Medical Office
For Sale
$400,000
D-1355 W Main Street, Bellevue, OH 44811
Seven exam rooms and dedicated administrative areas support a medical-office layout.
Property Size3,017 SF
Price / SF$132.58
Days on Market12
Property Features for D-1355 W Main Street
General Information
Standard status
Active
Size
3,017 SF
Additional Details
Road Access
Yes
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$6,989
Listing Agency:
Berkshire Hathaway HomeServices Pro. - Sandusky
(419) 625-7888
Listed By:
Edward Haynes
(419) 217-6628
Source:
Exprealty
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 5:23PM
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 Berkshire Hathaway HomeServices Pro. - Sandusky
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Investment Insights
Based on property information with market context.
Configured for medical practice, this condominium has approximately 3,017 square feet on the main level. The layout includes seven patient and exam rooms, two private medical offices, a manager’s office, a reception and waiting area, and a medical records room. A second-floor area used for billing and records storage can be adapted for additional office or other professional space.
The property is near Firelands Health - The Bellevue Hospital and fronts US Route 20. Condominium association services cover exterior upkeep, lawn care, snow removal and salting, parking lot maintenance, and exterior signage. Immediate possession is available.
The property is near Firelands Health - The Bellevue Hospital and fronts US Route 20. Condominium association services cover exterior upkeep, lawn care, snow removal and salting, parking lot maintenance, and exterior signage. Immediate possession is available.
Key Highlights
- Approximately 3,017 square feet on the main level
- Seven patient and exam rooms, two private medical offices, and a manager’s office
- Second‑floor space previously used for billing and records storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,373
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,460
$727.5K
Cap Rate 7%
$519,614
$519.6K
Cap Rate 9%
$404,144
$404.1K
Market Conditions
NOI Build-Up for 3,017 SF
Gross rent
$66.3K $21.96/SF
− Vacancy
−$5.6K −$1.87/SF
EGI
$60.6K $20.09/SF
− OpEx
−$24.2K −$8.04/SF
NOI
$36.4K $12.06/SF
Area
Huron County, OH
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,460
Cap Rate 7%
$519,614
Cap Rate 9%
$404,144
Alternative Uses
Best Use
Office B
$528.4K
$462.4K – $616.5K
NOI $36,988 @ 7.0% cap · market cap 9.25%
Second Best
Healthcare Medical
$519.6K
$454.7K – $606.2K
NOI $36,373 @ 7.0% cap · market cap 9.09%
Theoretical Best
Specialty Retail
$627.1K
$548.7K – $731.6K
NOI $43,894 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44811, OH
12,698
Population
5,658
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
92%
High-School Grad
118.3 sq mi
ZIP Area
107
Density / Sq Mi
$64,453
Median Household Income
$41,317
Median Earnings
$743
Median Rent
$156,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Seven exam rooms and dedicated administrative areas support a medical-office layout.
Where is this medical office space located?
The property is located at D-1355 W Main Street Bellevue, OH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approximately 3,017 square feet on the main level; Seven patient and exam rooms, two private medical offices, and a manager’s office; Second‑floor space previously used for billing and records storage
