Technical
Financial
Distress signals
Property profile

1069 Delaware Ave Marion, OH 43302

FOR LEASE
Medical Office Space
Property ID
US66-3105716
1.49 ac lot Built 1995
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional medical office building offers three available suites ranging from 1,505 to 2,090 square feet, perfectly situated in Marion County, Ohio. The single-story building boasts excellent visibility and accessibility, enjoying prominent frontage on Delaware Parkway, conveniently located just outside OhioHealth Marion General Hospital. This strategic location ensures high patient traffic and strong brand recognition. The property features a desirable mix of co-tenants, including established medical practices such as OhioHealth, Children's Hospital, and primary care physicians, creating a collaborative and thriving medical environment. The building's single-story design provides easy navigation and accessibility for patients and staff. Potential tenants will benefit from the opportunity to customize their space with available tenant improvement options, allowing for the creation of a functional and aesthetically pleasing office environment tailored to their specific needs. This is an unparalleled opportunity to establish or expand a medical practice in a high-demand location with a strong existing medical community. The suites are available for lease, offering a flexible and adaptable space to meet the requirements of various medical specialties. Interested parties are encouraged to inquire for further details and leasing information. The property's prime location and established medical presence make it an ideal investment for healthcare professionals seeking a thriving and convenient location for their practice.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Lot 1.49 ac (64,861 SF)
APN 12-341020.0601
UPID US66-3105716

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
  • Medical Laboratory
  • Physician
  • Physician
  • Physician
  • Medical Clinic

Location

1069 Delaware Ave Marion, OH 43302
Marion metro Census 600 MARION, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.91M

Owner & transaction history

since 2021
Last sale
$3.5M
2 recorded transactions
2021
$3.5M
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message