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,741 SF

      Retail Space on Hamilton Road

      Retail spaces available along a high-traffic corridor in Columbus, OH.
      4245 Macsway Ave, Columbus, OH 43232
      View Details
    • $1,300 /Mo
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      Retail Space Available For Rent

      Retail space for rent featuring approximately 633 square feet.
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      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in High-Traffic Center

      Retail space for lease in a high-traffic Reynoldsburg center.
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    • $8 SF/Yr
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      Free Standing Retail Building

      9,376 SF retail building available immediately in retail corridor.
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      View Details
    • Contact for pricing
      3,615 SF

      Retail Space on Hamilton Road

      Retail spaces with high visibility and accessibility on Hamilton Road.
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      View Details
    • $2,600 /Mo

      Parking Lot For Lease

      Parking lot available for lease behind medical office building.
      4420 Refugee Rd, Columbus, OH 43232
      View Details
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    2550 Hamilton Rd
    Columbus, OH 43232
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    Realmo Value Estimation

    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.

    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.

    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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