4500 Hamilton Rd Groveport, OH 43125-9563
Property profile & analytics
4500 Hamilton Rd Groveport, OH 43125-9563
- Office buildings
- 45,892 SF
- 10.17 lot acres
Property ID
US66-1087327
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.
Location Intelligence
Current Use by Public Records
- MPS / Corporate Office
Property Details for 4500 Hamilton Rd
- Year built
- 1979
- Lot size
- 10.17 lot acres
- Property size
- 45,892 SF
- Property type
- Office buildings
- APN
- 185-001330
- APU
- 185001330
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,045,000
- 6.5%
- $9,270,000
- 7%
- $8,610,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,400,000
- AI Estimate
- $8,164,000
Market price range: $3.42M - $9.70MMarket price range: $1.85M - $12.5M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,305,000 Current use
- RESTAURANT
- $13,340,000 Change: +112% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $7,565,000 Change: +20% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $7,530,000 Change: +19% Conversion: Difficult
- MEDICAL BUILDING
- $6,905,000 Change: +9% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $6,655,000 Change: +5% Conversion: Easy
- RETAIL STORES
- $5,735,000 Change: -9% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Groveport
- County
- Franklin
- State
- Ohio
- Longitude
- -82.882
- Latitude
- 39.8789
- 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
$126,200
$130,550
$1,694,770
$1,825,320
-
$373,000
$4,842,200
$5,215,200
