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Property profile & analytics
FOR LEASE
Medical Office Space
1100 Morse Rd Columbus, OH 43229
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US66-6156872
For Lease
1 / 27
$16 SF/Yr
1100 Morse Rd, Columbus, OH 43229
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Property summary
AI-generated overview
This exceptional Columbus, Ohio office space, located at 1100 Morse Road, offers 3,850 contiguous square feet within a larger 13,158 square foot, two-story Class B building. The space is part of a multi-tenant building with a total of seven suites. It boasts premium amenities including a private bathroom, galley kitchen, and dedicated conference room. Abundant natural light floods the space through floor-to-ceiling windows. Convenient access is ensured by a single elevator serving the building's two floors. Ample parking is available in a well-maintained lot. This high-visibility location on a busy Columbus street offers excellent foot traffic, making it ideal for businesses seeking growth and success. The space is suitable for coworking, creative office, or traditional office uses.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Total area
13,158 SF
Lot
1.39 ac (60,592 SF)
APN
010-134175
UPID
US66-6156872
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dominion Faith Ministries International Church Mosque
-
Nehal Psychiatric Group Medical Clinic
-
Sessions Beauty Boutique Nail Salon
-
Columbus Champion Delivery Freight Service Logistics Company
-
Belle Skin Experts Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.15M
Owner & transaction history
Rylee Ltd · 21 yrs held
Rylee Ltd
since 2005
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.9M
+7.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,775,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,905,000
Change: +7% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,420,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$87 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,113
Tax year 2023
Assessed value
$283,010
Assessed 2023
Previous assessed
$283,010
+0.0% YoY
Effective rate
7.81%
On assessed value
Assessed land
$129,150
Assessed improvement
$153,860
Land market value
$369,000
Improvement market value
$439,600
Total market value
$808,600
Applied tax rate
10.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1966
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
13,158 SF
Lot
1.39 ac (60,592 SF)
APN
010-134175
UPID
US66-6156872
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Rylee Ltd
Individual
Mailing address
PO BOX 14460, COLUMBUS, OH 43214-0460
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2005
$685,000
Rylee Ltd
Morse Road
Warranty Deed
$385,000 · Fahey Banking Co
—
—
Morse Road Co Ltd
—
Deed Of Trust
related
$390,000 · Fifth Third Bank Central Ohio
—
—
Morse Road Co Ltd
—
Deed Of Trust
related
$100,000 · Fifth Third Bank Central Ohio
—
—
Rylee Ltd
—
Deed Of Trust
related
$5,000,000 · Fahey Banking Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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