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: Sep 3 Last Checked: Sep 7 at 6:10AM

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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

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 = 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

$190,618

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

5.61%

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%

$3,812,360 $3.8M

Cap Rate 7%

$2,723,114 $2.7M

Cap Rate 9%

$2,117,978 $2.1M

Market Conditions

NOI Build-Up for 18,722 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

$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 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%

$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.

Property Analytics

Property Profile

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 Hair Salon Dental Office 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

Questions? Ask Rey

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What type of property is this? Where is this medical centers located? What is the asking price? Find similar properties What are key features of this property?

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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