Medical Office
559 Bartson Rd, Fremont, OH 43420
For Sale
Contact for pricing
The adaptable floor plan can accommodate a one- or two-physician practice.
Property Size2,904 SF
Price / SF$172.18
Days on Market11
Property Features for 559 Bartson Rd
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Listing Agency:
Reichle | Klein Group
(419) 861-1100
Listed By:
Lynette Reichle, SIOR
(419) 794-1114
Source:
Moodyscre
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 7 at 8:57PM
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 Reichle | Klein Group
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Investment Insights
Based on property information with market context.
This 2,904-square-foot medical office in Fremont is well maintained and finished in neutral tones. Its flexible layout can support a one- or two-physician practice, with medical equipment available through a negotiable arrangement.
Parking is available at the property, and the address is 559 Bartson Rd.
Parking is available at the property, and the address is 559 Bartson Rd.
Key Highlights
- 2,904‑square‑foot medical office
- Floor plan suited to a one- or two‑doctor practice
- Medical equipment negotiable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,070
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,400
$561.4K
Cap Rate 7%
$401,000
$401.0K
Cap Rate 9%
$311,889
$311.9K
Market Conditions
NOI Build-Up for 2,904 SF
Gross rent
$52.3K $18.00/SF
− Vacancy
−$5.5K −$1.89/SF
EGI
$46.8K $16.11/SF
− OpEx
−$18.7K −$6.44/SF
NOI
$28.1K $9.67/SF
Area
Sandusky County, OH
Vacancy
10.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,400
Cap Rate 7%
$401,000
Cap Rate 9%
$311,889
Alternative Uses
Best Use
Healthcare Medical
$401.0K
$350.9K – $467.8K
NOI $28,070 @ 7.0% cap · market cap 5.61%
Second Best
Office B
$397.3K
$347.6K – $463.5K
NOI $27,809 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$548.0K
$479.5K – $639.4K
NOI $38,361 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 43420, OH
29,332
Population
13,876
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
94%
High-School Grad
136.3 sq mi
ZIP Area
215
Density / Sq Mi
$62,802
Median Household Income
$39,779
Median Earnings
$824
Median Rent
$142,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The adaptable floor plan can accommodate a one- or two-physician practice.
Where is this medical office space located?
The property is located at 559 Bartson Rd Fremont, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,904‑square‑foot medical office; Floor plan suited to a one- or two‑doctor practice; Medical equipment negotiable
