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Property profile & analytics
FOR SALE
Medical Office Space
1973 East Main St, Lancaster, OH 43130
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-6111948
For Sale
1 / 10
$400,000
1973 East Main St, Lancaster, OH 43130
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
3,914 SF
Lot
0.69 ac (30,056 SF)
APN
053-40025.40
UPID
US66-6111948
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
-
Columbus Sleep Consultants Medical Clinic
-
Advanced Cardiovascular Services Medical Clinic Hospital
-
Dr. Guru Reddy, MD 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
Lancaster Real Estate LLC · 5 yrs held
Lancaster Real Estate LLC
since 2020
Last sale
$3,250
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$12,729
Tax year 2023
Assessed value
$140,500
Assessed 2023
Previous assessed
$140,500
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$38,920
Assessed improvement
$101,580
Land market value
$111,210
Improvement market value
$290,230
Total market value
$401,440
Applied tax rate
53.0000
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 Sale
Year built
1986
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
3,914 SF
Lot
0.69 ac (30,056 SF)
APN
053-40025.40
UPID
US66-6111948
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
1986
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Lancaster Real Estate LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1973 E MAIN ST, LANCASTER, OH 43130-9353
Mailing matches property
Yes
Owner-occupied
Yes
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
Dec 13, 2021
—
Lancaster Real Estate LLC
—
Deed
related
$293,000 · Pnc Bank NA
Oct 2, 2020
—
Lancaster Real Estate LLC
Columbus Sleep Consultants INC
Quit Claim Deed
related
—
Feb 12, 2018
$3,250
Columbus Sleep Consultants INC
Reddy Guru
Warranty Deed
$260,000 · Pnc Bank NA
Jun 30, 2017
$119,000
Guru Reddy
Alpine Park LP LLP
Warranty Deed
—
Feb 13, 2004
$290,000
Alpine Park Ltd
Koppera,subbarayudu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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