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    OFF-MARKET Estimated value $665,000
    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
    $665k
    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
    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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