New Albany, OH
Commercial Real Estate Market Trends & Data

$366 Avg asking sale price
$1,397 Avg asking lease rate
48,562 SF Avg unit lease size
45,529 SF Avg building size for sale
6.00% Average cap rate

New Albany's Demographic Profile

New Albany has 3,436 households and a median income of $203,991, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 10,643
# Households 3,436
Median age 41
Median household income $203,991
Avg household size 3.0
Renter-occupied housing units 480
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near New Albany, OH

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Blacklick $224 7,319 SF 6.20%
Westerville $176 40,563 SF 8.00%
Reynoldsburg $262 28,179 SF 6.20%
Nearby Retail Markets Avg Cost/SF Typical Size
New Albany $270 8,800 SF
Gahanna $270 10,200 SF
Johnstown $594 1,600 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Columbus $181 22,785 SF 7.48%
Delaware $77 9,086 SF 6.74%

Commercial Properties For Sale in New Albany

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1870, 1900, 1924 & 1950 Harrison Road NW

Johnstown, OH 43031

  • 33.67 AC Lot
  • 1 Industrial Lot
  • $5,200,000
For Sale

Pataskala Ohio Development Land Auction

Pataskala, OH 43062

  • 50 AC Lot
  • 1 Residential Income Lot
  • $2,100,000
For Sale

900 N Hamilton Rd

Gahanna, OH 43230

  • 10,443 SF Retail Building
  • 7.00% Cap Rate
  • $3,571,400
For Sale

4466 Morse Rd

Columbus, OH 43230

  • 2,946 SF Office Building
  • $849,000
For Sale

4261 Morse Rd

Columbus, OH 43230

  • 10,027 SF Office Building
  • $2,200,000
For Sale

Chestnut Hill Shopping Center

Columbus, OH 43230

  • 9,956 SF Retail Building
  • $2,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether New Albany pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
New Albany $366 45,529 SF
Blacklick $109 23,807 SF
Gahanna $172 23,113 SF
Westerville $210 33,663 SF
Johnstown $373 141,551 SF

Regional Demographic Comparison

This comparison places New Albany alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in New Albany or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Gahanna 34,170 13,596 41 $96,456 3 4,084 -1%
Westerville 38,737 15,089 43 $99,985 2 3,863 3%
Johnstown 6,109 2,465 41 $73,375 3 837 6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in New Albany, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in New Albany

View All Commercial Real Estate For Sale in New Albany
Is New Albany a good market for a first-time commercial real estate investor?

New Albany offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in New Albany?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in New Albany. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in New Albany?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for New Albany. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does New Albany compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to New Albany. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for New Albany acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in New Albany, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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