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    1101 Hill Rd N Pickerington, OH 43147

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    For Sale
    $8,304,000

    Medical office building with long-term passive lease structure for sale.

    Lot size:
    10.65 Acres

    Property Features for 1101 Hill Rd N

    General Information

    Lot size
    10.65 Acres

    Source: Matthews Real Estate Investment Services | Atlanta Agent Connor Knauer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pickerington Medical Office Building For Sale

    This medical office building is occupied by medical tenants, who are considered desirable by investors due to their ability to withstand economic downturns and e-commerce consumer trends. The property offers a long-term passive lease structure with an initial term of 10 years. The lease is structured as an absolute NNN lease, meaning there are zero landlord responsibilities for tax, maintenance, and insurance. This type of lease is suitable for out-of-state investors and those seeking passive income.
    Insight Report Location Intelligence

    Current Use by Public Records

    FedEx OnSite Mailing Service Walgreens Drug Store Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Judith Grotsky, RPH Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Compassionate Care Animal Hospital, Windmiller Equine Veterinary Services, Cross Creeks Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Pickerington
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.7792564
    Latitude
    39.9104982

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    FAQs

    What type of property is this?
    Medical office - Medical office building with long-term passive lease structure for sale.
    Where is this medical office located?
    The property is located at 1101 Hill Rd N Pickerington, OH.
    What is the asking price?
    The asking price for this property is $8,304,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Enjoy completely passive income with zero landlord responsibilities.; - Long-Term Lease: Provides a stable income stream with an initial 10-year lease term.; - Medical Tenant: Highly sought after for resilience to economic downturns.
    (813) 335-5893
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1101 Hill Rd N Pickerington, OH 43147
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