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Property profile & analytics
FOR LEASE
Medical Office Space
5175 Morse Rd, Columbus, OH 43230
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-1636377
For Lease
1 / 11
$15 SF/Yr
5175 Morse Rd, Columbus, OH 43230
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
WOOD
Total area
20,706 SF
Lot
2.03 ac (88,296 SF)
APN
025-011233
UPID
US66-1636377
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
-
Ohio State Stonybrook Gahanna Medical Clinic Physician
-
Ohio State Dermatology Stonybrook Gahanna Medical Group
-
Dr. Vishal Chitkara Dental Office
-
Small World Pediatrics - Central Ohio Primary Care Medical Clinic
-
Smith Jr Stephen P MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.66M
Owner & transaction history
5175 Morse Road LLC · 10 yrs held
5175 Morse Road LLC
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+17.4%
Apartment house (5+ units)
$3.0M
+7.4%
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,795,000
Current use
AUTO REPAIR, GARAGE
$3,285,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,000,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$2,790,000
Change: 0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,240,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
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
$111,067
Tax year 2023
Assessed value
$1,339,040
Assessed 2023
Previous assessed
$1,293,610
+3.5% YoY
Effective rate
8.29%
On assessed value
Assessed land
$248,330
Assessed improvement
$1,090,710
Land market value
$709,500
Improvement market value
$3,116,300
Total market value
$3,825,800
Applied tax rate
25.0000
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 Lease
Year built
2008
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Rooms
6
Bathrooms
1
Total area
20,706 SF
Lot
2.03 ac (88,296 SF)
APN
025-011233
UPID
US66-1636377
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
6
Bathrooms
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
5175 Morse Road LLC
Entity
Mailing address
77 E WILSON BRG RD STE #207, WORTHINGTON, OH 43085-2324
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2015
—
5175 Morse Road LLC
Pizzuti/stonybrook Medical Center L
Limited Warranty Deed
$3,400,000 · Union Savings Bank
Jun 13, 2008
—
Pizzuti Of Stonybrook Medical Cen
Pizzuti Builders LLC
Quit Claim Deed
—
Aug 30, 2007
$400,000
Pizzuti Builders LLC
Kring,brian D
Warranty Deed
—
Jun 10, 2003
—
Gahanna City (oh)
Kring,brian D
Quit Claim Deed
related
—
—
—
Brian D Kring
—
Deed Of Trust
related
$55,000 · National City Bank
—
—
Pizzuti Of Stonybrook Medical Cen
—
Deed Of Trust
related
$2,944,000 · Wesbanco Bank INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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