1125 Yard StGrandview Heights, OH 43212

Property Details for 1125 Yard St

Year built

2018

Lot size

1.74 AC

Property size (Sq ft)

36,018 SF

Property type

Office properties

Property subtype

Office buildings

APN

030-003089

APU

30003089

Description

This exceptional two-story medical office building, totaling 34,100 square feet, presents a unique investment opportunity in Franklin County's Northwest UA/Grandview submarket. Situated on a 1.74-acre lot at 1125 Yard St, the property boasts a Class B designation and features a single building with convenient on-street parking, a surface lot, and an adjacent garage. Currently, 7,400 square feet of space is available for lease, offering significant potential for expansion or new tenancy. The building's design incorporates 16,600 square feet of ground-level retail space, ideal for medical-related businesses or complementary services. These retail spaces are enhanced by prominent storefronts, highly visible exterior signage, and attractive patio spaces on the end caps. The second floor comprises 17,500 square feet of office/medical space, providing ample room for various medical practices or administrative functions. The property's location and amenities make it an attractive option for medical professionals seeking a well-established and accessible location within a thriving community. The APN is 030-003089. This is a multi-tenant building offering a blend of retail and medical office space, presenting a strong opportunity for both investors and tenants. The available space provides a significant opportunity to establish or expand a medical practice in a high-visibility location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,913,596

  6.5%

  $6,381,780

  7%

  $5,925,939

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,369,124

  Geo Method

  $3,369,124

• Alternative Use

  Use

  Valuation

  Residential

  $7,913,408

  Hospitality

  $7,248,639

  Educational

  $6,030,782

  Medical

  $6,238,190

  Retail

  $9,381,217

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9834

Longitude

-83.0286

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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