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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Flex space
500 Hamilton Rd Columbus, OH 43219-1824
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US66-5709564
Property summary
AI-generated overview
This Columbus, Ohio industrial property at 500 N Hamilton Road offers a fantastic owner-user opportunity. The 15,000 square foot building boasts 9,000 square feet of conditioned production space, ideal for various business operations. The warehouse features a 12-foot clear height throughout, providing ample storage capacity. Access is convenient with large drive-in doors measuring 20' x 10' and 10' x 10'. Power is provided by a robust 600-amp electrical service. The property also includes a mezzanine level for additional storage and a small fenced yard area. The roof was replaced in 2018, ensuring long-term structural integrity. Currently zoned for manufacturing, this building is strategically located adjacent to the Airport and Defense Supply Center in Franklin County, offering excellent accessibility and logistical advantages. The asking price for this exceptional property is $1,950,000. This is a rare opportunity to acquire a well-maintained, functional industrial space in a prime Columbus location.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1963
Total area
15,000 SF
Lot
1.13 ac (49,049 SF)
APN
010-063198
UPID
US66-5709564
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
-
Etna Hamilton Plaza Apartments Apartment Complex
-
Head Start Program High School Daycare Center
-
ARC Northeast Center Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$835k
Blend (final)
Blend
$900k
Owner & transaction history
Macmarsh LLC · 17 yrs held
Macmarsh LLC
since 2008
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,235,000
Current use
Blend value · Realmo final
$900k
Range $810k – $990k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$60 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,832
Tax year 2023
Assessed value
$189,360
Assessed 2023
Previous assessed
$174,270
+8.7% YoY
Effective rate
7.30%
On assessed value
Assessed land
$28,040
Assessed improvement
$161,320
Land market value
$80,100
Improvement market value
$460,900
Total market value
$541,000
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1963
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
15,000 SF
Lot
1.13 ac (49,049 SF)
APN
010-063198
UPID
US66-5709564
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Macmarsh LLC
Entity
Mailing address
500 N HAMILTON RD, COLUMBUS, OH 43219-1824
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2008
$500,000
Macmarsh LLC
Richardson,guiles G SR & Joann
Warranty Deed
$425,000 · Commerce National Bank
—
—
Etna Hamilton-ruben LP
—
Deed Of Trust
related
$1,150,000 · Wl Case Holding Co
—
—
Guiles G Richardson
—
Deed Of Trust
related
$300,000 · Commerce Bank
—
—
Guiles C Richardson
—
Deed Of Trust
related
$237,800 · Commerce Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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