Medical Office Building for
226 E Burwell Avenue Loudonville Loudonville, OH 44842
226 E Burwell Avenue Loudonville, Loudonville, OH, 44842
$340,000
For Sale
$340,000
Medical office building with non-load-bearing interior walls and commercial zoning on three parcels.
Property Size1,668 SF
Price / SF$203.84
Days on Market17
Property Features for 226 E Burwell Avenue Loudonville
General Information
- Standard status
- Active
- Size
- 1,668 SF
Building Details
- Year Built
- 1988
Listing agency
(614) 660-5959
Listed by
Sinath Johnson
(614) 660-5959
Source
Movenowohio
Added: Jul 6 Updated: Jul 20 at 8:22PM Checked: Jul 21 at 3:38AM
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 Sinath Johnson
Investment Insights
Based on property information with market context.
This property is a 1,668 sq ft commercial building currently configured as a medical office. Interior walls are non-load-bearing, providing flexibility for an open-concept plan or a customized layout. The real estate is being sold only, and the business is not included.
The building sits on three parcels and is described as providing business parking for clients, patients, or employees. Zoning is for commercial use, including a medical clinic and office, with the Village noting that alternative uses may be considered with proper approvals; buyers are encouraged to verify intended uses with local zoning authorities.
Overall, the combination of medical office configuration, flexible interior construction, and commercial zoning supports a variety of office-oriented uses, subject to approval.
The building sits on three parcels and is described as providing business parking for clients, patients, or employees. Zoning is for commercial use, including a medical clinic and office, with the Village noting that alternative uses may be considered with proper approvals; buyers are encouraged to verify intended uses with local zoning authorities.
Overall, the combination of medical office configuration, flexible interior construction, and commercial zoning supports a variety of office-oriented uses, subject to approval.
Key Highlights
- 1,668 sq ft medical office building built in 1988 at 226 E. Burwell Ave. in Loudonville
- Non‑load‑bearing interior walls allow for an open‑concept layout or customized floor plan
- Commercial zoning for uses including a medical clinic and office (verify any alternative uses with local authorities)
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 5.66%
Second Best
Office B
$228.2K
$199.7K – $266.2K
NOI $15,973 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$314.8K
$275.4K – $367.2K
NOI $22,034 @ 7.0% cap · market cap 6.48%
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 with non-load-bearing interior walls and commercial zoning on three parcels.
Where is this medical office space located?
The property is located at 226 E Burwell Avenue Loudonville Loudonville, OH.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,668 sq ft medical office building built in 1988 at 226 E. Burwell Ave. in Loudonville; Non‑load‑bearing interior walls allow for an open‑concept layout or customized floor plan; Commercial zoning for uses including a medical clinic and office (verify any alternative uses with local authorities)
