Medical Office Building For
For Sale
$5,950,000
8000 Ravines Edge Ct, Columbus, OH 43235
Well-maintained medical office building with high occupancy and long-term tenants.
Property Size30,003 SF
Price / SF$198.31
Days on Market204
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Property Features for 8000 Ravines Edge Ct
General Information
Standard status
Active
Size
30,003 SF
Class
B
Property subtype
Office
Building Details
Building Size
30,003 SF
Year Built
1986
Listing Agency:
Alterra Real Estate Advisors
Listed By:
Bradford Kitchen, SIOR
(614) 327-4366
Source:
Alterrare
Added: Mar 26
Changed: Oct 7
Last Checked: Oct 14 at 9:50PM
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 Alterra Real Estate Advisors
Investment Insights
Based on property information with market context.
This commercial property features a mix of medical, office, and professional tenants, with high occupancy. A new 10-year medical lease is in place, and a Fortune 500 tenant has been in the property since 2012. The building includes an open, dramatic two-story glass lobby. Recent upgrades have been made to the property. The building is surrounded by a wooded setting with a walk/bike trail and is located less than 1 mile from the I-270/SR 23 interchange. The building has been repainted, and the main lobby has new restrooms and carpet on the first floor. The property size is 30003 square feet.
Key Highlights
- High occupancy with a new 10‑year medical lease
- Fortune 500 tenant in property since 2012
- Less than 1 mile to I‑270/SR 23 interchange
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$394,371
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,887,420
$7.9M
Cap Rate 7%
$5,633,871
$5.6M
Cap Rate 9%
$4,381,900
$4.4M
Market Conditions
NOI Build-Up for 30,003 SF
Gross rent
$651.7K $21.72/SF
− Vacancy
−$125.8K −$4.19/SF
EGI
$525.8K $17.53/SF
− OpEx
−$131.5K −$4.38/SF
NOI
$394.4K $13.14/SF
Area
ZIP 43235
Vacancy
19.31%
Lease Rate
$21.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,887,420
Cap Rate 7%
$5,633,871
Cap Rate 9%
$4,381,900
Alternative Uses
Best Use
Office B
$5.63M
$4.93M – $6.57M
NOI $394,371 @ 7.0% cap · market cap 6.63%
Second Best
Healthcare Medical
$4.47M
$3.91M – $5.21M
NOI $312,799 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$6.08M
$5.32M – $7.09M
NOI $425,311 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
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Business Placement
Demographics for 43235, OH
45,561
Population
20,855
Households
2.2
Avg Household Size
36
Median Age
59%
College-Educated
96%
High-School Grad
14.2 sq mi
ZIP Area
3,209
Density / Sq Mi
$86,758
Median Household Income
$54,814
Median Earnings
$1,412
Median Rent
$346,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained medical office building with high occupancy and long-term tenants.
Where is this office building located?
The property is located at 8000 Ravines Edge Ct Columbus, OH.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: High occupancy with a new 10‑year medical lease; Fortune 500 tenant in property since 2012; Less than 1 mile to I‑270/SR 23 interchange
