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5433 State Route 113 4,510 SF Office Building Bellevue, OH 44811 $554,733 CAD ($123.00 CAD/SF)
Executive Summary
Medical Office Investment Opportunity - 12.5%+ CAP Rate | Bellevue
Strong medical office investment opportunity featuring an updated office building situated on an attractive nearly 10-acre site with excellent visibility and access from RT 4 and RT 113. The property offers a 12.5%+ CAP rate with a 5-year lease that commenced June 1, 2025 and runs through May 31, 2030. Landlord is responsible for real estate taxes, insurance, and maintenance.
Currently operating as a medical office, the functional layout includes two waiting rooms, reception area with administrative office, nurses' station, nine exam rooms, physician office, three procedure rooms, lead-lined X-ray room, research room, kitchen/break room, four restrooms, and an IT/utility closet.
The site provides 40+ parking spaces for staff and patients and features dual access points from RT 4 and RT 113, offering convenient ingress and egress.
The building underwent a full office renovation in 2018, with new furnaces installed in 2024, providing investors a well-maintained asset with recent capital improvements.
Strong medical office investment opportunity featuring an updated office building situated on an attractive nearly 10-acre site with excellent visibility and access from RT 4 and RT 113. The property offers a 12.5%+ CAP rate with a 5-year lease that commenced June 1, 2025 and runs through May 31, 2030. Landlord is responsible for real estate taxes, insurance, and maintenance.
Currently operating as a medical office, the functional layout includes two waiting rooms, reception area with administrative office, nurses' station, nine exam rooms, physician office, three procedure rooms, lead-lined X-ray room, research room, kitchen/break room, four restrooms, and an IT/utility closet.
The site provides 40+ parking spaces for staff and patients and features dual access points from RT 4 and RT 113, offering convenient ingress and egress.
The building underwent a full office renovation in 2018, with new furnaces installed in 2024, providing investors a well-maintained asset with recent capital improvements.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,510 SF
Building Class
C
Year Built/Renovated
1968/2018
Price
$554,733 CAD
Price Per SF
$123.00 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,510 SF
Building FAR
0.02
Lot Size
4.44 AC
Zoning
Commercial (B-1) - Lyme Township - Commercial (B-1)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 4,510 SF
- Office
- -
- 120 Days
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 4,510 SF | Office | - | 120 Days |
1st Floor
| Size |
| 4,510 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| 120 Days |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 20-0020-02-034-0000 | Improvements Assessment | $84,237 CAD |
| Land Assessment | $26,518 CAD | Total Assessment | $110,755 CAD |
Property Taxes
Parcel Number
20-0020-02-034-0000
Land Assessment
$26,518 CAD
Improvements Assessment
$84,237 CAD
Total Assessment
$110,755 CAD
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5433 State Route 113
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