7334 E Broad St, Blacklick, OH 43004

Building Details

Building Size 10,875 SF More

Listing Agency: Capitol Equities Realty

Listed By: Ed Fellows · License #OH SAL.2012001323 Show Phone

Source: Capitolequities

Added: Jul 26 Changed: Oct 26 Last Checked: Nov 6 at 7:19AM

Report an Issue

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 Capitol Equities Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The available suite is a first-generation, newly built office space featuring a flexible layout designed to accommodate a range of business and practice styles. It’s located within a single-story, multi-office property with a strong mix of medical-related tenants, and the building totals 10,875 square feet.

The property offers ample on-site parking for guests and staff and is located near Mt Carmel East Medical Campus.

This opportunity is positioned for tenants seeking a medical office environment within a property that already supports multiple medical practices.

Key Highlights

• Newly built, first‑generation office suite with a flexible multi‑office layout for many practice and business styles
• Single‑story 10,875 SF building with a strong mix of medical‑related tenants (tenant profiles available upon request)
• Located near Mt Carmel East Medical Campus

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$133,893

Cap Rate

5.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,677,860 $2.7M

Cap Rate 7%

$1,912,757 $1.9M

Cap Rate 9%

$1,487,700 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,875 SF

Gross rent

$234.9K $21.60/SF

− Vacancy

−$56.4K −$5.18/SF

EGI

$178.5K $16.42/SF

− OpEx

−$44.6K −$4.10/SF

NOI

$133.9K $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%

$2,677,860

Cap Rate 7%

$1,912,757

Cap Rate 9%

$1,487,700

Alternative Uses

Best Use

Office B

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,893 @ 7.0% cap · market cap 5.89%

Second Best

Healthcare Medical

$1.54M

$1.35M – $1.79M (±1% cap)

NOI $107,631 @ 7.0% cap · market cap 4.73%

Theoretical Best

Specialty Retail

$2.22M

$1.94M – $2.59M (±1% cap)

NOI $155,197 @ 7.0% cap · market cap 6.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Eastpoint Dental Dental Office George Robert A DDS Dental Office Eastpoint Dental: Jason ... Dental Office Dr. Joseph J. ... Physician Fred Sakamoto Dental Office

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Building Supply Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

155

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 43004, OH

29,982

Population

11,343

Households

2.6

Avg Household Size

35

Median Age

47%

College-Educated

91%

High-School Grad

12.5 sq mi

ZIP Area

2,399

Density / Sq Mi

$101,308

Median Household Income

$52,428

Median Earnings

$1,393

Median Rent

$297,500

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Franklin County, OH

$199 Jul

$188 Aug

$209 Sep

$195 Oct

Properties on Market for Medical Office Space in Franklin County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Similar Off Market Nearby

• Ingrid A. Schweinfurth, DVM — 295 Lancaster Ave, Reynoldsburg, OH 43068, United States
• Indian Creek Veterinary Hospital — 295 Lancaster Ave, Reynoldsburg, OH 43068
• Jonathan M. White, DVM — Veterinary Hospital, 295 Lancaster Ave, Reynoldsburg, OH 43068

Frequently Asked Questions

What type of property is this?

Medical Office Space - Newly built, single-story office suite with a flexible multi-office layout and ample on-site parking.

Where is this medical office space located?

The property is located at 7334 E Broad St Blacklick, OH.

What is the asking price?

The asking price for this property is $2,275,000.

What are key features of this property?

This property features: Newly built, first‑generation office suite with a flexible multi‑office layout for many practice and business styles; Single‑story 10,875 SF building with a strong mix of medical‑related tenants (tenant profiles available upon request); Located near Mt Carmel East Medical Campus