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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Banks
5342 Hamilton Rd, Columbus, OH 43230-1318
Entity Owned
21-yr Hold
Free & Clear
Property ID
US66-0884517
Property summary
AI-generated overview
This 4,149 square foot former Fifth Third Bank building presents a unique owner-user opportunity in a thriving Columbus, Ohio retail corridor. Located at 5342 N Hamilton Rd, in Franklin County (zip code 43230), this vacant property boasts three drive-thru lanes, excellent visibility, and easy access. The building benefits from its location within a strong retail area, experiencing high traffic counts throughout the day and evening. The surrounding New Albany and Gahanna neighborhoods feature dense residential areas with strong demographics, ensuring a substantial daytime population. Significant commercial development has occurred nearby in the last five years, including the Hamilton Quarter project (featuring a Target, OSU Medical Facility, and BJ's Wholesale Club), and a considerable increase in office space. This prime location offers exceptional potential for a variety of retail uses. The property is for sale by owner and is ready for immediate occupancy.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2005
Construction
WOOD
Total area
4,149 SF
Lot
1.04 ac (45,172 SF)
APN
010-272147
UPID
US66-0884517
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
-
Fifth Third Business Banking - Jason McBride Bank Loan Service
-
Fifth Third Bank & ATM Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.86M
Owner & transaction history
Fifth Third Bank · 21 yrs held
Fifth Third Bank
since 2004
Last sale
$2.0M
1 recorded transaction
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10% · vs last sale $2.00M (Dec 28 2024)
Last sale anchor
$2.00M
Dec 28 2024
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
$448 / 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
$40,291
Tax year 2023
Assessed value
$551,570
Assessed 2023
Previous assessed
$527,420
+4.6% YoY
Effective rate
7.30%
On assessed value
Assessed land
$268,770
Assessed improvement
$282,800
Land market value
$767,900
Improvement market value
$808,000
Total market value
$1,575,900
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
4,149 SF
Lot
1.04 ac (45,172 SF)
APN
010-272147
UPID
US66-0884517
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
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Fifth Third Bank
Entity
Free & Clear · 21 yrs held
Mailing address
21 E STATE ST, COLUMBUS, OH 43215-4281
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2004
$675,000
Fifth Third Bank
National Real Estate Dev Ltd
Grant Deed
related
—
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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