4000 Indianola Ave Columbus, OH 43214
- Medical offices
- 3,780 SF
- 0.81 lot acres
Current Use by Public Records
- Kinetic Nutrition / Nutritionist
- Clinical Health Solutions / Weight Loss Service
- Same Day Dumpster Rental Columbus / Waste Management Service
- Spine & Sports Chiropractic / Chiropractor
- Kevin R. Kemp, DC / Chiropractor
Property Details for 4000 Indianola Ave
- Year built
- 1972
- Lot size
- 0.81 lot acres
- Property size
- 3,780 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 010-006599
- APU
- 10006599
Description
This exceptional 3,780-square-foot medical office building presents a unique investment opportunity in the desirable Clintonville neighborhood of Columbus, Ohio. Situated at 4000 Indianola Avenue, near Cooke Rd, and easily accessible via I-71 and the COTA bus line, this single-tenant property boasts unparalleled convenience for both patients and staff. The building features six medical office suites, each designed to accommodate a variety of healthcare practices. Suite sizes average 144 square feet for exam rooms, with larger options available, making it ideal for both established practices and new ventures. Ample parking is provided with over 30 spaces, addressing a significant need in this high-demand area. The property sits on a 0.81-acre lot (APN: 010-006599) and is currently offered for sale at $1.2 million. Individual office suites are also available for lease at a gross rate of $850 to $1000 per month. This property offers a blend of investment potential and immediate income generation, making it an attractive proposition for discerning buyers. The building's strategic location and well-designed layout combine to create a highly functional and appealing space for medical professionals. This is a rare opportunity to acquire a thriving medical office building in a thriving Columbus neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $300,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $350,000
- Mixed-Use
- $335,000
- Hospitality
- $350,000
- Educational
- $310,000
- Residential Income
- $290,000
- Energy
- $300,000
- Income-Based Land
- $280,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9994
- Latitude
- 40.0461
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA