Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6266 Gender Rd Canal Winchester, OH 43110-2042

    • Drug stores
    • 14,818 SF
    • 1.96 lot acres
    OFF-MARKET
    Last Sale
    Jan 31, 2025
    $3,885,000
    Value Estimations
    $3,540,000
    Show details
    Cap Rate Potential
    4.9%
    Drug stores
    Location Intelligence
    Property ID
    US66-6072966
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Walgreens Pharmacy / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Cardtronics ATM / Atm
    • FedEx OnSite / Postal Service / Courier Service

    Property Details for 6266 Gender Rd

    Year built
    2004
    Lot size
    1.96 lot acres
    Property size
    14,818 SF
    Property type
    Drug stores
    APN
    184-002727
    APU
    184002727

    Description

    This exceptional investment opportunity presents a 14,498-square-foot Walgreens pharmacy, situated on a 1.97-acre lot in Canal Winchester, Ohio, within the Columbus MSA. The property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $317,000. Built in 2004, the single-tenant, absolute NNN leased property features a credit-rated tenant with a remaining lease term of 12 years, extending to October 31, 2036, following a recent lease extension executed in October 2024. The lease includes ten 5-year renewal options with a flat rent structure. This prime retail location benefits from high visibility on Gender Road (38,709 vehicles per day), a hard corner location, and proximity to US Highway 33 (67,992 vehicles per day). The property is strategically positioned near other major retailers, including Walmart, Kroger, and Home Depot, ensuring consistent traffic and strong consumer demographics. A robust daytime population is further enhanced by nearby industrial tenants. The average household income within a one-mile radius exceeds $106,818, and over 106,130 people reside within a five-mile radius. The asking price is $4,372,413, translating to $301.59 per square foot. This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term lease and significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,015,000
      ML approach
      $3,540,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,290,000
      6.5%
      $3,035,000
      7%
      $2,820,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,880,000
      Market price range: $826k - $2.88M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,305,000
      AUTO REPAIR, GARAGE
      $2,445,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,430,000
      MEDICAL BUILDING
      $2,230,000
      APARTMENT HOUSE (5+ UNITS)
      $2,150,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canal Winchester
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8276
    Latitude
    39.8534
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $72,875
    $418,360
    $558,990
    $977,350
    -
    $1,195,300
    $1,597,100
    $2,792,400

    Comparable in this City

    • Value Estimation
      $2,425,000
      11,198 SF

      3506 Gender Rd

      DRUG STORE, PHARMACY • 11,198 SF
      3506 Gender Rd, Canal Winchester, OH 43110-8007
      View Details
    • Value Estimation by Request
      0.10 Acres

      151 Waterloo St

      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
      151 Waterloo St, Canal Winchester, OH 43110-1041
      View Details
    • Value Estimation by Request
      5,654 SF

      35 High St

      FINANCIAL BUILDING • 5,654 SF
      35 High St, Canal Winchester, OH 43110-2111
      View Details
    • Value Estimation by Request
      1,142 SF

      151 Waterloo St

      RETAIL STORES (PERSONAL SERVICES) • 1,142 SF
      151 Waterloo St, Canal Winchester, OH 43110-1041
      View Details
    • Value Estimation by Request
      6,674 SF

      360 Waterloo St

      GYM, HEALTH SPA • 6,674 SF
      360 Waterloo St, Canal Winchester, OH 43110-1054
      View Details
    • Value Estimation
      $600,000
      5,362 SF

      10 High St

      RETAIL STORES (PERSONAL SERVICES) • 5,362 SF
      10 High St, Canal Winchester, OH 43110-1213
      View Details

    Similar Nearby for Sale

    • $1,999,999
      1.63 Acres

      Winchester Rd Storefront Opportunity

      Canal Winchester Retail Redevelopment
      209-229 Winchester Cemetery Rd, Canal Winchester, OH 43110
      View Details
    • $550,000
      4,985 SF

      Canal Winchester Car Wash Business

      Profitable Car Wash, High Traffic Area
      450 Waterloo St, Canal Winchester, OH 43110
      View Details
    • $8,900,000
      35,379 SF

      Retail Property in Canal Winchester

      35,379 SF retail property available for sale.
      18-33 W Waterloo St, Canal Winchester, OH 43110
      View Details
    • $115,500

      Canal Winchester Building Lot

      Prime 38,000+ sq ft lot, Pickerington Schools
      0 Diley Rd, Canal Winchester, OH 43110
      View Details
    • $3,452,000
      25.87 Acres

      Prime Senior Housing Land, Canal Winchester

      25.87 Acres, PRD Zoning, Development Ready
      0 Hill Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      20 SF

      Industrial Land Development Opportunity

      20-acre industrial site with development potential in Canal Winchester.
      7995 Hill Rd, Canal Winchester, OH 43110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      94,000 SF

      Mixed-Use Development Near Highway 33

      Mixed-use development in high-growth area near Canal Winchester and Pickerington.
      8565 Diley Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      2,056 SF

      Retail Space Near US Route 33

      New retail development site anchored by Meijer in high-growth area.
      7740 Diley Rd, Canal Winchester, OH 43110
      View Details
    • $14 SF/Yr
      2,000 SF

      Retail Space in High-Traffic Area

      Retail space available in a high-traffic location.
      3506-3648 Gender Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      3,100 SF

      Mixed-Use Development in High-Growth Area

      Retail and restaurant spaces available in a growing Columbus suburb.
      Diley Rd NW, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      11,000 SF

      Winchester Rd Retail Center

      Canal Winchester Retail Space: 5,775 SF Available
      225 Winchester Cemetery Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      1,061,469 SF

      Diley Road Retail Development

      Prime Retail & Land Opportunity in Ohio
      8865 Diley Rd, Canal Winchester, OH 43110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6266 Gender Rd
    Canal Winchester, OH 43110-2042
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.