Medical Office Building with Exam
For Sale
Contact for pricing
1930 Crown Park Ct, Columbus, OH 43235
Healthcare-ready layout with multiple exam/procedure rooms, ample parking, and an existing State Farm lease in place.
Property Size9,332 SF
Price / SF$267.90
Days on Market63
Property Features for 1930 Crown Park Ct
General Information
Standard status
Active
Size
9,332 SF
Property subtype
OFFICE
Properties For Sale
at 1930 Crown Park Ct Contact us- Floor
- 1
- Size
- 5,076 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, On Available Date
- Sublease
- No
1930 Crown Park Ct
+ 5,076 SF Available for Lease on 10/1/27
− Asking Rate: $15.00-15.50/PSF NNN
+...
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Listing Agency:
CBRE | Columbus
(614) 332-4795
Listed By:
Molly Leach · License #2009001866
(614) 332-4795
Source:
Moodyscre
Added: Jun 10
Changed: Aug 8
Last Checked: Jul 30 at 3:05AM
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 9,322 SF medical office building, built in 1992, is set up for exam-based healthcare services and related professional uses. The space includes a waiting room, reception, and 14 exam/procedure rooms with sinks, supported by 7 private offices and file rooms, a break room, x-ray room, lab, MA stations, a nurse’s station, and 4 restrooms.
The property sits on a 0.90-acre lot with 36 parking spaces and is located off Bethel Road next to Kroger. The current offering includes 5,076 SF available for lease and a 9,322 SF building for sale.
For buyers and operators, the current tenant mix and functional improvements can support an owner-user scenario or a healthcare provider that needs dedicated clinical rooms. The existing lease in place with State Farm (4,246 SF) provides immediate occupancy, while the remaining space is laid out and described as suitable for healthcare providers, general office, and retail uses.
The property sits on a 0.90-acre lot with 36 parking spaces and is located off Bethel Road next to Kroger. The current offering includes 5,076 SF available for lease and a 9,322 SF building for sale.
For buyers and operators, the current tenant mix and functional improvements can support an owner-user scenario or a healthcare provider that needs dedicated clinical rooms. The existing lease in place with State Farm (4,246 SF) provides immediate occupancy, while the remaining space is laid out and described as suitable for healthcare providers, general office, and retail uses.
Key Highlights
- 5,076 SF available for lease at $15.00–$15.50/PSF NNN
- 9,322 SF building also available for sale for $2,500,000
- Existing lease in place with State Farm (4,246 SF)
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
$122,664
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
4.91%
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%
$2,453,280
$2.5M
Cap Rate 7%
$1,752,343
$1.8M
Cap Rate 9%
$1,362,933
$1.4M
Market Conditions
NOI Build-Up for 9,332 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
$202.7K $21.72/SF
− Vacancy
−$39.1K −$4.19/SF
EGI
$163.6K $17.53/SF
− OpEx
−$40.9K −$4.38/SF
NOI
$122.7K $13.14/SF
Area
ZIP 43235
Vacancy
19.31%
Lease Rate
$21.72 /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%
$2,453,280
Cap Rate 7%
$1,752,343
Cap Rate 9%
$1,362,933
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,664 @ 7.0% cap · market cap 4.91%
Second Best
Healthcare Medical
$1.39M
$1.22M – $1.62M
NOI $97,292 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,287 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43235, OH
45,561
Population
20,855
Households
2.2
Avg Household Size
36
Median Age
59%
College-Educated
96%
High-School Grad
14.2 sq mi
ZIP Area
3,209
Density / Sq Mi
$86,758
Median Household Income
$54,814
Median Earnings
$1,412
Median Rent
$346,500
Median Home Value
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare-ready layout with multiple exam/procedure rooms, ample parking, and an existing State Farm lease in place.
Where is this medical office space located?
The property is located at 1930 Crown Park Ct Columbus, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 5,076 SF available for lease at $15.00–$15.50/PSF NNN; 9,322 SF building also available for sale for $2,500,000; Existing lease in place with State Farm (4,246 SF)
