2290 S Hamilton Rd, Columbus, OH 43232

Building Details

Year Renovated 2021 More

Buildings 1 More

Building Size 4,090 SF More

Listing Agency: KW Greater Columbus Realty, LLC / KW Commercial Show Phone

Listed By: Nathan Yolles · License #2019002346 Show Phone

Source: Moodyscre

Added: Sep 10 Changed: Nov 1 Last Checked: Nov 8 at 7:37AM

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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 KW Greater Columbus Realty, LLC / KW Commercial

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This stand-alone medical office building at 2290 South Hamilton Road in Columbus, Ohio, encompasses approximately 4,090 square feet on about 0.64 acres. The property was fully remodeled and updated in 2021 and is currently used for an urgent care practice.

The building benefits from frontage and visibility along South Hamilton Road, with signalized ingress and egress connecting directly to the main roadway. Its existing medical-office configuration and standalone format provide a defined setting for continued healthcare use.

Key Highlights

• ±4,090‑square‑foot stand‑alone medical office building
• Approximately ±0.64 acres
• Fully remodeled and updated in 2021

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,766

Cap Rate

6.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$975,320 $975.3K

Cap Rate 7%

$696,657 $696.7K

Cap Rate 9%

$541,844 $541.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,090 SF

Gross rent

$88.3K $21.60/SF

− Vacancy

−$7.1K −$1.73/SF

EGI

$81.3K $19.87/SF

− OpEx

−$32.5K −$7.95/SF

NOI

$48.8K $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 Rate 5%

$975,320

Cap Rate 7%

$696,657

Cap Rate 9%

$541,844

Alternative Uses

Best Use

Healthcare Medical

$696.7K

$609.6K – $812.8K (±1% cap)

NOI $48,766 @ 7.0% cap · market cap 6.10%

Second Best

Office B

$675.0K

$590.7K – $787.6K (±1% cap)

NOI $47,253 @ 7.0% cap · market cap 5.91%

Theoretical Best

Office A

$852.4K

$745.8K – $994.4K (±1% cap)

NOI $59,666 @ 7.0% cap · market cap 7.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

All Seasons Medical ... Medical Clinic

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Pharmacy Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

680

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 43232, OH

44,823

Population

20,211

Households

2.2

Avg Household Size

35

Median Age

18%

College-Educated

86%

High-School Grad

12.4 sq mi

ZIP Area

3,615

Density / Sq Mi

$50,599

Median Household Income

$37,156

Median Earnings

$1,048

Median Rent

$152,700

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Columbus, OH

$145 Jul

$186 Aug

$204 Sep

$191 Oct

Properties on Market for Medical Office Space in Columbus

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Columbus, OH

14.1% 2019

20.2% 2020

23.4% 2021

26.3% 2022

25.6% 2023

24.1% 2024

23.5% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Updated medical office property with direct signalized access from South Hamilton Road.

Where is this medical office space located?

The property is located at 2290 S Hamilton Rd Columbus, OH.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: ±4,090‑square‑foot stand‑alone medical office building; Approximately ±0.64 acres; Fully remodeled and updated in 2021