Medical Office
5138 NORWICH ST, Hilliard, OH 43026
For Sale
Contact for pricing
Former dental premises offer a layout suited to medical, dental, or professional office use.
Property Size4,790 SF
Price / SF$206.68
Days on Market11
Property Features for 5138 NORWICH ST
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Medical Specialty
Listing Agency:
Cushman & Wakefield - Columbus, Ohio
Listed By:
Evan Miller · License #OH 2014004794
(614) 827-1715
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 2:33PM
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 Cushman & Wakefield - Columbus, Ohio
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Investment Insights
Based on property information with market context.
This 4,790-square-foot medical office space was previously used as a dental office. Its layout supports medical, dental, or professional office occupancy.
The property is at 5138 Norwich Street in Hilliard, Ohio, less than a minute’s drive from Downtown Hilliard.
The property is at 5138 Norwich Street in Hilliard, Ohio, less than a minute’s drive from Downtown Hilliard.
Key Highlights
- 4,790 square feet of medical office space
- Former dental office at 5138 Norwich Street in Hilliard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,974
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,480
$1.2M
Cap Rate 7%
$842,486
$842.5K
Cap Rate 9%
$655,267
$655.3K
Market Conditions
NOI Build-Up for 4,790 SF
Gross rent
$103.5K $21.60/SF
− Vacancy
−$24.8K −$5.18/SF
EGI
$78.6K $16.42/SF
− OpEx
−$19.7K −$4.10/SF
NOI
$59.0K $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 Rate 5%
$1,179,480
Cap Rate 7%
$842,486
Cap Rate 9%
$655,267
Alternative Uses
Best Use
Office B
$842.5K
$737.2K – $982.9K
NOI $58,974 @ 7.0% cap · market cap 5.96%
Second Best
Healthcare Medical
$677.2K
$592.6K – $790.1K
NOI $47,407 @ 7.0% cap · market cap 4.79%
Theoretical Best
Specialty Retail
$976.5K
$854.5K – $1.14M
NOI $68,358 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Under-served
Demand for This Use
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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
$324,300
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Franklin County, OH
Properties on Market for Medical Office Space in Franklin County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Hilliard Veterinary Hospital — 5125 Cemetery Rd, Hilliard, OH 43026
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former dental premises offer a layout suited to medical, dental, or professional office use.
Where is this medical office space located?
The property is located at 5138 NORWICH ST Hilliard, 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: 4,790 square feet of medical office space; Former dental office at 5138 Norwich Street in Hilliard
