Medical/Office Building with Drive
For Sale
Contact for pricing
4099 Trueman Blvd, Hilliard, OH 43026
Standalone medical/office building with drive-thru in Hilliard, OH.
Property Size3,234 SF
Price / SF$276.75
Days on Market141
Property Features for 4099 Trueman Blvd
General Information
Standard status
Active
Size
3,234 SF
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
2005
Year Renovated
2017
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Roth Real Estate Group
(614) 371-5754
Listed By:
Andy Patton · License #Oh 2001021908
Source:
Crexi
Added: Mar 24
Changed: Aug 10
Last Checked: Aug 10 at 7:58AM
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 Roth Real Estate Group
Investment Insights
Based on property information with market context.
This standalone building in Hilliard, OH, offers 3,234 square feet of space suitable for medical or office use. A distinctive feature of this property is its drive-thru, potentially enhancing accessibility and convenience for certain business operations. The property is classified under medical office space, general office spaces, retail spaces, and other commercial real estate categories, offering versatility for various business models.
Key Highlights
- Standalone medical / office building
- Convenient drive thru access
- Located in Hilliard, OH
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,817
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$796,340
$796.3K
Cap Rate 7%
$568,814
$568.8K
Cap Rate 9%
$442,411
$442.4K
Market Conditions
NOI Build-Up for 3,234 SF
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.
Gross rent
$69.9K $21.60/SF
− Vacancy
−$16.8K −$5.18/SF
EGI
$53.1K $16.42/SF
− OpEx
−$13.3K −$4.10/SF
NOI
$39.8K $12.31/SF
Area
Franklin 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$796,340
Cap Rate 7%
$568,814
Cap Rate 9%
$442,411
Alternative Uses
Best Use
Office B
$568.8K
$497.7K – $663.6K
NOI $39,817 @ 7.0% cap · market cap 4.45%
Second Best
Healthcare Medical
$457.2K
$400.1K – $533.5K
NOI $32,007 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$659.3K
$576.9K – $769.2K
NOI $46,152 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43026, OH
64,607
Population
25,671
Households
2.5
Avg Household Size
35
Median Age
55%
College-Educated
96%
High-School Grad
35.3 sq mi
ZIP Area
1,830
Density / Sq Mi
$110,369
Median Household Income
$59,770
Median Earnings
$1,430
Median Rent
$324,300
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 - Standalone medical/office building with drive-thru in Hilliard, OH.
Where is this medical office space located?
The property is located at 4099 Trueman Blvd Hilliard, OH.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Standalone medical / office building; Convenient drive thru access; Located in Hilliard, OH
