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Property profile & analytics
OFF-MARKET Estimated value $445,000
Retail space

6060 Dublin Granville Rd New Albany, OH 43054-9326

4,058 SF 18.46 ac lot Built 1984
Entity Owned 27-yr Hold Free & Clear
Property ID
US66-2293613
Property summary
AI-generated overview

This exceptional 18.46-acre parcel presents a rare opportunity in the heart of New Albany, Ohio. Located at 6060 E Dublin Granville Rd (APN 222-000387), this property offers a tranquil setting with mature trees, heavy woods, and the Sugar Run stream bordering the west and north. Boasting approximately 640 feet of frontage and 1611 feet of depth, the site is conveniently situated near New Albany's Village Center and Market Square, a short half-mile walk to amenities including Rose Run Park, the Learning Campus, McCoy Center, and Heit Center. Currently zoned R-2, allowing for single-family residential lots of at least 20,000 square feet (100' x 200'), the property's potential extends to higher-density age-restricted development with rezoning to I-PUD, potentially yielding up to 55 lots (with 100% age restriction). All utilities are available. A paved leisure trail runs along the frontage, connecting to over 55 miles of trails. The property includes existing structures, a two-story single-family house and former retail buildings. The affluent demographic and proximity to high-quality schools and amenities make this site ideal for estate lots, custom homes, or a luxury age-restricted community. The site is bordered by established residential subdivisions (Hampstead Village and Pickett Place) and the New Albany Country Club. Asking price: $7,000,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Construction WOOD
Total area 4,058 SF
Lot 18.46 ac (804,161 SF)
Zoning code 6060
APN 222-000387
UPID US66-2293613
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
$830k
Comparable Approach Comparable
$789k
Blend (final) Blend
$445k
Owner & transaction history
M/i Schottenstein Homes INC · 27 yrs held
M/i Schottenstein Homes INC
since 1999
1 recorded transaction
1999
$264,700
Zoning & alternative use
6060 · New Albany, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Auto repair, garage $670,000 +31.9%
Neighborhood: shopping center $665,000 +31.3%
Medical building $610,000 +20.4%
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