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    2876 Hilliard Rome Rd Hilliard, OH 43026
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    Property profile & analytics

    2876 Hilliard Rome Rd Hilliard, OH 43026

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    • Medical Office Space
    For Sale
    $810,000
    View Listing →
    Medical Office Building Opportunity For Sale
    $810,000
    10,000 SF

    Medical Office Building Opportunity

    New Class A medical office building suitable for various uses.

    2876 Hilliard Rome Rd, Hilliard, OH 43026
    View Listing
    Property ID
    US66-2117233
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Paul D. Gilbert MD / Physician
    • Michelle Buendia, MD / Pediatrician / Medical Clinic
    • Phyllis Polas, DO / Pediatrician / Medical Clinic
    • Mark Muresan, MD / Pediatrician / Medical Clinic
    • Emily Gray, MD / Physician

    Property Details for 2876 Hilliard Rome Rd

    Property type
    Medical Office Space
    Property subtype
    Office buildings

    Description

    -New Construction Of Class A Medical Office Buildings -Land Available for Sale, Ground Lease or Build to Suit -Single Story Configuration with two story options -Up to 10,000 SF of contiguous space available -Suitable for general office, medical or laboratory use -Great demographics: $75,000 median HH income within 3 miles -18,888 Vehicles per day on Hilliard Rome Road

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hilliard
    County
    Franklin
    State
    Ohio
    Longitude
    -83.15324
    Latitude
    40.0104

    Comparable in this City

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      Class A Medical/Office Building

      Two-story Class A medical/office building in Mill Run area.
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      Medical/Office Building with Drive Thru

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      Hilliard Office/Warehouse Multi-Tenant Property

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      29,733 SF

      Hilliard Industrial and Office Property

      Industrial property featuring warehouse, manufacturing, R&D, and office space.
      4601 Lyman Dr, Hilliard, OH 43026
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    Similar Nearby for Sale

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      Class A Medical/Office Building

      Two-story Class A medical/office building in Mill Run area.
      3535 Fishinger Blvd, Hilliard, OH 43026
      View Details
    • Contact for pricing
      3,234 SF

      Medical/Office Building with Drive Thru

      Standalone medical/office building with drive-thru in Hilliard, OH.
      4099 Trueman Blvd, Hilliard, OH 43026
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      Davidson Road Vacant Land

      4.61 acre vacant land ideal for flex office.
      4253 Davidson Rd, Hilliard, OH 43026
      View Details
    • Contact for pricing

      Class A Medical/Office Building

      Two-story Class A medical/office building in Mill Run area.
      3535 Fishinger Blvd, Hilliard, OH 43026
      View Details
    • $3,100,000
      7,493 SF

      Hilliard Office/Warehouse Multi-Tenant Property

      Multi-tenant office/warehouse with dock and drive-in access in Hilliard.
      4700 Northwest Pkwy, Hilliard, OH 43026
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      29,733 SF

      Hilliard Industrial and Office Property

      Industrial property featuring warehouse, manufacturing, R&D, and office space.
      4601 Lyman Dr, Hilliard, OH 43026
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      3,750 SF

      Hilliard Rome Road Office Building

      Class B office building with move-in ready medical suites.
      5508-5584 Hilliard Rome Rd, Hilliard, OH 43026
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    • $13 SF/Yr
      2,500 SF

      Move-In Ready Office and Medical

      Office and medical suites available for rent.
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      Hilliard Medical/Office Space Available

      Medical/Office space available for lease in Hilliard, Ohio.
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      55,000 SF

      Office Building Near Tuttle Crossing

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    • $12 SF/Yr
      4,967 SF

      Hilliard Office Space For Rent

      Office space available in Hilliard, Ohio with ample parking.
      5500-5514 Nike Dr, Hilliard, OH 43026
      View Details
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    Hilliard, OH 43026
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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