10400 Blacklick Eastern RdPickerington, OH 43147

Property Details for 10400 Blacklick Eastern Rd

Year built

2004

Construction

STEEL FRAME

Lot size

1.35 AC

Property size (Sq ft)

16,337 SF

Property type

Office buildings

APN

041-06268.10

APU

410626810

Description

This exceptional 16,337 square foot commercial office building in Pickerington, Ohio, presents a lucrative investment opportunity. Situated on a 1.35-acre lot at 10400 Blacklick Eastern Road NW, this property boasts 100% occupancy with a diverse tenant mix. Current and former tenants include legal, real estate, medical, insurance, and financial services firms, as well as a retail salon and a highway maintenance company. The building's strategic location offers unparalleled accessibility, with convenient access to I-70 ensuring effortless commutes. A cross-easement agreement with neighboring properties provides easy ingress and egress from both Rt 204/Blacklick-Eastern Road and Yarmouth Road, benefiting from high daily traffic volume. The property's prime location is complemented by its proximity to a variety of amenities, including Marcus Cinema, Barnes & Noble, Starbucks, storage facilities, a fitness center, numerous restaurants, and other businesses, all within easy reach. The surrounding area is also experiencing significant development, further enhancing the property's long-term value and potential. This fully occupied, multi-tenant building represents a rare opportunity to acquire a high-performing commercial asset in a thriving location. The asking price is $2,925,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,843,770

  6.5%

  $2,625,018

  7%

  $2,437,517

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,528,163

  Geo Method

  $1,528,163

• Alternative Use

  Use

  Valuation

  Residential

  $3,255,023

  Hospitality

  $2,981,583

  Educational

  $2,480,642

  Medical

  $2,565,956

  Retail

  $3,858,777

Location Insight

City

Pickerington

County

Fairfield

State

Ohio

Latitude

39.9299

Longitude

-82.7823

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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