Turn-Key Plasma Center
For Sale
$1,395,000
435 E Columbia St, Springfield, OH 45503
Move-in ready plasma center built for outpatient collection workflow with on-site parking and updated clinical interior spaces.
Property Size10,296 SF
Price / SF$135.49
Days on Market37
Property Features for 435 E Columbia St
General Information
Standard status
Active
Size
10,296 SF
Property subtype
Office - Medical Office
Listing Agency:
Coldwell Banker Heritage
(937) 504-6375
Listed By:
Patrick Williams
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 26
Last Checked: Aug 31 at 1:26PM
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 Coldwell Banker Heritage
Investment Insights
Based on property information with market context.
This purpose-built plasma center facility is presented as turn-key and move-in ready for high-throughput outpatient medical operations. The interior is highly updated and configured around clinical rooms, donor/patient flow, and support spaces designed to support the collection workflow. The building has a shingle roof with no rooftop mechanicals and is described as in excellent overall condition.
On-site parking is available; resurfacing has been identified in the near term. The facility is positioned as an efficient acquisition option versus retrofit or new construction delays, with the layout and infrastructure already in place for plasma-center style operations.
The offering includes a single building designed for outpatient clinical use, with functional flow intended to support plasma collection activities and related high-intensity medical operations.
On-site parking is available; resurfacing has been identified in the near term. The facility is positioned as an efficient acquisition option versus retrofit or new construction delays, with the layout and infrastructure already in place for plasma-center style operations.
The offering includes a single building designed for outpatient clinical use, with functional flow intended to support plasma collection activities and related high-intensity medical operations.
Key Highlights
- 10,296 SF plasma center built for high‑throughput outpatient collection workflow
- Move‑in ready, purpose‑built layout for clinical operations, donor/patient flow, and support spaces
- Highly updated interior configured for efficient outpatient medical workflow
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
$123,316
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
8.84%
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%
$2,466,320
$2.5M
Cap Rate 7%
$1,761,657
$1.8M
Cap Rate 9%
$1,370,178
$1.4M
Market Conditions
NOI Build-Up for 10,296 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
$224.9K $21.84/SF
− Vacancy
−$19.3K −$1.88/SF
EGI
$205.5K $19.96/SF
− OpEx
−$82.2K −$7.98/SF
NOI
$123.3K $11.98/SF
Area
Clark County, OH
Vacancy
8.60%
Lease Rate
$21.84 /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%
$2,466,320
Cap Rate 7%
$1,761,657
Cap Rate 9%
$1,370,178
Alternative Uses
Best Use
Office B
$1.96M
$1.71M – $2.29M
NOI $137,134 @ 7.0% cap · market cap 9.83%
Second Best
Healthcare Medical
$1.76M
$1.54M – $2.06M
NOI $123,316 @ 7.0% cap · market cap 8.84%
Theoretical Best
Specialty Retail
$2.87M
$2.51M – $3.35M
NOI $201,030 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 45503, OH
32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Move-in ready plasma center built for outpatient collection workflow with on-site parking and updated clinical interior spaces.
Where is this medical center located?
The property is located at 435 E Columbia St Springfield, OH.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 10,296 SF plasma center built for high‑throughput outpatient collection workflow; Move‑in ready, purpose‑built layout for clinical operations, donor/patient flow, and support spaces; Highly updated interior configured for efficient outpatient medical workflow
