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Property profile & analytics
FOR LEASE
Commercial real estate

6445 S High St Lockbourne, OH 43137

2,284 SF 12.25 ac lot Built 1980
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US66-2630167
Property summary
AI-generated overview

This exceptional 6.1-acre industrial land parcel presents a compelling investment opportunity in Lockbourne, Ohio. Ideally situated for businesses requiring convenient access to major transportation arteries, the property boasts a strategic location just 4.8 miles from Rickenbacker International Airport. Its immediate proximity to US-23 and the southern edge of I-270 ensures seamless connectivity for logistics and distribution operations. The land is designated for industrial use and is suitable for a variety of applications, including truck storage, given its ample size and convenient location. A recent survey has clearly defined the parcel boundaries, ensuring a straightforward and uncomplicated transaction. The single-tenant zoning provides operational simplicity and potential for long-term lease agreements. This property offers significant potential for growth and profitability, making it an attractive investment in a thriving industrial area. The location near the Eldorado Scioto Downs Casino adds to the area's vibrancy and potential for ancillary business opportunities. This is a rare opportunity to acquire a well-positioned, sizable industrial land parcel in a high-demand location. The property is ready for immediate development, offering a streamlined path to realizing your business goals. Detailed survey information is available upon request. The address is 6445 S High St, Lockbourne, OH 43137, within Franklin County.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Total area 2,284 SF
Lot 12.25 ac (533,784 SF)
APN 150-000396
UPID US66-2630167
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
$665k
CAP Approach CAP
$355k
Comparable Approach Comparable
$441k
Blend (final) Blend
$585k
Owner & transaction history
Nova Lands LLC · 6 yrs held
Nova Lands LLC
since 2020
Last sale
$590,000
5 recorded transactions
2020
$590,000
2018
Price N/A
2013
Price N/A
1998
$375,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $375,000 +64.3%
Neighborhood: shopping center $375,000 +63.4%
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