540 Officenter PlGahanna, OH 43230

Property Details for 540 Officenter Pl

Year built

1991

Lot size

2.57 AC

Property size (Sq ft)

40,323 SF

Property type

Office properties

Property subtype

Office buildings

APN

025-009411

APU

25009411

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,520,224

  6.5%

  $6,941,745

  7%

  $6,445,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,771,814

  Geo Method

  $3,771,814

• Alternative Use

  Use

  Valuation

  Residential

  $8,607,764

  Hospitality

  $7,884,666

  Educational

  $6,559,949

  Medical

  $6,785,556

  Retail

  $10,204,365

Location Insight

City

Gahanna

County

Franklin

State

Ohio

Latitude

40.0048

Longitude

-82.8611

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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