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Property profile & analytics
FOR LEASE
Medical Office Space
1797 Hill Rd N, Pickerington, OH 43147
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1614031
For Lease
1 / 3
$14 SF/Yr
1797 Hill Rd N, Pickerington, OH 43147
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Total area
10,910 SF
Lot
0.93 ac (40,511 SF)
APN
041-02413.16
UPID
US66-1614031
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. Kurt Ringle Pediatrician Physician
-
Athletico Physical Therapy - Pickerington Medical Clinic
-
Norman Schwartz Pediatrician Physician
-
Justin Kirchmer Physician
-
Natalie Mathews Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.33M
Owner & transaction history
Walkers Corner III LLC · 6 yrs held
Walkers Corner III LLC
since 2020
Last sale
$5.8M
5 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 Pickerington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pickerington 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
$5,120,000
ML approach
$4,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.33M
Range $4.79M – $5.86M · ±10% · vs last sale $5.83M (Apr 15 2020)
Last sale anchor
$5.83M
Apr 15 2020
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
$488 / 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
$40,086
Tax year 2023
Assessed value
$335,450
Assessed 2023
Previous assessed
$335,450
+0.0% YoY
Effective rate
11.95%
On assessed value
Assessed land
$110,600
Assessed improvement
$224,850
Land market value
$315,990
Improvement market value
$642,420
Total market value
$958,410
Applied tax rate
41.0000
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
1996
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
10,910 SF
Lot
0.93 ac (40,511 SF)
APN
041-02413.16
UPID
US66-1614031
Jurisdiction
FAIRFIELD
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
1996
Heating
YES
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Walkers Corner III LLC
Entity
Mailing address
11905 EPPING TRL, CHARDON, OH 44024-8849
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2020
—
Walkers Corner III LLC
Walkers Corner III LLC
Intrafamily Transfer
related
$1,392,660 · Wells Fargo Bank NA
Jul 18, 2019
—
Walkers Corner III LLC
—
Grant Deed
related
$9,750,000 · Wesbanco Bk
Jun 2, 2015
—
Walker S Corner III LLC
Turnberry Station LLC
Quit Claim Deed
related
—
Jun 2, 2015
$5,825,000
Walkers Corner III LLC
Turnberry Station LLC
Grant Deed
—
Jun 25, 2007
—
Turnberry Station LLC
Ddr Continental
Grant Deed
—
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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