Medical Office
For Sale
Contact for pricing
6484 E Main St, Reynoldsburg, OH 43068
Fully leased healthcare property occupied by three named medical-service providers.
Property Size12,459 SF
Price / SF$205.96
Days on Market64
Property Features for 6484 E Main St
General Information
Standard status
Active
Size
12,459 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$179,639
Building Details
Year Built
1989
Buildings
2
Units
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Chris Lind · License #AZ SA627823000
(602) 687-6780
Source:
Crexi
Added: Aug 4
Changed: Oct 6
Last Checked: Oct 5 at 5:11PM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
Located at 6484 E Main St in Reynoldsburg, Ohio, this medical office property contains 12,459 square feet and was built in 1989. The building is fully leased to Novacare, Ivory Home Health, and Central Ohio Surgical Associates.
The property is situated in Reynoldsburg, a Columbus suburb within the Columbus metropolitan area. Its location places the medical office asset in central Ohio, with access to the surrounding communities served by the region’s healthcare providers.
The property is situated in Reynoldsburg, a Columbus suburb within the Columbus metropolitan area. Its location places the medical office asset in central Ohio, with access to the surrounding communities served by the region’s healthcare providers.
Key Highlights
- 12,459‑square‑foot medical office property
- 100 percent leased to Novacare, Ivory Home Health, and Central Ohio Surgical Associates
- Built in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,395
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,067,900
$3.1M
Cap Rate 7%
$2,191,357
$2.2M
Cap Rate 9%
$1,704,389
$1.7M
Market Conditions
NOI Build-Up for 12,459 SF
Gross rent
$269.1K $21.60/SF
− Vacancy
−$64.6K −$5.18/SF
EGI
$204.5K $16.42/SF
− OpEx
−$51.1K −$4.10/SF
NOI
$153.4K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,067,900
Cap Rate 7%
$2,191,357
Cap Rate 9%
$1,704,389
Alternative Uses
Best Use
Office B
$2.19M
$1.92M – $2.56M
NOI $153,395 @ 7.0% cap · market cap 5.98%
Second Best
Healthcare Medical
$1.76M
$1.54M – $2.06M
NOI $123,308 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$2.54M
$2.22M – $2.96M
NOI $177,802 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully leased healthcare property occupied by three named medical-service providers.
Where is this medical office space located?
The property is located at 6484 E Main St Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $2,566,000.
What are key features of this property?
This property features: 12,459‑square‑foot medical office property; 100 percent leased to Novacare, Ivory Home Health, and Central Ohio Surgical Associates; Built in 1989
