5300 Nike Dr, Hilliard, OH 43026-9813
- Medical Office Space
- 9,042 SF
- 2.80 lot acres
Current Use by Public Records
- Dr. Lucas D. Beeley, DO / Pediatrician / Physician
- Heather Dawn Hines, DO / Physician
- Megan Loveland Meyer, DO / Physician
- Victoria Katrina Powis, DO / Physician
- Steven Dale House, DO / Physician
Property Details for 5300 Nike Dr
- Year built
- 1994
- Construction
- WOOD
- Lot size
- 2.80 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 560-160647
- APU
- 560160647
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 27, 2017 | — | Nike Drive Holdings LLC An Ohio Lim | — | Deed · related | $1.4M · First Financial Bank |
| Jun 3, 2009 | $1,547,000 | Golden Unity LLC | 36 Fiesta Lane LLC | Warranty Deed | $1.1M · Us Bank NA |
Description
This exceptional mixed-use property, located at 5300 Nike Drive in Hilliard, Ohio, presents a compelling investment opportunity. The building encompasses a substantial 9,513 square feet, offering significant versatility for a variety of commercial uses. Situated on a lot with no acreage specified, the property benefits from its prime Hilliard location, providing excellent access to local amenities, transportation routes, and a thriving community. The asking price is $3,100,000. This represents a rare chance to acquire a substantial commercial property in a desirable market. The building's size and mixed-use zoning allow for considerable flexibility in terms of tenant mix and potential revenue streams. Further due diligence is encouraged to explore the full range of development and operational possibilities. Given the property's size and location, it is well-suited for a variety of business ventures, making it an attractive prospect for both seasoned investors and those seeking a significant commercial real estate acquisition. The absence of acreage does not detract from the property's value, given its strategic location and substantial building size. Interested parties are encouraged to contact the listing agent for further information and to schedule a viewing.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,490,000
- 6.5%
- $1,375,000
- 7%
- $1,280,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,773,000
- AI Estimate
- $974,000
Market price range: $848k - $1.93MMarket price range: $458k - $983k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,360,000 Current use
- OFFICE BUILDING
- $1,585,000 Change: +17% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,490,000 Change: +10% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,485,000 Change: +9% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,310,000 Change: -4% Conversion: Moderate
- RETAIL STORES
- $1,130,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Hilliard
- County
- Franklin
- State
- Ohio
- Longitude
- -83.1507
- Latitude
- 39.9955
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
