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 Market193
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) 224-1492
Listed By:
Molly Leach · License #2009001866
(614) 332-4795
Source:
Moodyscre
Added: Apr 24
Changed: Oct 25
Last Checked: Nov 1 at 4:26AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$79,782
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,595,640
$1.6M
Cap Rate 7%
$1,139,743
$1.1M
Cap Rate 9%
$886,467
$886.5K
Market Conditions
NOI Build-Up for 6,480 SF
Gross rent
$140.0K $21.60/SF
− Vacancy
−$33.6K −$5.18/SF
EGI
$106.4K $16.42/SF
− OpEx
−$26.6K −$4.10/SF
NOI
$79.8K $12.31/SF
Area
Delaware County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,595,640
Cap Rate 7%
$1,139,743
Cap Rate 9%
$886,467
Alternative Uses
Best Use
Office B
$1.14M
$997.3K – $1.33M
NOI $79,782 @ 7.0% cap · market cap 3.80%
Second Best
Healthcare Medical
$978.8K
$856.5K – $1.14M
NOI $68,517 @ 7.0% cap · market cap 3.26%
Theoretical Best
Warehouse
$1.31M
$1.14M – $1.52M
NOI $91,424 @ 7.0% cap · market cap 4.35%
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Powell Veterinary Clinic,LLC — 465 N Liberty St, Powell, OH 43065
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
