Entity Owned Property summary
AI-generated overview
This exceptional medical office building, located at 1000 E. Broad St, Columbus, OH 43215, offers 7,488 square feet of immediately available space on the second floor. The 22,464 square foot, two-story Class C building, constructed in 1975, sits on 1.22 acres and boasts a strong tenant mix including Ohio Health Center Clinic, Bowen Dental, Clinic Pharmacy, and Industry Labs, ensuring high patient traffic and referral opportunities. The property features 77 parking spaces, convenient bus stop access, and easy I-71 freeway access. New ownership has initiated significant capital improvements, including a new building exterior and elevator upgrades. Available spaces range from 1,413 to 7,488 square feet, ideal for a variety of medical practices. The building includes one elevator. This is a multi-tenant property. The property is located in a high-traffic area with excellent visibility and accessibility. This presents a unique opportunity to establish or expand a medical practice in a thriving Columbus location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Total area
22,464 SF
Lot
0.71 ac (30,797 SF)
APN
010-056326
UPID
US66-1603894
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gas Station
-
Dental Office
-
Pediatrician Physician
-
Trucking Company
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.75M
Owner & transaction history
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$3.6M
+17.4%
Apartment house (5+ units)
$3.3M
+7.4%
Office building
$3.2M
+5.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.75M
Value range
$2.48M – $3.03M
±10% around blend
Estimated value / SF
$122 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$2.48M
blend $2.75M
$3.03M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,464 SF
Lot area
0.71 ac
Year built
1975
Stories
2
APN
010-056326
Assessed value
$671,830
Annual tax
$49,076
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.05M
Range $2.05M – $4.35M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.75M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 81 sales
$135
-9%
County 131 sales
$150
-19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $122/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+17%
vs current-use indication
Apartment House (5+ Units)
Office Building
Medical Building · current use
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
9.70%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.70%
9.0%
NOI (est.)
$187k *
Last sale · Dec 2023
$2.67M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.92M
Move the market yield to see immediate price impact.
Value / SF
$86
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.20%9.70%10.20%
$168k
$1.83M
$1.73M
$1.65M
$187k
$2.03M
$1.92M
$1.83M
$205k
$2.23M
$2.12M
$2.01M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$49,076
Tax year 2023
Assessed value
$671,830
Assessed 2023
Previous assessed
$652,620
+2.9% YoY
Effective rate
7.30%
On assessed value
Assessed land
$157,820
Assessed improvement
$514,010
Land market value
$450,900
Improvement market value
$1,468,600
Total market value
$1,919,500
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1975
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
22,464 SF
Lot
0.71 ac (30,797 SF)
APN
010-056326
UPID
US66-1603894
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.71 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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