4000 Indianola AveColumbus, OH 43214

Property Details for 4000 Indianola Ave

Year built

1972

Lot size

0.81 AC

Property size (Sq ft)

3,780 SF

Property type

Medical offices

Property subtype

Medical centers

APN

010-006599

APU

10006599

Description

This exceptional 3,780-square-foot medical office building presents a unique investment opportunity in the desirable Clintonville neighborhood of Columbus, Ohio. Situated at 4000 Indianola Avenue, near Cooke Rd, and easily accessible via I-71 and the COTA bus line, this single-tenant property boasts unparalleled convenience for both patients and staff. The building features six medical office suites, each designed to accommodate a variety of healthcare practices. Suite sizes average 144 square feet for exam rooms, with larger options available, making it ideal for both established practices and new ventures. Ample parking is provided with over 30 spaces, addressing a significant need in this high-demand area. The property sits on a 0.81-acre lot (APN: 010-006599) and is currently offered for sale at $1.2 million. Individual office suites are also available for lease at a gross rate of $850 to $1000 per month. This property offers a blend of investment potential and immediate income generation, making it an attractive proposition for discerning buyers. The building's strategic location and well-designed layout combine to create a highly functional and appealing space for medical professionals. This is a rare opportunity to acquire a thriving medical office building in a thriving Columbus neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $731,553

  6.5%

  $675,280

  7%

  $627,046

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,581

  Geo Method

  $353,581

• Alternative Use

  Use

  Valuation

  Residential Income

  $837,347

  Hospitality / Lodging

  $767,006

  Institutional / Educational

  $638,140

  Healthcare / Senior Housing

  $660,086

  Retail / Commercial

  $992,662

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.0461

Longitude

-82.9994

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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