Medical Office Space with Procedure
For Sale
Contact for pricing
24 E Hidden Ravines Dr, Powell, OH 43065
Built in 2005 with private offices, a lab, kitchenette, and three in-suite restrooms.
Property Size6,480 SF
Price / SF$324.07
Days on Market100
Property Features for 24 E Hidden Ravines Dr
General Information
Standard status
Active
Size
6,480 SF
Property subtype
OFFICE
Additional Details
Asking Price
$2,100,000
Highway Access
Yes
Amenities
Monument and Building Signage available
Building Details
Year Built
2005
Listing Agency:
CBRE | Columbus
(614) 332-4795
Listed By:
Molly Leach · License #2009001866
(614) 332-4795
Source:
Moodyscre
Added: Apr 24
Changed: Jul 31
Last Checked: Jul 31 at 12:45PM
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 medical office property offers 6,480 SF available for sale, with 4,591 SF also identified as available for lease. Built in 2005, the space includes 9 exam rooms, including 2 procedure rooms, along with multiple private offices, a nurse’s station, and a lab. A large reception area, kitchenette, and 3 in-suite restrooms support day-to-day operations. Tenant improvement allowance is offered, and monument and building signage are available.
The property is accessible from a signalized traffic light at US-23 and Hidden Ravines Dr. OhioHealth and the Nationwide Children’s Hospital Emergency Center are minutes away.
The property is accessible from a signalized traffic light at US-23 and Hidden Ravines Dr. OhioHealth and the Nationwide Children’s Hospital Emergency Center are minutes away.
Key Highlights
- 6,480 SF available for sale; 4,591 SF available for lease
- 9 exam rooms, including 2 procedure rooms
- Multiple private offices, nurse’s station, and lab
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 | $142.3k | $21.96 |
| − Vacancy | −$14.9k | −$2.31 |
| EGI | $127.4k | $19.65 |
| − OpEx | −$50.9k | −$7.86 |
| NOI | $76.4k | $11.79 |
6,480 SF · lease $21.96/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.09M
$955.2K – $1.27M
NOI $76,416 @ 7.0% cap · market cap 3.64%
Second Best
Office B
$1.05M
$922.5K – $1.23M
NOI $73,798 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,686 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43065, OH
44,829
Population
17,468
Households
2.6
Avg Household Size
41
Median Age
68%
College-Educated
98%
High-School Grad
28.1 sq mi
ZIP Area
1,595
Density / Sq Mi
$154,797
Median Household Income
$83,357
Median Earnings
$1,811
Median Rent
$451,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2005 with private offices, a lab, kitchenette, and three in-suite restrooms.
Where is this medical office space located?
The property is located at 24 E Hidden Ravines Dr Powell, OH.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 6,480 SF available for sale; 4,591 SF available for lease; 9 exam rooms, including 2 procedure rooms; Multiple private offices, nurse’s station, and lab
