| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 77th | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5863 Scioto Darby Rd, Hilliard, OH, 43026, US |
| Region / Metro | Hilliard |
| Year of Construction | 2002 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5863 Scioto Darby Rd Hilliard Multifamily Investment
Positioned in an inner-suburb pocket of Columbus with steady renter demand and high household incomes, the asset benefits from a tenant base with low rent-to-income, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit near national medians, supporting durable leasing with room for operational execution.
Hilliard’s inner-suburban location offers daily convenience and family-friendly appeal that translate into stable multifamily demand. The neighborhood ranks 100th among 580 Columbus metro neighborhoods, placing it in the top quartile locally for overall fundamentals. Parks and open space are a standout strength (top decile nationally by park density), and grocery coverage is above national averages, while cafe and pharmacy density are thinner — a typical trade-off for residential suburbs.
Within a 3-mile radius, population and households have expanded over the last five years, and WDSuite’s data indicate further household growth is projected through 2028. A growing household base and a sizable share of renter-occupied housing (about one-third within 3 miles) point to a broader tenant pool, supporting occupancy stability and lease-up depth for multifamily assets.
Neighborhood rent levels sit around the national middle, and WDSuite’s rent-to-income readings are low, suggesting headroom for measured rent strategies while maintaining retention. Elevated home values relative to the metro and high local incomes support pricing power for quality multifamily, though an owner-leaning tenure mix can create competition with for-sale options — favoring assets that deliver convenience, amenities, and professional management.
Built in 2002, the property is newer than the neighborhood’s average vintage (late 1990s), which helps competitiveness versus older stock. Investors should still plan for selective modernization and systems updates over the hold to maintain positioning against ongoing deliveries and refreshed comparables.
Safety indicators are mixed and warrant monitoring. The neighborhood’s crime rank is 444 out of 580 Columbus neighborhoods, signaling higher incident rates than much of the metro and placing it below national safety percentiles. Recent year-over-year volatility in both property and violent offense estimates suggests near-term fluctuation rather than a consistent trend.
For investors, this argues for standard risk management: emphasize lighting, access controls, and resident engagement; align operating budgets with appropriate security measures; and track submarket policing and community initiatives that can influence conditions over time.
Proximity to regional employers supports commuter convenience and leasing depth, with notable corporate offices in healthcare, retail, and utilities within a 10-mile radius. The list below highlights Cardinal Health (including its tech arm), Big Lots, and American Electric Power as key nearby demand drivers.
- Cardinal Health — healthcare distribution offices (5.6 miles)
- Fuse by Cardinal Health — healthcare technology/innovation (5.8 miles)
- Cardinal Health — corporate offices (5.9 miles) — HQ
- Big Lots — retail corporate offices (6.1 miles) — HQ
- American Electric Power — utilities corporate offices (10.0 miles) — HQ
This 112-unit, 2002-vintage asset sits in a top-quartile Columbus neighborhood where park access and grocery coverage are strong and household growth within 3 miles expands the renter pool. According to CRE market data from WDSuite, neighborhood occupancy trends are near national medians and rent-to-income readings are low, supporting measured rent strategies while preserving retention.
Newer-than-average construction enhances competitive positioning versus older comparables, with an opportunity to drive performance through targeted upgrades and consistent operations. Investors should balance these strengths against below-average safety percentiles and an owner-leaning tenure mix by focusing on security, amenity value, and professional management to sustain leasing velocity.
- Inner-suburban location with top-quartile neighborhood fundamentals among 580 Columbus areas
- 2002 vintage offers competitive positioning versus older stock with selective value-add upside
- Low rent-to-income and growing 3-mile household base support demand and retention
- Strong nearby employment nodes (healthcare, retail, utilities) underpin commuter demand
- Risks: below-median safety percentiles and owner-leaning tenure require disciplined operations