Property profile

1450 Tussing Rd Pickerington, OH 43147

OFF-MARKET
Office buildings
Property ID
US66-1614035
11,574 SF 2.25 ac lot Built 1996
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a three-story, 11,574 square foot Class B office building located at 1450 Tussing Rd, Pickerington, Ohio 43147. The property sits on a 2.25-acre lot and was constructed in 1996. Currently operating under a single-tenant, Net Lease (NNN) agreement, this property offers a secure, passive income stream with a 7.00% cap rate. The building is 100% occupied, providing immediate cash flow. The lease extends to 2027, offering long-term stability for investors. This is a true triple-net lease, meaning the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance. The property is classified as both Traditional Office and Executive Office space, catering to a diverse range of potential tenants. The asking price for this turnkey investment is $2,600,000. This represents a compelling opportunity for investors seeking a stable, high-return investment in a desirable location within Fairfield County. The property's strong occupancy rate and long-term lease make it an attractive addition to any portfolio.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1996
Construction STEEL FRAME
Total area 11,574 SF
Lot 2.25 ac (98,010 SF)
APN 041-04675.50
UPID US66-1614035

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
  • Real Estate Agency
  • Real Estate Agency
  • Trade Show Venue (Bike/Boat/Book/etc) Store
  • Real Estate Agency
  • Real Estate Agency

Location

1450 Tussing Rd Pickerington, OH 43147-9499
Pickerington metro Census 32704 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.40M
Blend (final) Blend
$365k

Owner & transaction history

since 2014
2 recorded transactions
2014
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.3M +26.3%
Auto repair, garage $1.3M +24.4%
Commercial (general) $1.2M +17.2%

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
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