Two-Story Medical Office
117 Lazelle Road E #A C D, Columbus, OH 43235
For Sale
$999,990
Three suites provide options for an owner-user or multiple occupants in a commercial office setting.
Property Size5,355 SF
Price / SF$186.74
Days on Market236
Property Features for 117 Lazelle Road E #A C D
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Sunil Vegesna
(201) 282-7897
Source:
Douglaskeycresolutions
Added: Mar 17
Changed: Nov 7
Last Checked: Nov 7 at 5:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red 1 Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story medical office condominium contains 5,355 square feet across three suites. The first-floor suite measures approximately 1,785 square feet, while the two upper-level suites total 3,570 square feet. The interior includes reception areas, private offices, and rooms configured for treatment or meetings; the property was previously used for dental practice.
The property is at 117 Lazelle Road E in Columbus, with visibility along Lazelle Road. On-site and nearby parking are available, and the address has access to surrounding businesses, dining, and major thoroughfares.
The suite configuration supports occupancy by one business or multiple occupants.
The property is at 117 Lazelle Road E in Columbus, with visibility along Lazelle Road. On-site and nearby parking are available, and the address has access to surrounding businesses, dining, and major thoroughfares.
The suite configuration supports occupancy by one business or multiple occupants.
Key Highlights
- 5,355‑square‑foot medical office condominium
- Three suites: 1,785 square feet on the first floor and 3,570 square feet across two upper‑level suites
- Reception areas, private offices, and treatment or meeting rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,388
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,760
$1.4M
Cap Rate 7%
$1,005,543
$1.0M
Cap Rate 9%
$782,089
$782.1K
Market Conditions
NOI Build-Up for 5,355 SF
Gross rent
$116.3K $21.72/SF
− Vacancy
−$22.5K −$4.19/SF
EGI
$93.9K $17.53/SF
− OpEx
−$23.5K −$4.38/SF
NOI
$70.4K $13.14/SF
Area
ZIP 43235
Vacancy
19.31%
Lease Rate
$21.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,760
Cap Rate 7%
$1,005,543
Cap Rate 9%
$782,089
Alternative Uses
Best Use
Office B
$1.01M
$879.9K – $1.17M
NOI $70,388 @ 7.0% cap · market cap 7.04%
Second Best
Healthcare Medical
$797.6K
$697.9K – $930.5K
NOI $55,829 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.08M
$948.9K – $1.27M
NOI $75,910 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43235, OH
45,561
Population
20,855
Households
2.2
Avg Household Size
36
Median Age
59%
College-Educated
96%
High-School Grad
14.2 sq mi
ZIP Area
3,209
Density / Sq Mi
$86,758
Median Household Income
$54,814
Median Earnings
$1,412
Median Rent
$346,500
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Columbus, OH
Properties on Market for Medical Office Space in Columbus
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Medical Office Space - Three suites provide options for an owner-user or multiple occupants in a commercial office setting.
Where is this medical office space located?
The property is located at 117 Lazelle Road E #A C D Columbus, OH.
What is the asking price?
The asking price for this property is $999,990.
What are key features of this property?
This property features: 5,355‑square‑foot medical office condominium; Three suites: 1,785 square feet on the first floor and 3,570 square feet across two upper‑level suites; Reception areas, private offices, and treatment or meeting rooms
