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Property profile & analytics
FOR LEASE
Medical Office Space
641 Hill Rd N, Pickerington, OH 43147
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2091379
For Lease
1 / 2
$15 SF/Yr
641 Hill Rd N, Pickerington, OH 43147
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
13,982 SF
Lot
2.65 ac (115,434 SF)
APN
041-02475.81
UPID
US66-2091379
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
-
Cochran Group Law Firm Insurance Agency
-
Freedom Pharmacy Pharmacy
-
Mount Carmel Medical Group Pickerington Medical Clinic
-
Chelsea Lee Willis Pediatrician Physician
-
Buckeye Sports & Orthopedic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.51M
Owner & transaction history
Pickerington Medical Plaza LLC · 6 yrs held
Pickerington Medical Plaza LLC
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+79.0%
Auto repair, garage
$1.3M
+27.8%
Office building
$1.1M
+10.8%
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 Pickerington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pickerington 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
$1,030,000
Current use
COMMERCIAL (GENERAL)
$1,840,000
Change: +79% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,315,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: +11% · Conversion: Easy
RETAIL STORES
$1,120,000
Change: +9% · Conversion: Difficult
RESTAURANT
$980,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$925,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±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
$108 / 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
$103,935
Tax year 2023
Assessed value
$869,750
Assessed 2023
Previous assessed
$869,750
+0.0% YoY
Effective rate
11.95%
On assessed value
Assessed land
$207,430
Assessed improvement
$662,320
Land market value
$592,670
Improvement market value
$1,892,330
Total market value
$2,485,000
Applied tax rate
41.0000
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
1989
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
13,982 SF
Lot
2.65 ac (115,434 SF)
APN
041-02475.81
UPID
US66-2091379
Jurisdiction
FAIRFIELD
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
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$980,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$925,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1989
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
2.65 ac
Current owner
From public records · entity-resolved
Pickerington Medical Plaza LLC
Entity
Mailing address
6255 CORPORATE CTR DR, DUBLIN, OH 43016-8706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2020
$2,485,000
Pickerington Medical Plaza LLC
Pickerinton Medical LLC
Correction Deed
related
—
Dec 26, 2019
$2,485,000
Pickerington Medical Plaza LLC
Pickerington Medical LLC
Warranty Deed
$1,988,000 · Middlefield Bkng
Feb 10, 2006
—
641 Hill Road Dev Co LLC
Edwards James A
Quit Claim Deed
—
—
—
Pickerington Medical LLC
—
Deed Of Trust
related
$1,100,000 · Lasalle National Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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