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Property profile & analytics
OFF-MARKET Estimated value $2,385,000
Flex space

4340-4344 Lyman Dr Hilliard, OH 43026

28,851 SF 3.13 ac lot Built 1989
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US66-5978966
Property summary
AI-generated overview

This exceptional Franklin County property at 4340-4344 Lyman Drive offers a unique blend of office and industrial space, perfect for businesses seeking flexible and creative work environments. The building comprises four suites in total, with two currently available for lease. The minimum leasable space is a generous 5,400 square feet, while the maximum contiguous space available is 15,012 square feet, providing ample room for expansion or consolidation. The property is classified as both office and industrial, catering to a diverse range of businesses needing a combination of office space and areas suitable for light manufacturing, storage, or creative production. The "flex" and "creative office" subtypes highlight the adaptability and modern design features likely present within the building. This multi-tenant building offers a vibrant and collaborative atmosphere, ideal for companies seeking a dynamic workspace. The available spaces provide a significant opportunity for businesses to establish a strong presence in a desirable Franklin County location. Interested parties are encouraged to inquire about lease terms and availability for these versatile and well-situated spaces. The property's size and flexibility make it suitable for a variety of businesses, from startups to established companies seeking to expand their operations.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1989
Total area 28,851 SF
Lot 3.13 ac (136,473 SF)
APN 050-003295
UPID US66-5978966
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
by Request
Comparable Approach Comparable
$2.54M
Blend (final) Blend
$2.39M
Owner & transaction history
Lyman Investment LLC · 7 yrs held
Lyman Investment LLC
since 2019
5 recorded transactions
2022
Price N/A
2019
$1.8M
2008
$1.4M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $3.6M +55.4%
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