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Property profile & analytics
OFF-MARKET Estimated value $1,170,000
Commercial land

3799 Park Ml Run Dr Hilliard, OH 43026-8110

7,630 SF 1.87 ac lot Built 1994
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US66-1395362
Property summary
AI-generated overview

This exceptional 1.944-acre commercial land parcel presents a prime development opportunity in Hilliard, Ohio. Located at 3799 Park Mill Run Dr, 43026, this property boasts unparalleled visibility due to its strategic position near the intersection of Cemetery Road and Route 270, experiencing traffic exceeding 145,000 vehicles daily. The site is zoned PUD (Planned Unit Development), offering flexibility for a variety of commercial projects. A significant advantage is the secured 10-year tax abatement for any new construction, minimizing initial investment costs. This location is surrounded by a thriving retail environment, anchored by established national brands including Target, Home Depot, KFC, Panera Bread, Burger King, Chipotle, and Starbucks, ensuring high foot traffic and strong consumer demographics. The property's high daytime population and prominent position within a strong retail corridor make it an ideal investment for developers seeking a highly visible and accessible location for their next commercial venture. This is a rare opportunity to capitalize on a location with exceptional visibility and established retail success in a rapidly growing area. The Franklin County location offers easy access to major transportation arteries, further enhancing its appeal.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1994
Total area 7,630 SF
Lot 1.87 ac (81,327 SF)
APN 050-007238
UPID US66-1395362
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.19M
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.17M
Owner & transaction history
3799 Mill Run Partners LLC · 11 yrs held
3799 Mill Run Partners LLC
since 2015
3 recorded transactions
2025
Price N/A
2024
Price N/A
2015
$885,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.3M +74.9%
Auto repair, garage $1.3M +64.3%
Neighborhood: shopping center $1.3M +63.4%
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