Freestanding Medical Office
For Sale
$369,900
1676 Brice Rd, Reynoldsburg, OH 43068
A reception and waiting area connects to five separate rooms suited to private office, exam, or meeting functions.
Property Size1,755 SF
Price / SF$210.77
Days on Market10
Property Features for 1676 Brice Rd
General Information
Standard status
Active
Size
1,755 SF
Total Parking Spaces
15
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1959
Buildings
1
Building Size
1,755 SF
Listing Agency:
USA-1 Real Estate Corp.
Listed By:
Earl H Kerns · License #2015005274
(614) 915-7230
Source:
Centralohiohomeguide
Added: Oct 17
Changed: Oct 25
Last Checked: Oct 24 at 3:32PM
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 USA-1 Real Estate Corp.
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Investment Insights
Based on property information with market context.
This freestanding medical office property contains 1,755 square feet, with a reception and waiting area leading to five distinct rooms. Recent interior work includes new paint and floor coverings, and the roof was replaced less than five years ago. A paved parking lot has 15 striped spaces.
At the Brice Road and Roselawn Avenue corner in Reynoldsburg, the property has frontage on Brice Road and vehicle access from Roselawn Avenue. The I-70 and Brice Road interchange is less than one mile away.
At the Brice Road and Roselawn Avenue corner in Reynoldsburg, the property has frontage on Brice Road and vehicle access from Roselawn Avenue. The I-70 and Brice Road interchange is less than one mile away.
Key Highlights
- 1,755‑square‑foot freestanding medical office property
- Reception and waiting area with five separate rooms
- 15 striped spaces in a paved parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,608
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,160
$432.2K
Cap Rate 7%
$308,686
$308.7K
Cap Rate 9%
$240,089
$240.1K
Market Conditions
NOI Build-Up for 1,755 SF
Gross rent
$37.9K $21.60/SF
− Vacancy
−$9.1K −$5.18/SF
EGI
$28.8K $16.42/SF
− OpEx
−$7.2K −$4.10/SF
NOI
$21.6K $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 Rate 5%
$432,160
Cap Rate 7%
$308,686
Cap Rate 9%
$240,089
Alternative Uses
Best Use
Office B
$308.7K
$270.1K – $360.1K
NOI $21,608 @ 7.0% cap · market cap 5.84%
Second Best
Healthcare Medical
$248.1K
$217.1K – $289.5K
NOI $17,369 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$357.8K
$313.1K – $417.4K
NOI $25,046 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Midwest region
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 - A reception and waiting area connects to five separate rooms suited to private office, exam, or meeting functions.
Where is this medical office space located?
The property is located at 1676 Brice Rd Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 1,755‑square‑foot freestanding medical office property; Reception and waiting area with five separate rooms; 15 striped spaces in a paved parking lot
