Medical Office Space with Monument
For Sale
$1,843,317
2100 Marble Cliff Office Park, Columbus, OH 43215
An established dermatology practice will sign a 10-year lease with a 5-year renewal option.
Property Size6,938 SF
Price / SF$265.68
Days on Market53
Property Features for 2100 Marble Cliff Office Park
General Information
Standard status
Active
Size
6,938 SF
Property subtype
Healthcare
Amenities
Building and monument signage on Dublin Road
Listing Agency:
CBRE | Columbus
Listed By:
Molly Leach · License #2009001866
(614) 430-5022
Source:
Cbre
Added: Jul 30
Changed: Sep 19
Last Checked: Sep 20 at 6:27AM
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 6,938-square-foot medical office property is located at Marble Cliff Office Park in Columbus, Ohio. The building includes building and monument signage on Dublin Road, supporting on-site identification for the practice and its visitors.
An established dermatology practice will sign a 10-year lease with a 5-year option to renew. The property is positioned for continued medical office use under the proposed lease structure.
An established dermatology practice will sign a 10-year lease with a 5-year option to renew. The property is positioned for continued medical office use under the proposed lease structure.
Key Highlights
- 6,938 square feet of medical office space
- Building and monument signage on Dublin Road
- Established dermatology practice will sign a 10‑year lease with a 5‑year option to renew
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
$82,723
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
4.49%
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%
$1,654,460
$1.7M
Cap Rate 7%
$1,181,757
$1.2M
Cap Rate 9%
$919,144
$919.1K
Market Conditions
NOI Build-Up for 6,938 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
$149.9K $21.60/SF
− Vacancy
−$12.0K −$1.73/SF
EGI
$137.9K $19.87/SF
− OpEx
−$55.1K −$7.95/SF
NOI
$82.7K $11.92/SF
Area
Columbus, OH
Vacancy
8.00%
Lease Rate
$21.60 /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%
$1,654,460
Cap Rate 7%
$1,181,757
Cap Rate 9%
$919,144
Alternative Uses
Best Use
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,723 @ 7.0% cap · market cap 4.49%
Second Best
Office B
$1.15M
$1.00M – $1.34M
NOI $80,157 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,214 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Medical Office Space - An established dermatology practice will sign a 10-year lease with a 5-year renewal option.
Where is this medical office space located?
The property is located at 2100 Marble Cliff Office Park Columbus, OH.
What is the asking price?
The asking price for this property is $1,843,317.
What are key features of this property?
This property features: 6,938 square feet of medical office space; Building and monument signage on Dublin Road; Established dermatology practice will sign a 10‑year lease with a 5‑year option to renew
