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Property profile & analytics
OFF-MARKET Estimated value $8,280,000
Office buildings

4500 Hamilton Rd Groveport, OH 43125-9563

45,892 SF 10.17 ac lot Built 1979
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US66-1087327
Property summary
AI-generated overview

This exceptional 58,330 square foot industrial warehouse, situated on a substantial 10.27-acre lot in Groveport, Ohio, presents a compelling opportunity for lease. Located in a high-growth area of southeastern Columbus, this property boasts excellent highway access and significant roadway exposure, providing optimal visibility and convenient transportation links. The building, constructed in 1979, offers a single-tenant occupancy and features a substantial 293-space parking lot. The property's zoning is designated as Commercial Office, and the building itself is a two-story structure with a suburban office design. Possession is anticipated for the second quarter of 2023. This property is ideally suited for redevelopment, capitalizing on its prime location and substantial size. The site benefits from heavy power capacity, making it suitable for a variety of industrial and warehouse uses. Its proximity to Rickenbacker International Airport further enhances its logistical advantages. This is a rare opportunity to acquire a large-scale industrial property in a thriving area with significant redevelopment potential. The property is available for lease and offers a unique chance to establish a strong presence in a dynamic industrial corridor. Inquire today to learn more about this exceptional offering.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 45,892 SF
Lot 10.17 ac (443,049 SF)
APN 185-001330
UPID US66-1087327
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
Current use
Occupant on record · Public records
  • MPS Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.27M
Comparable Approach Comparable
$7.40M
Blend (final) Blend
$8.28M
Owner & transaction history
Broadstone Op Ohio LLC · 11 yrs held
Broadstone Op Ohio LLC
since 2014
2 recorded transactions
2014
$5.9M
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $13.3M +111.5%
Auto repair, garage $7.6M +20.0%
Neighborhood: shopping center $7.5M +19.4%
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