Medical Office Building with Flex
226 E Burwell Ave Loudonville, OH 44842
226 E Burwell Ave, Loudonville, OH, 44842
$350,000
For Sale
$350,000
Medical office building on three parcels with non-load-bearing interior walls and commercial zoning.
Property Size1,668 SF
Price / SF$209.83
Days on Market96
Property Features for 226 E Burwell Ave
General Information
- Standard status
- Active
- Size
- 1,668 SF
Listing agency
Howard Hanna Real Estate Services
(330) 231-4044
Listed by
Tracy Lynn Kauffman · License #2002002519
(330) 231-4044
Source
Exprealty
Added: Apr 19 Updated: Jul 22 at 6:38PM Checked: Jul 22 at 6:38PM
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 Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
This medical office building offers a flexible interior configuration with non-load-bearing interior walls, making it well suited for an open-concept layout or customized offices. The property is being sold as real estate only, with the existing medical office configuration in place.
Located at 226 E. Burwell Ave. in Loudonville and situated on three parcels, the site includes ample business parking for clients, patients, or employees. The property is zoned for commercial use, including a medical clinic and office, and the Village may consider alternative uses with proper approvals; buyers are encouraged to verify intended use with local zoning authorities.
Located at 226 E. Burwell Ave. in Loudonville and situated on three parcels, the site includes ample business parking for clients, patients, or employees. The property is zoned for commercial use, including a medical clinic and office, and the Village may consider alternative uses with proper approvals; buyers are encouraged to verify intended use with local zoning authorities.
Key Highlights
- 1,668 SF medical office building at 226 E. Burwell Ave. in Loudonville
- Non‑load‑bearing interior walls allow for an open‑concept design or customized layout
- Located on three parcels with ample on‑site business parking
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.6k | $21.96 |
| − Vacancy | −$4.6k | −$2.75 |
| EGI | $32.1k | $19.22 |
| − OpEx | −$12.8k | −$7.69 |
| NOI | $19.2k | $11.53 |
1,668 SF · lease $21.96/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$274.7K
$240.4K – $320.5K
NOI $19,230 @ 7.0% cap · market cap 5.49%
Second Best
Office B
$228.2K
$199.7K – $266.2K
NOI $15,973 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$314.8K
$275.4K – $367.2K
NOI $22,034 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rodney L. Stinemetz, ...
Alternative Medicine Practice
Integrated Health Center
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Medical office building on three parcels with non-load-bearing interior walls and commercial zoning.
Where is this medical office space located?
The property is located at 226 E Burwell Ave Loudonville, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,668 SF medical office building at 226 E. Burwell Ave. in Loudonville; Non‑load‑bearing interior walls allow for an open‑concept design or customized layout; Located on three parcels with ample on‑site business parking
