Remodeled Medical Office with Exam
For Sale
$550,000
416 Front, Marietta, OH 45750
Remodeled medical office with accessible features, parking, and a functional clinical layout.
Property Size3,780 SF
Days on Market105
Property Features for 416 Front
General Information
Standard status
Active
Size
3,780 SF
Total Parking Spaces
13
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,176
Building Details
Building Size
3,780 SF
Year Built
1973
Year Renovated
2013
Buildings
1
Listing Agency:
Advantage Real Estate
(740) 516-1774
Listed By:
Traci D Strahler Chichester · License #2001012898
(740) 516-1774
Source:
Carolgoffrealestate
Added: May 18
Changed: Aug 30
Last Checked: Aug 30 at 10:37AM
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 Advantage Real Estate
Investment Insights
Based on property information with market context.
Built in 1973, this medical office includes seven exam rooms, reception and workstation areas, a kitchen, utility room, and two handicap-accessible bathrooms. A handicap lift supports accessibility, while the partial basement with a man door provides additional storage or utility space. Major building upgrades in 2013 addressed the roof, plumbing, electrical systems, and infrastructure, followed by further interior improvements in 2024.
The property is located in downtown Marietta directly across from Muskingum Park, with alley access and a wrap-around driveway. On-site parking includes 13+ spaces, including two handicap parking spaces. The building is currently leased through April 2027.
The property is located in downtown Marietta directly across from Muskingum Park, with alley access and a wrap-around driveway. On-site parking includes 13+ spaces, including two handicap parking spaces. The building is currently leased through April 2027.
Key Highlights
- Seven exam rooms with reception and workstation areas
- Major 2013 upgrades included roof, plumbing, electrical, and infrastructure work
- Additional interior updates completed in 2024
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
$36,197
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
6.58%
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%
$723,940
$723.9K
Cap Rate 7%
$517,100
$517.1K
Cap Rate 9%
$402,189
$402.2K
Market Conditions
NOI Build-Up for 3,780 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
$60.3K $15.96/SF
− Vacancy
−$12.1K −$3.19/SF
EGI
$48.3K $12.77/SF
− OpEx
−$12.1K −$3.19/SF
NOI
$36.2K $9.58/SF
Area
Washington County, OH
Vacancy
20.00%
Lease Rate
$15.96 /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%
$723,940
Cap Rate 7%
$517,100
Cap Rate 9%
$402,189
Alternative Uses
Best Use
Office B
$517.1K
$452.5K – $603.3K
NOI $36,197 @ 7.0% cap · market cap 6.58%
Second Best
Healthcare Medical
$319.7K
$279.8K – $373.0K
NOI $22,382 @ 7.0% cap · market cap 4.07%
Theoretical Best
Mixed Use
$878.6K
$768.8K – $1.03M
NOI $61,504 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,156
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45750, OH
26,327
Population
12,690
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
106.8 sq mi
ZIP Area
247
Density / Sq Mi
$56,883
Median Household Income
$35,027
Median Earnings
$838
Median Rent
$177,600
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 - Remodeled medical office with accessible features, parking, and a functional clinical layout.
Where is this medical office space located?
The property is located at 416 Front Marietta, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Seven exam rooms with reception and workstation areas; Major 2013 upgrades included roof, plumbing, electrical, and infrastructure work; Additional interior updates completed in 2024
