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Property profile & analytics
FOR SALE
Medical Office Space
6503 E Broad St Columbus, OH 43213
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-2694371
For Sale
1 / 78
$2,150,000
6503 E Broad St, Columbus, OH 43213
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Property summary
AI-generated overview
This 10,490 square foot Class B medical office building, constructed in 2009 and renovated in 2019, is located at 6503 E Broad St, Columbus, OH 43213, in the Reynoldsburg submarket. The single-story building features multiple suites, with a minimum divisible space of 3,400 square feet and a maximum contiguous space of 10,490 square feet. Currently, there is one space available, totaling 10,490 square feet, ready for occupancy in July 2024. The property boasts extensive medical office features including 4 entrances, 19 exam rooms, 7 offices, 5 restrooms, a check-in/out area, a large waiting area, billing space, storage, a conference room, a nurse's station, and a breakroom. Amenities include prominent signage, private employee entrances, high-speed internet access, and a security system. Its convenient location provides easy access to major highways and public transportation. This exceptional property presents a unique opportunity for medical practices seeking a well-equipped and strategically located space.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
10,630 SF
Lot
1.12 ac (48,657 SF)
APN
010-287951
UPID
US66-2694371
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
-
Vascular Institute of Columbus Physician Medical Clinic
-
Building Blocks Pediatrics - Central Ohio Primary Care Pediatrician Medical Clinic
-
Dr. Lee E. Budin, MD Pediatrician Medical Clinic
-
Jennifer Whipp, DO Physician
-
Building Blocks Pediatrics: Julie Doering, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.40M
Owner & transaction history
Mejola Properties LLC · 9 yrs held
Mejola Properties LLC
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+17.4%
Apartment house (5+ units)
$1.5M
+7.4%
Office building
$1.5M
+1.3%
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%
$2,110,000
6.5%
$1,950,000
7%
$1,810,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,435,000
Current use
AUTO REPAIR, GARAGE
$1,685,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,540,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$1,455,000
Change: +1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,150,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$132 / 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
$76,847
Tax year 2023
Assessed value
$1,052,000
Assessed 2023
Previous assessed
$845,320
+24.4% YoY
Effective rate
7.30%
On assessed value
Assessed land
$306,530
Assessed improvement
$745,470
Land market value
$875,800
Improvement market value
$2,129,900
Total market value
$3,005,700
Applied tax rate
10.0000
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 Sale
Year built
2009
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
10,630 SF
Lot
1.12 ac (48,657 SF)
APN
010-287951
UPID
US66-2694371
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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
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
2009
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Mejola Properties LLC
Entity
Mailing address
5 FOX CHASE DR, MOUNT VERNON, OH 43050-8217
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2017
$2,226,200
Mejola Properties LLC
Eg Medical West LLC
Warranty Deed
$1,531,745 · Middlefield Bkng
Apr 26, 2012
—
Ed Medical West LLC
—
Deed Of Trust
related
$1,400,000 · First Bexley 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.
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