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    900 N Hamilton Rd Gahanna, OH 43230
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    Property profile & analytics

    900 N Hamilton Rd, Gahanna, OH 43230

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    • Drug stores
    • 10,855 SF
    • 1.34 lot acres
    For Sale
    $3,571,400
    View Listing →
    Gahanna Retail Space For Sale For Sale
    $3,571,400
    10,443 SF

    Gahanna Retail Space For Sale

    Retail space in Gahanna, Ohio, with a 7.00% CAP rate.

    900 N Hamilton Rd, Gahanna, OH 43230
    View Listing
    Property ID
    US66-0849060
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store / Printing Service
    • Cardtronics ATM / Atm
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Airport Golf Course / Golf Course
    • MoneyGram / Bank / Credit Union

    Property Details for 900 N Hamilton Rd

    Year built
    2005
    Lot size
    1.34 lot acres
    Property type
    Drug stores
    APN
    025-013219
    APU
    25013219

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 29, 2009 $3,240,000 900-906 Oh LLC Slane Rocky Point LLC Warranty Deed —
    Apr 19, 2005 — Slane Rocky Point LLC Rocky Point Plaza Corp Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,100,000
      6.5%
      $1,940,000
      7%
      $1,800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,873,000
      Market price range: $561k - $1.87M
      AI Estimate
      $1,618,000
      Market price range: $375k - $1.62M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,165,000
      Current use
      RESTAURANT
      $2,475,000
      Change: +112% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,720,000
      Change: +48% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,575,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $1,465,000
      Change: +26% Conversion: Difficult
      OFFICE BUILDING
      $1,465,000
      Change: +26% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,175,000
      Change: +1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Gahanna
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8641
    Latitude
    40.0405
    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
    $103,205
    $203,980
    $1,040,270
    $1,244,250
    -
    $582,800
    $2,972,200
    $3,555,000

    Comparable in this City

    • Value Estimation
      $6,310,000
      4,814 SF

      5195 Hamilton Rd

      DRUG STORE, PHARMACY
      5195 Hamilton Rd, Columbus, OH 43230-1313
      View Details
    • Value Estimation
      $4,120,000
      10,750 SF

      4280 Morse Rd

      DRUG STORE, PHARMACY
      4280 Morse Rd, Columbus, OH 43230-1523
      View Details
    • Value Estimation
      $1,095,000
      10,671 SF

      60 Stygler Rd

      DRUG STORE, PHARMACY
      60 Stygler Rd, Columbus, OH 43230-2435
      View Details
    • Value Estimation
      $550,000
      1,664 SF

      355 Granville St

      DRY CLEANER
      355 Granville St, Gahanna, OH 43230-2960
      View Details
    • Value Estimation
      $615,000
      13,770 SF

      850 Hamilton Rd

      FINANCIAL BUILDING
      850 Hamilton Rd, Gahanna, OH 43230-1757
      View Details
    • Value Estimation by Request
      5,000 SF

      1241 Hamilton Rd

      RETAIL STORES (PERSONAL SERVICES)
      1241 Hamilton Rd, Gahanna, OH 43230-6798
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,443 SF

      Gahanna Retail Space For Sale

      Retail space in Gahanna, Ohio, with a 7.00% CAP rate.
      900 N Hamilton Rd, Gahanna, OH 43230
      View Details
    • $2,750,000
      17,413 SF

      Gahanna Executive Office Building

      Class A Office, 17,413 SF, $2.75M
      461 Beecher Rd, Gahanna, OH 43230
      View Details
    • Contact for pricing

      Gahanna Industrial Building on Acreage

      3,600 SF industrial building on 4.17 acres near I-270.
      788 Taylor Station Rd, Gahanna, OH 43230
      View Details
    • Contact for pricing

      Gahanna Warehouse Unit For Lease

      2,900 SF warehouse unit with office space available March 2026.
      187-189 W Johnstown Rd, Gahanna, OH 43230
      View Details
    • Contact for pricing

      Land with Infrastructure and Utilities

      Land with utilities, easy highway access, and scenic views.
      Science Blvd, Gahanna, OH 43230
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,313 SF

      Retail Space Near Easton Center

      White-box retail space adjacent to Easton Town Center.
      4030-4038 Morse Rd, Columbus, OH 43230
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space Near Medical Center

      Retail space available in busy neighborhood shopping center.
      921 E Johnstown Rd, Gahanna, OH 43230
      View Details
    • $10 SF/Yr
      2,423 SF

      Retail Space with Easy Access

      Retail space with ample parking and highway accessibility.
      750 Cross Pointe Rd, Columbus, OH 43230
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Available For Rent

      Retail space available for rent in Columbus, Ohio.
      5588-5590 N Hamilton Rd, Columbus, OH 43230
      View Details
    • Contact for pricing
      3,117 SF

      Retail Space in Creekside Plaza

      Retail space available in a mixed-use development.
      81 Mill St, Gahanna, OH 43230
      View Details
    • Contact for pricing
      1,233 SF

      Retail or Office/Medical Space

      Single-story building with shell space, retail or office/medical potential.
      4951-4965 N Hamilton Rd, Columbus, OH 43230
      View Details
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    Gahanna, OH 43230
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    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.

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