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Property profile & analytics
OFF-MARKET Estimated value $2,535,000
Office buildings

2000 Newark Granville Rd Granville, OH 43023-7009

16,262 SF 1.8 ac lot Built 2007
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US66-1749348
Property summary
AI-generated overview

This exceptional sublease opportunity presents a 19,456 square foot medical office space located at 2000 Newark Granville Road, Granville, Ohio 43023. Situated within the Offices at Cherrywood, this single-tenant building offers convenient access to both Granville and Newark. The property boasts a generous 1.8-acre lot and ample parking with 100 spaces. The interior is meticulously designed for medical use, featuring four exam rooms, two larger operating rooms equipped with sinks, a dedicated physician's office, a comfortable break area, a nurses' station, and substantial administrative space. Previously occupied by a dermatology practice, the space is move-in ready and well-suited for a variety of medical specialties. The current lease extends until January 2028, providing a subtenant with significant time to establish and expand their practice. The property's APN is 020-042348-01.127. This turnkey solution offers a rare opportunity to secure a prime medical office space in a thriving location. The building is conveniently located on Newark Granville Road. This is an ideal opportunity for a growing medical practice seeking a well-equipped and established space.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2007
Total area 16,262 SF
Lot 1.8 ac (78,408 SF)
APN 020-042348-01.127
UPID US66-1749348
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
  • Larrimer & Larrimer Law Firm
  • Hartshorn Todd W Insurance Agency
  • Jason M. Winterhalter, MD Pediatrician Physician
  • Patrick J. Scarpitti, M.D. Pediatrician Physician
  • Dr. David F. Geiss, DO Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.29M
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$2.54M
Owner & transaction history
Cherry Valley Professional Partners · 20 yrs held
Cherry Valley Professional Partners
since 2006
5 recorded transactions
2022
Price N/A
2022
Price N/A
2006
$375,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.2M +39.9%
Commercial (general) $1.6M +2.9%
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