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    Property profile & analytics

    6455 W Campus Oval New Albany, OH 43054

    • Medical offices
    • 46,480 SF
    • 5.92 lot acres
    For Lease
    View listing
    Last Sale
    Oct 13, 2021
    $1,550,000
    Value Estimations
    $1,580,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3827379
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 6455 W Campus Oval

    Year built
    2022
    Lot size
    5.92 lot acres
    Property size
    46,480 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    222-003104
    APU
    222003104

    Description

    This exceptional Class A medical office building, completed in late November 2022, presents a unique investment opportunity in the thriving New Albany, Ohio market. Located at 6455 W Campus Oval, this 46,316 square foot, two-story building offers a vacant space ready for immediate occupancy. The asking price is $13,000,000, translating to $285 per square foot. The property boasts a desirable 5.5/1000 parking ratio, providing ample parking for patients and staff with a total of 251 spaces. A covered front entrance ensures convenient patient drop-off, enhancing the overall patient experience. The building features approximately 14-foot high ceilings, creating a spacious and modern atmosphere. A full sprinkler system is in place for optimal safety, and a 150KW generator provides reliable backup power. Building and monument signage opportunities are available, providing excellent visibility and branding potential. This property is situated in Franklin County, Ohio, with the zip code 43054. The building's modern design and prime location make it an ideal investment for healthcare providers seeking a high-quality, well-equipped facility in a rapidly growing area. The entire building is currently vacant, offering immediate possession and the ability to customize the space to meet specific needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,460,000
      ML approach
      $1,765,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8187
    Latitude
    40.0991
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $248,626
    $745,300
    $2,406,040
    $3,151,340
    -
    $2,129,400
    $6,874,400
    $9,003,800

    Comparable in this City

    • Value Estimation
      $1,525,000
      11,530 SF

      5770 Hamilton Rd

      MEDICAL BUILDING • 11,530 SF
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      View Details
    • Value Estimation
      $805,000
      4,800 SF

      3033 Reynoldsburg New Albany Rd

      MEDICAL BUILDING • 4,800 SF
      3033 Reynoldsburg New Albany Rd, New Albany, OH 43054-8546
      View Details
    • Value Estimation
      $2,190,000
      15,909 SF

      5891 Zarley St

      MEDICAL BUILDING • 15,909 SF
      5891 Zarley St, New Albany, OH 43054-9754
      View Details
    • Value Estimation
      $8,955,000
      54,526 SF

      150 Main St

      MEDICAL BUILDING • 54,526 SF
      150 Main St, New Albany, OH 43054-9229
      View Details
    • Value Estimation
      $2,930,000
      17,840 SF

      153 Main St

      MEDICAL BUILDING • 17,840 SF
      153 Main St, New Albany, OH 43054-9224
      View Details
    • Value Estimation by Request
      59,940 SF

      5040 Frst Dr

      MEDICAL BUILDING • 59,940 SF
      5040 Frst Dr, New Albany, OH 43054-8167
      View Details

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    Similar Nearby for Lease

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      New Class A Office Space

      Class A office space for lease in New Albany, OH.
      6455 W Campus Oval, New Albany, OH 43054
      View Details
    • $21 SF/Yr
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      Gahanna Office Space For Lease

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    • $21 SF/Yr
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      Renovated Class A Office Space

      Class A office space for lease in New Albany, Ohio.
      6525 W Campus Oval, New Albany, OH 43054
      View Details
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    New Albany, OH 43054
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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