Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3830 Lacon Rd Hilliard, OH 43026-1208

    • Warehouses
    • 26,386 SF
    • 2.38 lot acres
    OFF-MARKET
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0105042
    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

    • APO Pumps & Compressors / Production Facility / Construction Company

    Property Details for 3830 Lacon Rd

    Year built
    1973
    Construction
    WOOD
    Lot size
    2.38 lot acres
    Property size
    26,386 SF
    Property type
    Warehouses
    APN
    050-002811
    APU
    50002811

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $752,000
      Market price range: $645k - $1.68M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hilliard
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1329
    Latitude
    40.0311
    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
    $36,892
    $73,400
    $377,690
    $451,090
    -
    $209,700
    $1,079,100
    $1,288,800

    Comparable in this City

    • Value Estimation by Request
      3,304 SF

      4057 Grant St

      MINI-WAREHOUSE, STORAGE • 3,304 SF
      4057 Grant St, Hilliard, OH 43026-1044
      View Details
    • Value Estimation
      $3,535,000
      126,000 SF

      4555 Lyman Dr

      WAREHOUSE, STORAGE • 126,000 SF
      4555 Lyman Dr, Hilliard, OH 43026-1247
      View Details
    • Value Estimation
      $2,330,000
      9,510 SF

      5150 Nike Dr

      WAREHOUSE, STORAGE • 9,510 SF
      5150 Nike Dr, Hilliard, OH 43026-7448
      View Details
    • Value Estimation
      $2,375,000
      19,671 SF

      3705 Pkwy Ln, Unit 3711

      WAREHOUSE, STORAGE • 19,671 SF
      3705 Pkwy Ln, Hilliard, OH 43026-1216
      View Details
    • Value Estimation
      $5,010,000
      46,888 SF

      4477 Reynolds Dr

      WAREHOUSE, STORAGE • 46,888 SF
      4477 Reynolds Dr, Hilliard, OH 43026-1261
      View Details
    • Value Estimation
      $1,315,000
      14,700 SF

      3979-3981 Pkwy Ave

      WAREHOUSE, STORAGE • 14,700 SF
      3979-3981 Pkwy Ave, Hilliard, OH 43026
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,876 SF

      Hilliard Industrial Flex Space

      30,876 SF Multi-Tenant Industrial Property
      4700 Northwest Pkwy, Hilliard, OH 43026
      View Details
    • Contact for pricing
      36,650 SF

      Industrial Storage Facility For Sale

      Class A industrial storage facility with modern office build-out.
      4344 Weaver Ct, Hilliard, OH 43026
      View Details
    • Contact for pricing
      19,260 SF

      Hilliard Warehouse Suites For Sale

      Fourteen suites with rental upside in Hilliard market.
      3999 Parkway Ln, Hilliard, OH 43026
      View Details
    • Contact for pricing
      29,733 SF

      Hilliard Industrial and Office Property

      Industrial property featuring warehouse, manufacturing, R&D, and office space.
      4601 Lyman Dr, Hilliard, OH 43026
      View Details
    • $3,100,000
      9,513 SF

      Prime Hilliard Medical Office Building

      Fully leased, 9,513 SF medical facility, expansion potential.
      5300 Nike Dr, Hilliard, OH 43026
      View Details
    • $750,000
      3.00 Acres

      Hilliard Land: 3+ Acres, $750K

      Prime Hilliard location, I-270 access.
      0 Anson Dr, Hilliard, OH 43026
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Hilliard Flex Space Available

      Flex space with office and warehouse in established commercial area.
      4691-4701 Northwest Pkwy, Hilliard, OH 43026
      View Details
    • Contact for pricing
      9,612 SF

      Hilliard Office/Warehouse Space Available

      Office and warehouse space for lease in Hilliard, Ohio.
      4340-4344 Lyman Dr, Hilliard, OH 43026
      View Details
    • Contact for pricing
      36,000 SF

      Hilliard Warehouse with Office Space

      Functional warehouse space with office and showroom in Hilliard.
      3636 Lacon Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing
      11,990 SF

      Hilliard Warehouse and Flex Space

      Warehouse and flex space available in Hilliard, Ohio.
      4445 Weaver Ct N, Hilliard, OH 43026
      View Details
    • $3,100,000
      11,030 SF

      Hilliard Office/Warehouse Multi-Tenant Property

      Multi-tenant office/warehouse with dock and drive-in access in Hilliard.
      4700 Northwest Pkwy, Hilliard, OH 43026
      View Details
    • Contact for pricing
      12,000 SF

      Hilliard Warehouse Space Available

      Warehouse units for lease, ranging from 4,800 to 12,000 SF.
      4756 Northwest Pkwy, Hilliard, OH 43026
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3830 Lacon Rd
    Hilliard, OH 43026-1208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.