Medical Office
New
For Sale
$8,500,000
2854 Bell St Zanesville OH 43701, Zanesville, OH 43701
The property is offered for acquisition as either an income-producing asset or an owner-occupied facility.
Property Size22,130 SF
Price / SF$384.09
Days on Market6
Property Features for 2854 Bell St Zanesville OH 43701
General Information
Standard status
Active
Size
22,130 SF
Property subtype
Office Medical
Occupancy
100%
Amenities
Triple Net Lease Structure ?
Adjacent To Genesis Hospital?
High Traffic Area?
Recent Tenant Acquisition?
Building Details
Building Size
22,130 SF
Year Built
1974
Listed By:
Chris Biuso · License #License(s): FL: SL3424071
(407) 557-3841
Source:
Marcusmillichap
Added: Sep 30
Last Checked: Oct 4 at 6:21AM
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 Chris Biuso
Investment Insights
Based on property information with market context.
This 22,130-square-foot medical office property was built in 1974 and is located at 2854 Bell St in Zanesville, Ohio. It is available for purchase to an investor or an owner-occupant.
A tenant currently occupies the building under a lease scheduled to end in December 2026, with no renewal options remaining.
A tenant currently occupies the building under a lease scheduled to end in December 2026, with no renewal options remaining.
Key Highlights
- 22,130‑square‑foot medical office property
- Built in 1974
- Current tenant's lease ends in December 2026, with no remaining renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,140
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,242,800
$5.2M
Cap Rate 7%
$3,744,857
$3.7M
Cap Rate 9%
$2,912,667
$2.9M
Market Conditions
NOI Build-Up for 22,130 SF
Gross rent
$478.0K $21.60/SF
− Vacancy
−$41.1K −$1.86/SF
EGI
$436.9K $19.74/SF
− OpEx
−$174.8K −$7.90/SF
NOI
$262.1K $11.85/SF
Area
Muskingum County, OH
Vacancy
8.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,242,800
Cap Rate 7%
$3,744,857
Cap Rate 9%
$2,912,667
Alternative Uses
Best Use
Healthcare Medical
$3.74M
$3.28M – $4.37M
NOI $262,140 @ 7.0% cap · market cap 3.08%
Second Best
Office B
$3.55M
$3.11M – $4.14M
NOI $248,564 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $336,220 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,201
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43701, OH
55,361
Population
25,785
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
180.5 sq mi
ZIP Area
307
Density / Sq Mi
$54,900
Median Household Income
$34,345
Median Earnings
$819
Median Rent
$164,200
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 Office Space - The property is offered for acquisition as either an income-producing asset or an owner-occupied facility.
Where is this medical office space located?
The property is located at 2854 Bell St Zanesville OH 43701 Zanesville, OH.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 22,130‑square‑foot medical office property; Built in 1974; Current tenant's lease ends in December 2026, with no remaining renewal options
