Medical Office Space with Dental
New
For Sale
Contact for pricing
1608 Brice Rd, Reynoldsburg, OH 43068
Dental-ready suite with procedure capability, imaging, equipment, and patient-facing reception areas.
Property Size1,350 SF
Price / SF$333.33
Days on Market5
Property Features for 1608 Brice Rd
General Information
Standard status
Active
Size
1,350 SF
Property subtype
OFFICE
Additional Details
Asking Price
$450,000
Amenities
large waiting area with check-in/check-out
two in-suite restrooms
large monument sign on Brice Rd
Listing Agency:
CBRE | Columbus
(614) 332-4795
Listed By:
Molly Leach · License #2009001866
(614) 332-4795
Source:
Moodyscre
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 10:17PM
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 CBRE | Columbus
Investment Insights
Based on property information with market context.
This 1,350 SF medical office suite is configured for dental operations, with 3 operatories, a procedure room, and a dedicated physician office. The interior includes Pan X-ray equipment, dental equipment, a substantial waiting area, and separate check-in and check-out functions. Two in-suite restrooms support daily operations and patient flow.
Positioned at 1608 Brice Rd in Reynoldsburg, Ohio, the property also features a large monument sign along Brice Rd for on-site identification. The existing layout combines clinical rooms, imaging capability, administrative space, and reception functions within a purpose-built office setting.
Positioned at 1608 Brice Rd in Reynoldsburg, Ohio, the property also features a large monument sign along Brice Rd for on-site identification. The existing layout combines clinical rooms, imaging capability, administrative space, and reception functions within a purpose-built office setting.
Key Highlights
- 1,350 SF medical office suite at 1608 Brice Rd
- 3 operatories plus a procedure room
- Pan X‑ray and dental equipment included
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
$16,621
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
3.69%
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%
$332,420
$332.4K
Cap Rate 7%
$237,443
$237.4K
Cap Rate 9%
$184,678
$184.7K
Market Conditions
NOI Build-Up for 1,350 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
$29.2K $21.60/SF
− Vacancy
−$7.0K −$5.18/SF
EGI
$22.2K $16.42/SF
− OpEx
−$5.5K −$4.10/SF
NOI
$16.6K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$332,420
Cap Rate 7%
$237,443
Cap Rate 9%
$184,678
Alternative Uses
Best Use
Office B
$237.4K
$207.8K – $277.0K
NOI $16,621 @ 7.0% cap · market cap 3.69%
Second Best
Healthcare Medical
$190.9K
$167.0K – $222.7K
NOI $13,361 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$275.2K
$240.8K – $321.1K
NOI $19,266 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Petlovers Animal Hospital — 6425 E Livingston Ave, Reynoldsburg, OH 43068
- Geer Jr Joseph a DVM — 6724 E Main St, Reynoldsburg, OH 43068
- Rosehill Veterinary Hospital — 6724 E Main St, Reynoldsburg, OH 43068
Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental-ready suite with procedure capability, imaging, equipment, and patient-facing reception areas.
Where is this medical office space located?
The property is located at 1608 Brice Rd Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,350 SF medical office suite at 1608 Brice Rd; 3 operatories plus a procedure room; Pan X‑ray and dental equipment included
