Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4442 Leap Rd Hilliard, OH 43026
    Back to Search
    Property profile & analytics

    4442 Leap Rd, Hilliard, OH 43026

    View on Map
    • Commercial land
    • 1,008 SF
    • 0.38 lot acres
    For Sale
    $3,062,500
    View Listing →
    Land I-270 and Davidson Road For Sale
    $3,062,500

    Land I-270 and Davidson Road

    Land available at I-270 and Davidson Road in Hilliard, OH.

    4442 Leap Rd, Hilliard, OH 43026
    View Listing
    Property ID
    US66-2160097
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 4442 Leap Rd

    Year built
    1957
    Lot size
    0.38 lot acres
    Property type
    Commercial land
    APN
    050-008260
    APU
    50008260

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 4, 1999 — Ansmil LP Smith Trust Quit Claim Deed · related —

    Description

    This exceptional 12.5+/- acre land parcel, located at 4442 Leap Rd, Hilliard, OH 43026 (APN: 050-008259, 050-008260, 050-008255), presents a remarkable investment opportunity. Situated at the southwest corner of I-270 and Davidson Road, this PUD-zoned property offers convenient access to major thoroughfares, including Davidson Road, Leap Road, Britton Parkway, and Anson Drive. The asking price is $2,187,500, translating to $175,000 per acre. This prime location boasts proximity to numerous amenities and developments, including the new Hilliard branch of the Columbus Metro Library, The Greyson at Hickory Chase mixed-use development, Mount Carmel Rheumatology, Rock City Church, a community center, Britton Flex Center, and Advanced Drainage Systems. While 5 acres are currently under contract, the remaining 12.5+/- acres provide ample space for multiple users, making it ideal for a variety of development projects. This is an excellent opportunity to capitalize on the thriving Hilliard market and its strategic location. The property's accessibility and surrounding infrastructure make it an attractive option for businesses seeking a high-visibility location with easy access to a major interstate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hilliard
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1384
    Latitude
    40.0423
    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
    $859
    $10,500
    $0.00
    $10,500
    -
    $30,000
    $0.00
    $30,000

    Comparable in this City

    • Value Estimation by Request
      4.34 Acres

      Quarry Trl Dr

      VACANT COMMERCIAL LAND
      Quarry Trl Dr, Hilliard, OH 43026
      View Details
    • Value Estimation by Request
      0.93 Acres

      Davidson Rd

      VACANT COMMERCIAL LAND
      Davidson Rd, Hilliard, OH 43026
      View Details
    • Value Estimation by Request
      43.16 Acres

      Dublin Rd

      VACANT COMMERCIAL LAND
      Dublin Rd, Hilliard, OH 43026
      View Details
    • Value Estimation by Request
      1.93 Acres

      Hilliard Cemeter Rd

      VACANT COMMERCIAL LAND
      Hilliard Cemeter Rd, Hilliard, OH 43026
      View Details
    • Value Estimation by Request
      0.34 Acres

      4444-4448 Leap Rd

      VACANT COMMERCIAL LAND
      4444-4448 Leap Rd, Hilliard, OH 43026
      View Details
    • Value Estimation by Request
      20.28 Acres

      Avery Rd

      VACANT COMMERCIAL LAND
      Avery Rd, Hilliard, OH 43026
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land at I-270 and Davidson

      Land available at the southwest corner of I-270 and Davidson.
      4549 Davidson Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing

      Hilliard Land for Sale

      Land available in Hilliard near I-270 and Davidson Road.
      Davidson Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing

      Commercial Land on Hilliard Rome

      2.64 acre commercial development opportunity on Hilliard Rome Road.
      3150 Hilliard Rome Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing

      Hilliard Commercial Development Land

      4.45 acre commercial land for sale in Hilliard, OH.
      Scioto Darby Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing
      Pending

      Land I-270 and Davidson Road

      Land available at I-270 and Davidson Road in Hilliard, OH.
      4442 Leap Rd, Hilliard, OH 43026
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Outlot Opportunity

      Retail outlot with high visibility and convenient access.
      5054 Cemetery Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing
      20,400 SF

      Hilliard Retail and Medical Space

      Commercial site with retail and medical space in Hilliard, Ohio.
      Scioto Darby Rd & Alton Darby Crk Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease in a high-traffic area.
      4051 Britton Pkwy, Hilliard, OH 43026
      View Details
    • Contact for pricing

      Hilliard Rome Road Land Parcel

      Land available for rent on Hilliard Rome Road.
      1855 Hilliard Rome Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available from 20,000 to 75,900 SqFt.
      4500 Britton 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
    View Listing
    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.
    4442 Leap Rd
    Hilliard, OH 43026
    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

    Thank You for Inquiry
    4442 Leap Rd, Hilliard, OH, 43026
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!