Medical Office
For Sale
$295,000
309 S Chapel Street Louisville, Louisville, OH 44641
Leased dental/medical office building with a reception area, seven exam rooms, private and business offices, and a sterilization room.
Property Size2,139 SF
Days on Market76
Property Features for 309 S Chapel Street Louisville
General Information
Standard status
Active
Size
2,139 SF
Taxes and HOA fees
Annual Taxes
$6,457
Amenities
Partial
true
Public
0.2479
false
Assessor
On Site
Basement
2139
1
Building Details
Building Size
2,139 SF
Year Built
1969
Buildings
1
Listed By:
Heather Fowler
(330) 590-5379
Source:
Akroncantonhomesonline
Added: Jul 28
Changed: Oct 7
Last Checked: Oct 7 at 9:59AM
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 Heather Fowler
Investment Insights
Based on property information with market context.
This dental/medical office building is offered for sale and is currently leased. The interior layout includes a waiting room/reception, seven exam rooms, a private office, a business office, and a sterilization room. The building is described as being in very nice condition.
The property is located in a central downtown area in Louisville, OH, and is positioned for day-to-day patient and staff operations.
With its exam-room configuration and dedicated sterilization space, the building is well suited to medical and dental practices seeking a ready-to-operate interior arrangement while the property remains leased.
The property is located in a central downtown area in Louisville, OH, and is positioned for day-to-day patient and staff operations.
With its exam-room configuration and dedicated sterilization space, the building is well suited to medical and dental practices seeking a ready-to-operate interior arrangement while the property remains leased.
Key Highlights
- Leased dental/medical office building in downtown central area
- Reception/waiting room setup for patient entry and service
- 7 exam rooms plus sterilization room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,070
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,400
$521.4K
Cap Rate 7%
$372,429
$372.4K
Cap Rate 9%
$289,667
$289.7K
Market Conditions
NOI Build-Up for 2,139 SF
Gross rent
$47.0K $21.96/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$43.4K $20.31/SF
− OpEx
−$17.4K −$8.13/SF
NOI
$26.1K $12.19/SF
Area
Stark County, OH
Vacancy
7.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,400
Cap Rate 7%
$372,429
Cap Rate 9%
$289,667
Alternative Uses
Best Use
Healthcare Medical
$372.4K
$325.9K – $434.5K
NOI $26,070 @ 7.0% cap · market cap 8.84%
Second Best
Office B
$369.2K
$323.1K – $430.7K
NOI $25,844 @ 7.0% cap · market cap 8.76%
Theoretical Best
Retail
$558.5K
$488.7K – $651.6K
NOI $39,093 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44641, OH
20,399
Population
8,412
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
96%
High-School Grad
54.9 sq mi
ZIP Area
372
Density / Sq Mi
$78,128
Median Household Income
$42,035
Median Earnings
$834
Median Rent
$199,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- West Main Veterinary Clinic — 817 W Main St, Louisville, OH 44641
Frequently Asked Questions
What type of property is this?
Medical Office Space - Leased dental/medical office building with a reception area, seven exam rooms, private and business offices, and a sterilization room.
Where is this medical office space located?
The property is located at 309 S Chapel Street Louisville Louisville, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Leased dental/medical office building in downtown central area; Reception/waiting room setup for patient entry and service; 7 exam rooms plus sterilization room
