Technical
Financial
Distress signals
Property profile

4500 Hamilton Rd Groveport, OH 43125

OFF-MARKET
Office buildings
Property ID
US66-1087327
45,892 SF 10.17 ac lot Built 1979
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Corporate Office

Location

4500 Hamilton Rd Groveport, OH 43125-9563
Groveport metro Census 9495 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.27M
Comparable Approach Comparable
$7.40M
Blend (final) Blend
$1.15M

Owner & transaction history

since 2014
2 recorded transactions
2014
$5.9M
2013
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $13.3M +111.5%
Auto repair, garage $7.6M +20.0%
Neighborhood: shopping center $7.5M +19.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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