Columbus Medical Office Building For
For Sale
$2,150,000
6503 E Broad St, Columbus, OH 43213
Single-story medical office building with two suites and ample parking.
Property Size10,490 SF
Lot Size1.12 Acres
Price / SF$204.96
Days on Market206
Property Features for 6503 E Broad St
General Information
Standard status
Active
Size
10,490 SF
Class
B
Lot size
1.12 Acres
Property subtype
Office
Building Details
Building Size
10,490 SF
Year Built
2009
Listing Agency:
NAI | Ohio Equities
(614) 701-8751
Listed By:
Andrew Green · License #439173
(614) 701-8751
Source:
Ohioequities
Added: Jan 27
Changed: Aug 11
Last Checked: Aug 21 at 5:00AM
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 NAI | Ohio Equities
Investment Insights
Based on property information with market context.
Located at 6503 E Broad Street in Columbus, this single-story medical office building, constructed in 2009, offers an investment or owner-occupant opportunity. The building has a total area of approximately 10,490 square feet and is divided into two suites: one of approximately 3,700 square feet and another of approximately 6,790 square feet. The 3,700 square foot suite is currently leased. The property features direct access from the parking lot, with 76 surface parking spaces available. It also includes private employee entrances, high-speed internet, and a security system. Building and monument signage are available. Situated on approximately 1.12 acres, the property provides easy access to I-270, which is within 1 mile, and I-70, which is approximately 4 miles away. The surrounding area is a bustling commercial corridor with numerous nearby amenities, including restaurants, retail shops, and professional services, making it suitable for establishing a business presence.
Key Highlights
- Investment or owner‑occupant opportunity in a ±10,490 SF medical office building.
- Excellent accessibility with direct access from parking lot with 76 surface parking spaces and easy access to I‑270 (1 mile).
- Currently configured as two suites (±3,700 SF leased and ±6,790 SF).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$125,074
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,501,480
$2.5M
Cap Rate 7%
$1,786,771
$1.8M
Cap Rate 9%
$1,389,711
$1.4M
Market Conditions
NOI Build-Up for 10,490 SF
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.
Gross rent
$226.6K $21.60/SF
− Vacancy
−$18.1K −$1.73/SF
EGI
$208.5K $19.87/SF
− OpEx
−$83.4K −$7.95/SF
NOI
$125.1K $11.92/SF
Area
Columbus, OH
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,501,480
Cap Rate 7%
$1,786,771
Cap Rate 9%
$1,389,711
Alternative Uses
Best Use
Healthcare Medical
$1.79M
$1.56M – $2.08M
NOI $125,074 @ 7.0% cap · market cap 5.82%
Second Best
Office B
$1.73M
$1.51M – $2.02M
NOI $121,194 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,032 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43213, OH
35,105
Population
17,069
Households
2.1
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
3,408
Density / Sq Mi
$53,908
Median Household Income
$37,753
Median Earnings
$1,107
Median Rent
$197,700
Median Home Value
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story medical office building with two suites and ample parking.
Where is this medical office space located?
The property is located at 6503 E Broad St Columbus, OH.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Investment or owner‑occupant opportunity in a ±10,490 SF medical office building.; Excellent accessibility with direct access from parking lot with 76 surface parking spaces and easy access to I‑270 (1 mile).; Currently configured as two suites (±3,700 SF leased and ±6,790 SF).
