Restored Office Building in
60 Hill Road S Pickerington, OH 43147
60 Hill Road S, Pickerington, OH, 43147
$295,000
For Sale
$295,000
Turn-of-the-century office building with excellent visibility in historic Pickerington.
Property Size1,686 SF
Price / SF$174.97
Days on Market918
Property Features for 60 Hill Road S
General Information
- Standard status
- Active
- Size
- 1,686 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1900
Listing Agency
N/A
(614) 559-3350
Listed by
Michael Berry
(614) 207-6434
Source
Xome
Added: Jan 11, 2024 Checked: Jul 15 at 9:21 pm
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 N/A
Investment Insights
Based on property information with market context.
This is a restored turn-of-the-century 2-story wooden classic office building with a finished basement. The property, zoned for office use, offers excellent visibility within the historic community area of Pickerington. The building has 1,638 square feet of space, including finished basement office spaces. Building and street-front post signage are available. The location provides close proximity to shops, services, and restaurants.
Key Highlights
- 100% Restored Turn‑of‑the‑Century Building: A unique and historically significant office space.
- Excellent Visibility in Historic Pickerington: Provides a prominent location.
- Zoned for Office Use: Ready for immediate business operations.
Local 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 | $36.2k | $21.48 |
| − Vacancy | −$9.1k | −$5.39 |
| EGI | $27.1k | $16.09 |
| − OpEx | −$6.8k | −$4.02 |
| NOI | $20.3k | $12.07 |
1,686 SF · lease $21.48/SF/yr · vacancy 25.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$290.6K
$254.3K – $339.1K
NOI $20,344 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$339.8K
$297.3K – $396.5K
NOI $23,787 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Turn-of-the-century office building with excellent visibility in historic Pickerington.
Where is this office building located?
The property is located at 60 Hill Road S Pickerington, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 100% Restored Turn‑of‑the‑Century Building: A unique and historically significant office space.; Excellent Visibility in Historic Pickerington: Provides a prominent location.; Zoned for Office Use: Ready for immediate business operations.
