Technical
Financial
Distress signals
Property profile

3996 Columbia St Hilliard, OH 43026

OFF-MARKET
Warehouses
Property ID
US66-2017242
6,384 SF 0.41 ac lot Built 2012
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 3996 Columbia Street in the desirable Old Hilliard community, presents a unique investment opportunity. The 6,384 square foot building sits on a 0.44-acre lot and is currently leased to ACC Party Rental, providing immediate cash flow. Its strategic location offers significant advantages, including frontage on the future Rails to Trails property slated for development by the City of Hilliard. This planned improvement promises increased foot traffic and enhanced visibility, further boosting the property's value and appeal. The property's mixed-use zoning allows for a variety of potential uses, making it ideal for an owner-occupier seeking to establish their business in a thriving community or for an investor looking for a strong return on investment. The asking price is $1,300,000. This presents a rare chance to acquire a well-situated property in a rapidly developing area with significant long-term growth potential. The current tenant provides a stable income stream while the future development promises to significantly increase the property's value. Don't miss this chance to secure a piece of Hilliard's vibrant future. The property is being sold as-is.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2012
Construction WOOD
Total area 6,384 SF
Lot 0.41 ac (17,947 SF)
APN 050-000132
UPID US66-2017242

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Party Supply Store Rental Equipment Company
  • Party Supply Store Rental Equipment Company

Location

3996 Columbia St Hilliard, OH 43026-1457
Hilliard metro Census 7962 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$634k
Blend (final) Blend
$310k

Owner & transaction history

since 2012
2 recorded transactions
2012
$50,000
2005
$41,400

Zoning & alternative use

Top alternative use upside
Retail stores $800,000 +48.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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