Medical Office
For Sale
Contact for pricing
555 W Schrock Rd, Westerville, OH 43231
Move-in-ready medical office condo with 8 exam rooms, a lab, reception area, and three back offices.
Property Size3,240 SF
Price / SF$183.64
Days on Market26
Property Features for 555 W Schrock Rd
General Information
Standard status
Active
Size
3,240 SF
Property subtype
OFFICE
Additional Details
Traffic Count
20,000 vehicles/day
Listing Agency:
SVN Wilson Commercial
(614) 944-5140
Listed By:
Doug Wilson · License ##0000350178
(614) 944-5140
Source:
Moodyscre
Added: Jul 7
Changed: Jul 26
Last Checked: Jul 26 at 11:40AM
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 SVN Wilson Commercial
Investment Insights
Based on property information with market context.
This move-in-ready professional medical office condominium is configured for exam and support uses. The suite includes eight exam rooms, a lab, a reception hall/room, three back offices, and a kitchen/break room. Restroom facilities include three total restrooms, comprising one private restroom and two public restrooms.
The purchase includes monument signage on Schrock Road and reported daily traffic counts of 20,000 VPD. The property is located in Westerville just north of 270, and the office address is subject to Columbus taxes.
The offering is a condo medical facility designed around multiple patient exam spaces with dedicated back-office and lab functions.
The purchase includes monument signage on Schrock Road and reported daily traffic counts of 20,000 VPD. The property is located in Westerville just north of 270, and the office address is subject to Columbus taxes.
The offering is a condo medical facility designed around multiple patient exam spaces with dedicated back-office and lab functions.
Key Highlights
- Move‑in‑ready professional medical office condominium
- 8 exam rooms plus a lab and reception area
- Includes 3 back offices, 1 kitchen/break room, and 3 restrooms (1 private, 2 public)
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 | $70.0k | $21.60 |
| − Vacancy | −$16.8k | −$5.18 |
| EGI | $53.2k | $16.42 |
| − OpEx | −$13.3k | −$4.10 |
| NOI | $39.9k | $12.31 |
3,240 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$569.9K
$498.6K – $664.9K
NOI $39,891 @ 7.0% cap · market cap 6.70%
Second Best
Healthcare Medical
$489.4K
$428.2K – $571.0K
NOI $34,259 @ 7.0% cap · market cap 5.76%
Theoretical Best
Warehouse
$653.0K
$571.4K – $761.9K
NOI $45,712 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43231, OH
22,126
Population
9,005
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
90%
High-School Grad
4.2 sq mi
ZIP Area
5,268
Density / Sq Mi
$75,096
Median Household Income
$37,882
Median Earnings
$1,127
Median Rent
$222,500
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.
Similar Off Market Nearby
- Cat Doctor — 6740 Cleveland Ave, Columbus, OH 43231
- Oak Creek Veterinary Hospital — 2303 Schrock Rd, Columbus, OH 43229
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready medical office condo with 8 exam rooms, a lab, reception area, and three back offices.
Where is this medical office space located?
The property is located at 555 W Schrock Rd Westerville, OH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Move‑in‑ready professional medical office condominium; 8 exam rooms plus a lab and reception area; Includes 3 back offices, 1 kitchen/break room, and 3 restrooms (1 private, 2 public)
