Building Details

Year Built 2000

Buildings 1

Stories 2

Listing Agency: Platz Realty Group

Listed By: Don Thomas · License #OH Show Phone

Source: Crexi

Added: Jul 3 Changed: Oct 15 Last Checked: Oct 23 at 6:01AM

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 Platz Realty Group

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.

This well maintained medical office building features two levels plus a full basement. The property is situated on more than six acres of land and is described as having repurposing potential for different use types, including residential, commercial, and medical applications.

The building is located in Columbiana, Ohio, with easy access to SR 11 and close proximity to western Pennsylvania, supporting convenient regional access.

The overall configuration includes the main two-story space along with basement area, providing flexibility for existing operations and future adaptation as allowed by applicable requirements.

Key Highlights

• Well maintained medical building built in 2000
• Two levels plus a full basement
• Sited on more than 6 acres of land

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$190,618

Cap Rate

5.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,812,360 $3.8M

Cap Rate 7%

$2,723,114 $2.7M

Cap Rate 9%

$2,117,978 $2.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,722 SF

Gross rent

$355.0K $18.96/SF

− Vacancy

−$37.3K −$1.99/SF

EGI

$317.7K $16.97/SF

− OpEx

−$127.1K −$6.79/SF

NOI

$190.6K $10.18/SF

Area

Columbiana County, OH

Vacancy

10.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,812,360

Cap Rate 7%

$2,723,114

Cap Rate 9%

$2,117,978

Alternative Uses

Best Use

Healthcare Medical

$2.72M

$2.38M – $3.18M (±1% cap)

NOI $190,618 @ 7.0% cap · market cap 5.61%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$15.81M

$13.84M – $18.45M (±1% cap)

NOI $1,107,021 @ 7.0% cap · market cap 32.61%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Columbiana Family Care ... Pediatrician Rachel Fender Physician Austin Creer Physician Lorraine Cresanto Physician Beth Earles Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Parking Lot & Garage Pharmacy

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

135

Businesses Nearby

Explore this area Business Placement

Demographics for 44408, OH

10,526

Population

5,079

Households

2.1

Avg Household Size

48

Median Age

33%

College-Educated

95%

High-School Grad

35.6 sq mi

ZIP Area

296

Density / Sq Mi

$71,205

Median Household Income

$41,181

Median Earnings

$681

Median Rent

$197,400

Median Home Value

Frequently Asked Questions

What type of property is this?

Medical center - Well maintained two-level medical building with a full basement, sited on more than six acres.

Where is this medical center located?

The property is located at 750 E Park Ave Columbiana, OH.

What is the asking price?

The asking price for this property is $3,395,000.

What are key features of this property?

This property features: Well maintained medical building built in 2000; Two levels plus a full basement; Sited on more than 6 acres of land