Medical Office Building For
8000 Ravines Edge Ct Columbus, OH 43235
8000 Ravines Edge Ct, Columbus, OH, 43235
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For Sale
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Well-maintained medical office building with high occupancy and long-term tenants.
Property Size30,003 SF
Price / SF$198.31
Days on Market568
Property Features for 8000 Ravines Edge Ct
General Information
- Standard status
- Active
- Size
- 30,003 SF
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing Agency
Alterra Real Estate Advisors
(520) 232-0200
Listed by
Bradford Kitchen · License #390306
Source
Crexi
Added: Dec 26, 2024 Checked: Jul 17 at 6:38 am
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $651.7k | $21.72 |
| − Vacancy | −$125.8k | −$4.19 |
| EGI | $525.8k | $17.53 |
| − OpEx | −$131.5k | −$4.38 |
| NOI | $394.4k | $13.14 |
30,003 SF · lease $21.72/SF/yr · vacancy 19.31% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Aaron Lee Boster, ...
Physician
The Boster Center for Multiple ...
Physician
Pro Bird Control ...
Bird Control Service
Harrison Title Co ...
Title Company
THE OVERCOMER FOUNDATION
Charitable Organization
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FAQs
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
