Add Listing
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

    4255 Hamilton Rd Groveport, OH 43125-9332

    • Automotive properties
    • 36,233 SF
    • 33.61 lot acres
    OFF-MARKET
    Value Estimations
    $5,900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1340006
    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

    • Ricart Ford Parts / Auto Parts Store
    • Ricart Used Car Factory / Car Dealership
    • Quick Lane at Ricart Ford / Auto Repair Shop / Vehicle Inspection Center
    • Ricart Nissan Service / Auto Repair Shop
    • Ricart Hyundai Parts / Auto Parts Store

    Property Details for 4255 Hamilton Rd

    Year built
    1965
    Lot size
    33.61 lot acres
    Property size
    36,233 SF
    Property type
    Automotive properties
    APN
    530-114084
    APU
    530114084

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,345,000
      Market price range: $2.00M - $6.35M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $5,975,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $5,945,000
      Change: -1% Conversion: Difficult
      MEDICAL BUILDING
      $5,450,000
      Change: -9% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,250,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $4,980,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Groveport
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8868
    Latitude
    39.8892
    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
    $185,193
    $330,160
    $2,864,650
    $3,194,810
    -
    $943,300
    $8,184,700
    $9,128,000

    Comparable in this City

    • Value Estimation
      $1,430,000
      3,840 SF

      3911 Hamilton Rd

      VEHICLE SALES, RENTALS • 3,840 SF
      3911 Hamilton Rd, Groveport, OH 43125-9198
      View Details
    • Value Estimation
      $1,040,000
      13,085 SF

      4340 Amalgamated Pl

      VEHICLE SALES, RENTALS • 13,085 SF
      4340 Amalgamated Pl, Groveport, OH 43125-9700
      View Details
    • Value Estimation
      $705,000
      5,392 SF

      4355 Williams Rd

      VEHICLE SALES, RENTALS • 5,392 SF
      4355 Williams Rd, Groveport, OH 43125-9484
      View Details
    • Value Estimation
      $2,025,000
      15,658 SF

      4241 Hamilton Rd

      VEHICLE SALES, RENTALS • 15,658 SF
      4241 Hamilton Rd, Groveport, OH 43125
      View Details
    • Value Estimation
      $5,345,000
      33,976 SF

      4141 Hamilton Sq Blvd

      VEHICLE SALES, RENTALS • 33,976 SF
      4141 Hamilton Sq Blvd, Groveport, OH 43125-9084
      View Details
    • Value Estimation by Request
      5,000 SF

      537 Main St

      AUTO REPAIR, GARAGE • 5,000 SF
      537 Main St, Groveport, OH 43125-1416
      View Details

    Similar Nearby for Sale

    • $2,500,000
      3,689 SF

      Groveport Retail Storefront - $2.5M

      High-growth area, vacant storefront, 3,689 sq ft.
      2166 London Groveport Rd, Groveport, OH 43125
      View Details
    • $199,000

      Land Near Rickenbacker Airport

      Prime 1.5-acre land parcel intended for retail use.
      2690 London Groveport Rd, Groveport, OH 43125
      View Details
    • $225,000

      Groveport Land: Prime Development Site

      1.5 Acres, Rickenbacker Area, $225,000
      2690 London Groveport Rd, Groveport, OH 43125
      View Details
    • Contact for pricing

      Groveport Development Land For Sale

      1.5-acre development land ideal for office or medical use.
      5370 Hendron Rd, Groveport, OH 43125
      View Details
    • Contact for pricing

      Land Available in Groveport, OH

      Land with utilities, annexation and tax abatement possibilities.
      6513 Pontius Rd, Groveport, OH 43125
      View Details
    • Contact for pricing

      Suburban Office Development Land

      Approximately 1.5 acres of land zoned for suburban office use.
      1521 Hendron Rd, Groveport, OH 43125
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Space in Groveport, Ohio

      Retail space with excellent connectivity and high traffic location.
      3101 Toy Rd, Groveport, OH 43125
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with Anchor Tenant

      Retail space with high visibility and ample parking.
      3773-3841 S Hamilton Rd, Groveport, OH 43125
      View Details
    • Contact for pricing
      115,095 SF

      Groveport Retail Center Opportunity

      Prime Groveport retail space available.
      3841 Hamilton Rd, Groveport, OH 43125
      View Details
    • Contact for pricing
      4,896 SF

      Retail Space in Groveport Plaza

      Retail space available in well-located Groveport shopping center.
      6011-6029 Groveport Rd, Groveport, OH 43125
      View Details
    • Contact for pricing
      6,432 SF

      Former Restaurant in Groveport, OH

      6,432 SF former restaurant on 1.673 acres for lease.
      3920 Hamilton Square Blvd, Groveport, OH 43125
      View Details
    • Contact for pricing
      1 SF

      Groveport Commercial Land Opportunity

      Prime 0.96-acre lot, single-tenant potential.
      3908 Hamilton Rd, Groveport, OH 43125
      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.
    4255 Hamilton Rd
    Groveport, OH 43125-9332
    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.
    Sign Up Successful!
    You now have access to more from Realmo!