New search
Property profile & analytics
FOR LEASE
Office buildings
540 Officenter Pl, Columbus, OH 43230
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2331510
For Lease
1 / 7
$13 SF/Yr
540 Officenter Pl, Columbus, OH 43230
View Listing →
Property summary
AI-generated overview
This exceptional two-story medical office building, totaling 40,000 square feet, is situated in the desirable Gahanna submarket of Columbus, Ohio. The property, located at 540 Officenter Place, boasts a convenient location near the intersection of Officenter Place and Morrison Road, offering easy access to I-270 and I-670. Currently, there is 12,700 square feet of contiguous space available for lease, with a minimum divisible space of 3,118 square feet. The building features 153 parking spaces, elevators, and is zoned SO. Built in 1991, this Class B property sits on 2.57 acres and comprises three suites. The building enjoys a strong tenant mix, including established medical practices. Common area renovations are currently underway, enhancing the overall appeal and functionality of the space. This presents a unique opportunity for medical professionals seeking a well-located, well-maintained office space in a thriving community. The property's ample parking, convenient location, and existing medical tenant base make it an ideal choice for a variety of medical practices. The APN is 025-009411.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
40,323 SF
Lot
2.57 ac (112,080 SF)
APN
025-009411
UPID
US66-2331510
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 Rheumatology Officenter Gahanna Medical Clinic
-
Sky Heating & Air Conditioning HVAC Service General Contractor
-
Dr. Mark A. Bechtel, MD Physician Medical Clinic
-
Alisha N Plotner MD Physician Medical Clinic
-
Catherine G Chung MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.58M
Blend (final)
Blend
$3.80M
Owner & transaction history
Fi Re Fund 2 540 Officecenter LLC · 2 yrs held
Fi Re Fund 2 540 Officecenter LLC
since 2024
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.8M
+7.5%
Medical building
$5.4M
+0.2%
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
OFFICE BUILDING
$5,435,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,845,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$5,445,000
Change: +0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,360,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.80M
Range $3.42M – $4.17M · ±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
$94 / 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
$115,991
Tax year 2023
Assessed value
$1,398,400
Assessed 2023
Previous assessed
$1,617,010
-13.5% YoY
Effective rate
8.29%
On assessed value
Assessed land
$233,910
Assessed improvement
$1,164,490
Land market value
$668,300
Improvement market value
$3,327,100
Total market value
$3,995,400
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1991
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
40,323 SF
Lot
2.57 ac (112,080 SF)
APN
025-009411
UPID
US66-2331510
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
OFFICE BUILDING Current
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1991
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
2.57 ac
Current owner
From public records · entity-resolved
Fi Re Fund 2 540 Officecenter LLC
Entity
Mailing address
18218 HBR LGT BLVD, CORNELIUS, NC 28031-7791
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
—
Fi Re Fund 2 540 Officecenter LLC
Gfig Ohio One LLC
Limited Warranty Deed
$4,165,000 · Standard Insurance Co
Nov 8, 2023
—
Gfig Ohio One LLC
—
Deed
related
$3,300,000 · Kemba Financial Credit Union INC
Oct 17, 2013
$4,200,000
Gfig Ohio One LLC
Gahanna 540 LLC
Grant Deed
$2,900,000 · Bancorp Bank
Oct 25, 2005
$2,500,000
Gahanna 540 LLC
Bf 14 LP
Warranty Deed
$2,700,000 · Peoples Bank NA
Apr 24, 2000
—
Bf 14 LP
Drobnic,bernadine F
Grant Deed
related
—
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
