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2656 N Columbus St Lancaster, OH 43130

Medical Office Space Google Maps
19,800 SF 1.83 ac lot Built 2021
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$440k
Range $396k – $484k (±10%)
Property ID US66-0228353

Property summary

AI-generated overview

This exceptional single-tenant medical office building, completed in 2022, offers 4,100 square feet of versatile space in Lancaster's thriving business corridor. Ideally situated near major retail, restaurants, auto dealerships, other medical facilities, and FMC hospital, this property boasts unparalleled convenience and accessibility. The building sits on a 1.83-acre lot and provides ample parking with 71 spaces. On-site management ensures seamless operations. Flexible lease options are available, with build-to-suit capabilities catering to specific tenant requirements. Current spaces range from 240 to 3,000 square feet. The rental rate is $14.00 per square foot, plus a common area maintenance (CAM) fee of $2.50 per square foot. Utilities are separately metered and paid by the tenant. The property's APN is 05-32003-661, located in Fairfield County, and its address is 2656 N Columbus Street, with a cross street of Ety Road. This prime location and modern amenities make this an exceptional opportunity for medical professionals seeking a high-quality, well-situated office space. The building consists of one suite, offering a cohesive and efficient workspace. The build-to-suit option allows for complete customization to meet the unique needs of the tenant. The combination of convenient location, ample parking, and flexible lease terms makes this property a highly desirable investment.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2021
Total area 19,800 SF
Lot 1.83 ac (79,802 SF)
APN 053-20036.61
UPID US66-0228353

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
  • Physician Medical Clinic
  • Physician
  • Medical Clinic
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k

Owner & transaction history

since 2020
Last sale
$500,000
5 recorded transactions
2021
Price N/A
2021
Price N/A
2020
$500,000
2018
$250,000
2009
$125,000

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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