Office Building with
For Sale
$990,000
5004 Hoover Road, Grove City, OH 43123
Maintained office property with substantial storage, off-street parking, functioning utilities, and active security and fire alarm systems.
Property Size3,230 SF
Lot Size1.92 Acres
Price / SF$306.50
Days on Market272
Property Features for 5004 Hoover Road
General Information
Standard status
Active
Size
3,230 SF
Lot size
1.92 Acres
Property subtype
Mixed Use
Zoning
SD2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$12,297
Amenities
security system
fire alarm system
storage
Building Details
Building Size
3,230 SF
Year Built
2005
Listing Agency:
Keller Williams Consultants
(614) 395-9628
Listed By:
Lori Lynn · License #2002019169
(614) 395-9628
Source:
Camtaylor
Added: Nov 3, 2025
Changed: Aug 2
Last Checked: Aug 2 at 6:19AM
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
Investment Insights
Based on property information with market context.
Built in 2005, this office property provides 3,230 square feet of space on a 1.92-acre lot. The building includes substantial storage, off-street parking, functioning utilities, and active security and fire alarm systems. SD2 zoning is in place for the property.
The site offers 270+ feet of frontage and is surrounded by residential areas and various schools in Grove City, Ohio. Its configuration combines a dedicated office building with a sizable parcel and practical on-site features.
The site offers 270+ feet of frontage and is surrounded by residential areas and various schools in Grove City, Ohio. Its configuration combines a dedicated office building with a sizable parcel and practical on-site features.
Key Highlights
- 3,230‑square‑foot office building on a 1.92‑acre lot
- 270+ feet of frontage
- Built in 2005
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 4.02%
Second Best
Mixed Use
$467.2K
$408.8K – $545.1K
NOI $32,704 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$658.5K
$576.2K – $768.3K
NOI $46,095 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 43123, OH
66,188
Population
27,876
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
91%
High-School Grad
59.7 sq mi
ZIP Area
1,109
Density / Sq Mi
$87,883
Median Household Income
$49,747
Median Earnings
$1,279
Median Rent
$262,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Maintained office property with substantial storage, off-street parking, functioning utilities, and active security and fire alarm systems.
Where is this office building located?
The property is located at 5004 Hoover Road Grove City, OH.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 3,230‑square‑foot office building on a 1.92‑acre lot; 270+ feet of frontage; Built in 2005
