Technical
Financial
Distress signals
Property profile

5300 Nike Dr Hilliard, OH 43026

OFF-MARKET
Medical Office Space
Property ID
US66-2308734
9,042 SF 2.8 ac lot Built 1994
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 5300 Nike Drive in Hilliard, Ohio, presents a compelling investment opportunity. The building encompasses a substantial 9,513 square feet, offering significant versatility for a variety of commercial uses. Situated on a lot with no acreage specified, the property benefits from its prime Hilliard location, providing excellent access to local amenities, transportation routes, and a thriving community. The asking price is $3,100,000. This represents a rare chance to acquire a substantial commercial property in a desirable market. The building's size and mixed-use zoning allow for considerable flexibility in terms of tenant mix and potential revenue streams. Further due diligence is encouraged to explore the full range of development and operational possibilities. Given the property's size and location, it is well-suited for a variety of business ventures, making it an attractive prospect for both seasoned investors and those seeking a significant commercial real estate acquisition. The absence of acreage does not detract from the property's value, given its strategic location and substantial building size. Interested parties are encouraged to contact the listing agent for further information and to schedule a viewing.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1994
Construction WOOD
Total area 9,042 SF
Lot 2.8 ac (122,099 SF)
APN 560-160647
UPID US66-2308734

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

5300 Nike Dr Hilliard, OH 43026-9813
Hilliard metro Census 7966 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.38M
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$465k

Owner & transaction history

since 2009
2 recorded transactions
2017
Price N/A
2009
$1.5M

Zoning & alternative use

Top alternative use upside
Office building $1.6M +16.7%
Auto repair, garage $1.5M +9.6%
Neighborhood: shopping center $1.5M +9.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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