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    4100 Horizons Dr Columbus, OH 43220

    Sponsored
    For Sale
    $5,599,000

    High-yield, 100% occupied medical office

    Property size:
    31,512 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 31,512 square foot, two-story Class B medical office building in Columbus, Ohio's affluent Upper Arlington. Boasting a 9% cap rate and a strong NOI of $505,568, this fully leased property features six tenants, including prominent names like Charles Schwab and Central Ohio Primary Care (COPC), the largest physician-owned primary care organization in the US. The building, constructed in 2001 and renovated in 2002, sits on a 2-acre lot with ample parking (153 spaces). The property benefits from built-in rent increases, offering significant future upside. Located in the Arlington Falls Office Park, the building enjoys high visibility and features modern amenities such as an elevator, electronic access control, and LED lighting. The property is zoned for Office and Research use within the City of Upper Arlington. The Net Rentable area is 30,676 square feet, with a price per square foot of $230.07. The asking price is $5,599,000. This stabilized, value-add investment offers a compelling return, with potential for further growth through annual rent bumps. The current property management is in place and their fees are factored into the provided NOI.

    Property Features for 4100 Horizons Dr

    General Information

    Property type
    Medical offices
    Square Feet
    31,512 SF
    Class
    B
    Lot Size
    87,120 SF

    Building Details

    Year Built/Renovated
    2001/2002
    Buildings
    1
    Stories
    2

    HighLights

    • Fully leased, 31,512 SF Class B medical office building in Upper Arlington, Columbus, OH, with a 9% cap rate and $505,568 NOI.
    • NOI projected to increase to $532,584 in year two and approximately 3% annually thereafter, due to built‑in rent increases.
    • Cap rate projected to increase to 9.5% in year two and 10% in year three.
    • 12‑15% cash‑on‑cash return in year one, projected to exceed 20% annually thereafter.
    • Acquisition price below replacement cost, offering significant upside potential.
    • Current property management in place; fees included in NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardiox Corporation Manufacturer Balanced Chiropractic Chiropractor Family Medicine North ... Medical Clinic Meyers Wealth Management Financial Planner Lowmovers Transportation Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1023109
    Latitude
    40.0631013

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    FAQs

    What type of property is this?
    Medical office - High-yield, 100% occupied medical office
    Where is this medical office located?
    The property is located at 4100 Horizons Dr Columbus, OH.
    What is the asking price?
    The asking price for this property is $5,599,000.
    What are key features of this property?
    This property features: Fully leased, 31,512 SF Class B medical office building in Upper Arlington, Columbus, OH, with a 9% cap rate and $505,568 NOI.; NOI projected to increase to $532,584 in year two and approximately 3% annually thereafter, due to built-in rent increases.; Cap rate projected to increase to 9.5% in year two and 10% in year three.
    Request Owner's contact information
    4100 Horizons Dr Columbus, OH 43220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4100 Horizons Dr Columbus, OH 43220
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