Renovated Pharmacy and Medical
2819 Westerville Road Columbus, OH 43224
2819 Westerville Road, Columbus, OH, 43224
$675,000
For Sale
$675,000
Renovated commercial building with leased pharmacy space and an adjoining vacant, fully built-out medical office suite.
Property Size3,987 SF
Price / SF$169.30
Days on Market446
Property Features for 2819 Westerville Road
General Information
- Standard status
- Active
- Size
- 3,987 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1958
Listing agency
N/A
(614) 327-0707
Listed by
Donita Sowell
(614) 327-0707
Source
Xome
Added: May 3, 2025 Updated: Jul 22 at 4:38PM Checked: Jul 22 at 4:38PM
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 N/A
Investment Insights
Based on property information with market context.
Renovated commercial building totaling 3,987 sq. ft., currently leased to a pharmacy tenant. The property includes an adjoining medical office suite that is vacant and fully built out with exam rooms, offices, waiting areas, and support space.
Set along a high-traffic corridor with excellent visibility, the building is configured for flexible use and benefits from abundant natural light and ample parking.
With a combined pharmacy and medical office layout, the property offers a straightforward setup for an operator seeking on-site continuity or space that can be adapted around the existing exam-room and office improvements.
Set along a high-traffic corridor with excellent visibility, the building is configured for flexible use and benefits from abundant natural light and ample parking.
With a combined pharmacy and medical office layout, the property offers a straightforward setup for an operator seeking on-site continuity or space that can be adapted around the existing exam-room and office improvements.
Key Highlights
- Renovated 3,987 SF commercial building in a high‑traffic corridor
- Currently leased to a pharmacy tenant for steady income
- Adjoining medical office suite is vacant and fully built out with exam rooms and offices
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.6k | $19.20 |
| − Vacancy | −$5.4k | −$1.34 |
| EGI | $71.2k | $17.86 |
| − OpEx | −$17.8k | −$4.46 |
| NOI | $53.4k | $13.39 |
3,987 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$762.8K
$667.4K – $889.9K
NOI $53,394 @ 7.0% cap · market cap 7.91%
Second Best
Healthcare Medical
$679.1K
$594.2K – $792.3K
NOI $47,538 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$830.9K
$727.1K – $969.4K
NOI $58,164 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MRS TA’s Flauci ...
Nail Salon
Chibamba Coiffures Inc
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Jodie L. Lones, RPh — 3093 Cleveland Ave, Columbus, OH 43224
- INFINITY PHARMACY — 2773 Cleveland Ave, Columbus, OH 43224
- Lifeline Pharmacy — 2343 Cleveland Ave, Columbus, OH 43211
- COVID-19 Drive-thru Testing at Walgreens — 3093 Cleveland Ave, Columbus, OH 43224
- Antoinette Dobbins — 3093 Cleveland Ave, Columbus, OH 432243684
FAQs
What type of property is this?
Drug store - Renovated commercial building with leased pharmacy space and an adjoining vacant, fully built-out medical office suite.
Where is this drug store located?
The property is located at 2819 Westerville Road Columbus, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Renovated 3,987 SF commercial building in a high‑traffic corridor; Currently leased to a pharmacy tenant for steady income; Adjoining medical office suite is vacant and fully built out with exam rooms and offices
