Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Pickerington, OH 43147

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Located near OhioHealth, ample parking, and pylon signage available.

    We can help!

    Listing Contact
    Andrew Montooth, CCIM
    Source: Nmrk

    Listing Agent: Andrew Montooth, CCIM

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

    Learn more

    Overview

    Prime Location Near OhioHealth Campus

    This property is situated in a rapidly growing Ohio city, across the street from OhioHealth’s Pickerington campus, which offers 24/7 emergency care, outpatient surgery, rehabilitation and sports medicine, laboratory, and heart and vascular services. Located on the main thoroughfare of Pickerington, the site benefits from several area amenities, including restaurants, hotels, health clubs, banks, and shopping. Ample parking is available, and pylon signage is an option. The property is located on Hill Road North near I-70 in Pickerington.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Pickerington
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.7452
    Latitude
    39.9019

    Nearby Similar for Lease

    • $33 SF/Yr
      9,680 SF

      Office Space in Pickerington, OH

      Two office spaces available with included utilities and amenities.
      799 Windmiller Dr, Pickerington, OH 43147
      View Details
    • $1,800 /Mo
      16,337 SF

      Furnished Office Space Available

      Furnished office space with shared amenities in Pickerington, OH.
      10400 Blacklick-Eastern Rd NW, Pickerington, OH 43147
      View Details
    • $750 /Mo
      16,337 SF

      Furnished Office Space Available

      Furnished 132 SF office space with shared amenities for rent.
      10400 Blacklick Eastern Rd, Pickerington, OH 43147
      View Details
    • $3,750 /Mo
      2,168 SF

      Remodeled Office Space in Pickerington

      Remodeled office space with multiple rooms, kitchen, and ample parking.
      597 Hill Rd N, Pickerington, OH 43147
      View Details
    • Contact for pricing
      2,379 SF

      Retail Opportunity in Growing Area

      Retail spaces available in a high-growth mixed-use development.
      8865 Diley Rd NW, Pickerington, OH 43147
      View Details
    • $15 SF/Yr
      13,982 SF

      Pickerington Medical/Office Space For Lease

      1,500 SF medical/office space in a high-visibility Pickerington corridor.
      641 N Hill Rd, Pickerington, OH 43147
      View Details
    • Contact for pricing
      2,800 SF

      Pickerington Office Space - Drive-Thru Potential

      Prime Office Space, 2800 sq ft, High Visibility
      990 Old Diley Rd, Pickerington, OH 43147
      View Details
    • $4,500 /Mo
      3,510 SF

      Pickerington Office/Medical Building For Lease

      Two-story building for lease in a busy, developing area.
      9 Hill Rd N, Pickerington, OH 43147
      View Details
    • $20 SF/Yr
      1,941 SF

      Pickerington Office Space For Rent

      Office space for rent in a growing Ohio city.
      1310 Hill Rd North, Pickerington, OH 43147
      View Details
    • Contact for pricing
      12,685 SF

      Restaurant Opportunity in Pickerington Retail

      Second generation restaurant space in a high-traffic retail corridor.
      10701 Blacklick Eastern Rd, Pickerington, OH 43147
      View Details
    • $14 SF/Yr
      5,026 SF

      Turn Key Urgent Care Space

      5,026 SF 2nd Generation Urgent Care Space Available
      1797 Hill Rd N, Pickerington, OH 43147
      View Details
    • Contact for pricing
      5,100 SF

      Pickerington Retail Restaurant Opportunity

      Second-generation restaurant space available in Pickerington's main retail corridor.
      10709 Blacklick Eastern Rd, Pickerington, OH 43147
      View Details

    FAQs

    What type of property is this?
    Medical office - Located near OhioHealth, ample parking, and pylon signage available.
    Where is this medical office located?
    The property is located at Pickerington, OH.
    What are key features of this property?
    This property features: - Across the street from OhioHealth Pickerington campus offering 24/7 emergency care and comprehensive medical services.; - Located in one of the fastest growing cities in Ohio.; - Located on the main thoroughfare of Pickerington.
    (614) 883-1092
    Request Owner's contact information
    Pickerington, OH 43147
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Pickerington, OH 43147
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Pickerington, OH 43147
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrew Montooth, CCIM
    (614) 883-1092
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.