28 Hamilton Rd Columbus, OH 43213
- Retail space
- 20,520 SF
- 1.91 lot acres
Current Use by Public Records
- Retail space
Property Details for 28 Hamilton Rd
- Year built
- 1950
- Lot size
- 1.91 lot acres
- Property size
- 20,520 SF
- Property type
- Retail space
- APN
- 090-001054
- APU
- 90001054
Description
Exceptional investment opportunity in Columbus, Ohio. This 20,520-square-foot industrial property, situated at 28 S Hamilton Rd, 43213, offers a compelling 7.40% cap rate and a strong NOI of $136,889. The property features two units, each priced at $925,000, totaling an asking price of $1,850,000 ($90.16/sq ft). Built in 1950, this single-story building boasts 12-foot ceilings, three loading docks, and sixteen dock-high doors, ideal for warehouse and flex space operations. The property is zoned for Community Crossroads District use. The building includes 53 parking spaces. All utilities, including water and snow removal, are paid by the tenant
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,425,000
- 6.5%
- $1,410,000
- 7%
- $1,500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,260,000
- Geo Method
- $1,360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,270,000
- Retail
- $1,515,000
- Mixed-Use
- $1,535,000
- Hospitality
- $1,385,000
- Educational
- $1,255,000
- Residential Income
- $1,245,000
- Energy
- $1,275,000
- Income-Based Land
- $1,290,000
- Food Service
- $1,540,000
Location Insight
- Map
- Local Demand
- City
- Whitehall
- County
- Franklin
- State
- Ohio
- Longitude
- -82.8734
- Latitude
- 39.9744
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA