Single-Story Medical Office
For Sale
$2,995,000
2150 Marble Cliff Office Park, Columbus, OH 43215
All-brick, single-story medical office building within a three-building professional campus and built for patient and staff parking convenience.
Property Size12,991 SF
Lot Size0.85 Acres
Price / SF$230.54
Days on Market121
Property Features for 2150 Marble Cliff Office Park
General Information
Standard status
Active
Size
12,991 SF
Class
B
Lot size
0.85 Acres
Property subtype
Office
Occupancy
100%
Building Details
Building Size
12,991 SF
Year Built
2004
Stories
1
Construction
all-brick exterior
Tenancy
Multi
Listing Agency:
NAI Ohio Equities
Listed By:
Philip Bird, SIOR
(614) 557-9967
Source:
Ohioequities
Added: May 8
Changed: Sep 3
Last Checked: Sep 5 at 6:08AM
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 NAI Ohio Equities
Investment Insights
Based on property information with market context.
2150 Marble Cliff Office Park is a 12,991 SF, single-story, all-brick medical office building within a three-building professional campus environment. The property is 100% leased to two established healthcare tenants, including Mount Carmel Medical Group and Elite Dental Partners.
The site is set on 0.85 acres and provides a parking ratio of 4.9 spaces per 1,000 SF. Surrounding land uses include a mix of retail, office, industrial/flex properties, and both single-family and multi-family residential, supporting ongoing day-to-day accessibility.
The campus setting and tenant occupancy offer a managed healthcare-focused office configuration in the Grandview/Marble Cliff submarket.
The site is set on 0.85 acres and provides a parking ratio of 4.9 spaces per 1,000 SF. Surrounding land uses include a mix of retail, office, industrial/flex properties, and both single-family and multi-family residential, supporting ongoing day-to-day accessibility.
The campus setting and tenant occupancy offer a managed healthcare-focused office configuration in the Grandview/Marble Cliff submarket.
Key Highlights
- 12,991 SF, single‑story all‑brick medical office building in the Grandview/Marble Cliff submarket
- 100% leased to Mount Carmel Medical Group and Elite Dental Partners
- Located on 0.85 acres within a three‑building professional campus (Marble Cliff Office Park)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$154,894
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,097,880
$3.1M
Cap Rate 7%
$2,212,771
$2.2M
Cap Rate 9%
$1,721,044
$1.7M
Market Conditions
NOI Build-Up for 12,991 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$280.6K $21.60/SF
− Vacancy
−$22.4K −$1.73/SF
EGI
$258.2K $19.87/SF
− OpEx
−$103.3K −$7.95/SF
NOI
$154.9K $11.92/SF
Area
Columbus, OH
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,097,880
Cap Rate 7%
$2,212,771
Cap Rate 9%
$1,721,044
Alternative Uses
Best Use
Healthcare Medical
$2.21M
$1.94M – $2.58M
NOI $154,894 @ 7.0% cap · market cap 5.17%
Second Best
Office B
$2.14M
$1.88M – $2.50M
NOI $150,089 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,517 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - All-brick, single-story medical office building within a three-building professional campus and built for patient and staff parking convenience.
Where is this medical office space located?
The property is located at 2150 Marble Cliff Office Park Columbus, OH.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 12,991 SF, single‑story all‑brick medical office building in the Grandview/Marble Cliff submarket; 100% leased to Mount Carmel Medical Group and Elite Dental Partners; Located on 0.85 acres within a three‑building professional campus (Marble Cliff Office Park)
