Luxury Office Building with
5004 Hoover Rd Grove City, OH 43123
5004 Hoover Rd, Grove City, OH, 43123
$1,000,000
For Sale
$1,000,000
Beautifully maintained office building offering luxury office space, active security and fire alarm systems, and off-street parking.
Property Size3,230 SF
Price / SF$309.60
Days on Market203
Property Features for 5004 Hoover Rd
General Information
- Standard status
- Active
- Size
- 3,230 SF
Listing agency
Keller Williams Consultants Realty
(864) 497-7291
Listed by
Robert Mack
(864) 497-7291
Source
Exprealty
Added: Dec 31, 2025 Updated: Jul 21 at 5:03PM Checked: Jul 21 at 5:03PM
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 Keller Williams Consultants Realty
Investment Insights
Based on property information with market context.
This beautifully maintained office property offers luxury office space with an abundance of storage. The building is equipped with active security and fire alarm systems, and all utilities are working properly. Off-street parking supports tenant and visitor access.
Set on a 1.92-acre lot, the property features 270+ feet of frontage. The surrounding area includes residential and various schools, which can support strong visibility for office or medical-related use.
The property is SD2 zoned and is listed for sale as a flexible commercial office building suitable for a range of professional and medical operations.
Set on a 1.92-acre lot, the property features 270+ feet of frontage. The surrounding area includes residential and various schools, which can support strong visibility for office or medical-related use.
The property is SD2 zoned and is listed for sale as a flexible commercial office building suitable for a range of professional and medical operations.
Key Highlights
- 3230 SF luxury office space on a 1.92‑acre lot
- 270+ ft of prime frontage for high visibility
- Off‑street parking and an abundance of storage
Local Financial Insights For Office B
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 | $69.8k | $21.60 |
| − Vacancy | −$16.7k | −$5.18 |
| EGI | $53.0k | $16.42 |
| − OpEx | −$13.3k | −$4.10 |
| NOI | $39.8k | $12.31 |
3,230 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$568.1K
$497.1K – $662.8K
NOI $39,768 @ 7.0% cap · market cap 3.98%
Second Best
Healthcare Medical
$456.7K
$399.6K – $532.8K
NOI $31,968 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$658.5K
$576.2K – $768.3K
NOI $46,095 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
South Central Ohio ...
Association / Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Beautifully maintained office building offering luxury office space, active security and fire alarm systems, and off-street parking.
Where is this office building located?
The property is located at 5004 Hoover Rd Grove City, OH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3230 SF luxury office space on a 1.92‑acre lot; 270+ ft of prime frontage for high visibility; Off‑street parking and an abundance of storage
