Restored Turn-of-the-Century Office
60 Hill Road S, Pickerington, OH 43147
For Sale
$295,000
Two-story office building with a finished basement, restored for office use, and street-front post and building signage available.
Property Size1,638 SF
Price / SF$180.10
Days on Market930
Property Features for 60 Hill Road S
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Amenities
building and street-front post signage
Building Details
Buildings
Stories
Construction
Listing Agency:
Best Corporate Real Estate
(614) 559-3350
Listed By:
Michael C Berry · License #2011000349
(614) 207-6434
Source:
Exprealty
Added: Apr 22, 2024
Changed: Oct 26
Last Checked: Nov 6 at 9:29AM
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 Best Corporate Real Estate
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Investment Insights
Based on property information with market context.
This restored turn-of-the-century two-story wooden office building includes finished basement office space and is zoned for office use. The property totals 1,638 SF, offering a classic interior layout across the main and basement levels.
Located at 60 Hill Rd S in Pickerington, the building benefits from excellent visibility in the historic community area. Building and street-front post signage are available to support tenant branding and wayfinding.
With office zoning and nearby retail, services, and restaurants, the space can support a range of professional users looking for a character-forward setting with established street presence.
Located at 60 Hill Rd S in Pickerington, the building benefits from excellent visibility in the historic community area. Building and street-front post signage are available to support tenant branding and wayfinding.
With office zoning and nearby retail, services, and restaurants, the space can support a range of professional users looking for a character-forward setting with established street presence.
Key Highlights
- Restored turn‑of‑the‑century two‑story wooden office building
- 1,638 SF total including finished basement office space
- Zoned for office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,765
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,300
$395.3K
Cap Rate 7%
$282,357
$282.4K
Cap Rate 9%
$219,611
$219.6K
Market Conditions
NOI Build-Up for 1,638 SF
Gross rent
$35.2K $21.48/SF
− Vacancy
−$8.8K −$5.39/SF
EGI
$26.4K $16.09/SF
− OpEx
−$6.6K −$4.02/SF
NOI
$19.8K $12.07/SF
Area
Fairfield County, OH
Vacancy
25.10%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,300
Cap Rate 7%
$282,357
Cap Rate 9%
$219,611
Alternative Uses
Best Use
Office B
$282.4K
$247.1K – $329.4K
NOI $19,765 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$330.1K
$288.9K – $385.2K
NOI $23,110 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
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Business Placement
Demographics for 43147, OH
45,281
Population
16,267
Households
2.8
Avg Household Size
38
Median Age
50%
College-Educated
97%
High-School Grad
29.9 sq mi
ZIP Area
1,514
Density / Sq Mi
$125,472
Median Household Income
$61,595
Median Earnings
$1,596
Median Rent
$315,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with a finished basement, restored for office use, and street-front post and building signage available.
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: Restored turn‑of‑the‑century two‑story wooden office building; 1,638 SF total including finished basement office space; Zoned for office use
