3617 Heritage Clb Dr Hilliard, OH 43026-1313
- Medical offices
- 7,416 SF
- 1.27 lot acres
Current Use by Public Records
- Hilliard Family Health / Medical Clinic / Family Practice Physician
- Hilliard Outpatient Services Center / Doctor
- Mount Carmel Medical Group Hilliard Heritage Club Drive / Medical Center
- Tina Lee, MD / Family Practice Physician / Doctor
- Rachel Story Rogan / Family Practice Physician
Property Details for 3617 Heritage Clb Dr
- Year built
- 1997
- Construction
- WOOD
- Lot size
- 1.27 lot acres
- Property size
- 7,416 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 050-008175
- APU
- 50008175
Description
This exceptional 7,416 square foot medical office building, located at 3617 Heritage Club, presents a unique investment opportunity. Established in 1997, this single-tenant property boasts a prime location within a high-density, high-demographic residential community on the west side of Columbus. The building's prominent position provides excellent visibility, thanks to large monument signage facing Heritage Club Drive, easily seen from Main Street. The current layout is well-suited for a medical practice, featuring 15 exam rooms, four private offices, a spacious lobby and administrative areas, two large nurses' stations, and four restrooms, along with ample storage space. The property's long-standing presence in the community and its functional design make it an attractive option for established medical practices or those seeking to expand their operations. The single-tenant occupancy simplifies management and provides a stable income stream. This property offers a blend of established success and significant potential for future growth within a thriving residential area. The building's size and layout provide flexibility for a variety of medical specialties. The high visibility ensures strong patient traffic and brand recognition. This is a rare opportunity to acquire a well-established and highly visible medical office building in a desirable location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,225,000
- 6.5%
- $1,130,000
- 7%
- $1,050,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $649,000
Market price range: $376k - $806k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,115,000 Current use
- OFFICE BUILDING
- $1,300,000 Change: +17% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,225,000 Change: +10% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,215,000 Change: +9% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,075,000 Change: -4% Conversion: Moderate
- RETAIL STORES
- $925,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Hilliard
- County
- Franklin
- State
- Ohio
- Longitude
- -83.1627
- Latitude
- 40.0255
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
