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Property profile & analytics
OFF-MARKET
Medical Office Space
117 Lazelle Rd Ste C Columbus, OH 43235-8605
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2414771
Property summary
AI-generated overview
This online auction presents three vacant commercial condominium units totaling 5,355 square feet at 117 E Lazelle Rd, Columbus, OH 43235. The property, built in 1986 and zoned CPD (Commercial Planned Development), features a main floor unit of 1,785 square feet and two upper-level units totaling 3,570 square feet. Previously used as a dentist's office, the layout includes a reception area (downstairs) and exam rooms (upstairs), offering flexibility for various uses, such as medical offices, professional services, or collaborative workspaces. The property boasts convenient on-site parking, supplemented by 25 reserved parking spaces across the street. The APN is 610-206487, 610-206488. This is a two-story building with excellent visibility and potential for owner-occupancy or investment. A 10% buyer's premium will be added to the final bid. This is a multi-unit offering.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Total area
1,785 SF
Lot
0.05 ac (2,178 SF)
APN
610-206487
UPID
US66-2414771
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
-
Dr. Sidney D. Price, DDS Dental Office
-
Dr. Vladimir M. Shapiro, DDS Dental Office
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Margello Development Co Construction Company
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Columbus Podiatry & Surgery Physician
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Marissa Bechtel, CNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sidney D Price · 5 yrs held
Sidney D Price
since 2020
Last sale
$330,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,610
Tax year 2023
Assessed value
$84,320
Assessed 2023
Previous assessed
$80,160
+5.2% YoY
Effective rate
9.03%
On assessed value
Assessed land
$33,320
Assessed improvement
$51,000
Land market value
$95,200
Improvement market value
$145,700
Total market value
$240,900
Applied tax rate
610.0000
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
Off-Market
Year built
1986
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
1,785 SF
Lot
0.05 ac (2,178 SF)
APN
610-206487
UPID
US66-2414771
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
Building & site characteristics
From public records
Year built
1986
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Sidney D Price
Individual
Mailing address
1468 DOGWOOD LOOP, POWELL, OH 43065-9012
Ownership since
2020
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
Nov 24, 2020
—
Sidney D Price
Sidney D Price
Quit Claim Deed
related
—
Dec 16, 2016
—
City Of Columbus Ohio
Price,sidney D & Patrice
Warranty Deed
—
Nov 1, 2002
$165,000
Sindey D Price
Gillett,esther
Grant Deed
—
—
—
Sidney D Price
—
Deed Of Trust
related
$223,000 · Park National Bank
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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