NOT LISTED FOR SALE

5797 Beechcroft Rd Columbus, OH 43229

Northgate Neighborhood

Estimated Value: $3,845,957

-- Bed
-- Bath
13,490 Sq Ft
$285/Sq Ft Est. Value

Last Sold March 20, 2019

Last sale price $1,975,000 $146 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $22,775/month

186 Days on Market

Highlights

  • 1.21 Acre Lot
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of March 2019

OFFICE/MEDICAL BUILDING FOR SALE!
The Beechcroft Medical Center is a rare opportunity for an investor to acquire an 100% leased medical office building located in Columbus, OH. The Seller currently occupies 72% the space for his dental practice The other 18% is occupied by an eye doctor and nurse practitioner. Long term NNN leases.

Last Agent to Sell the Property

Alex Marsh

The Robert Weiler Company License #2013002225 Listed on: 08/31/2018

Last Buyer's Agent

NON MEMBER

NON MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,682

Year Built

  • Built in 1973

Lot Details

  • 1.21 Acre Lot

Interior Spaces

  • 13,490 Sq Ft Home
  • 1-Story Property

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Operating Expense $50,180
  • Gross Income $225,986
  • Net Operating Income $175,806

Listing and Financial Details

  • Tenant pays for janitorial service
  • Assessor Parcel Number 010-102692-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,682

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Type: Office
  • Year Built: 1973
  • Tax Year: 2017
  • Property Sub-Type: Medical
  • Lot Size Acres: 1.21
  • Total Gross Income: 225986.0
  • Co List Office Phone: 614-221-4286
  • MLS Status: Closed
  • Reso Structure Type: Multi Tenant
  • Remarks Misc Hot Sheet Comments: price
  • Income Expenses Gross Income: 225986.0
  • Annual Expenses: 50180.0
  • Heat Fuel Gas4: Yes
  • Heat Type Forced Air2: Yes
  • General Property Info Building Sqft2: 13490.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Commercial
  • Stories: 1

Utilities

  • Heating: Forced Air

Lot Info

  • Parcel Number: 010-102692-00
  • Lot Size Sq Ft: 52707.6
  • Additional Parcels: No
  • Zoning Description: ARO

Rental Info

  • Tenant Pays: Janitorial Service

Multi Family

  • Net Operating Income: 175806.0
  • Annual Operating Expense: 50180.0

Tax Info

  • Tax Annual Amount: 23682.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Mar 18, 2019
Sold by
C3h Ltd
Bought by
Beechcroft Medical Llc
Seller's Agent
Alex Marsh
The Robert Weiler Company
Buyer's Agent
NON MEMBER
NON MEMBER OFFICE
List Price
$2,500,000
Sold Price
$1,975,000
Premium/Discount to List
-$525,000
-21%
Current Estimated Value
$3,845,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,870,957
Avg. Annual Appreciation
10.43%
Original Mortgage
$1,500,000
Outstanding Balance
$1,318,755
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$2,527,202

Purchase Details

Closed on
Dec 29, 2012
Sold by
Beechcroft Building Partners Llc
Bought by
C3h Ltd

Purchase Details

Closed on
Mar 16, 2007
Sold by
Beechcroft Building Partnership
Bought by
Beechcroft Building Partners Llc

Purchase Details

Closed on
Oct 30, 1984
Bought by
Beechcroft Building
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Beechcroft Medical Llc $1,975,000 Independent Title Box
C3h Ltd $925,000 None Available
Beechcroft Building Partners Llc -- Attorney
Beechcroft Building $6,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beechcroft Medical Llc $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2019 03/20/19 Sold $1,975,000 -21.0% $146 / Sq Ft
03/05/2019 03/05/19 Pending -- -- --
08/31/2018 08/31/18 For Sale $2,500,000 -- $185 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $31,259 $421,160 $110,950 $310,210
2023 $30,765 $421,155 $110,950 $310,205
2022 $51,840 $691,260 $64,720 $626,540
2021 $52,062 $691,260 $64,720 $626,540
2020 $51,705 $691,260 $64,720 $626,540
2019 $24,503 $297,510 $64,720 $232,790
2018 $24,331 $284,560 $64,720 $219,840
2017 $25,456 $284,560 $64,720 $219,840
2016 $27,230 $309,760 $64,720 $245,040
2015 $25,301 $309,760 $64,720 $245,040
2014 $25,017 $309,760 $64,720 $245,040
2013 $12,532 $309,750 $64,715 $245,035
Source: Public Records

Agents Affiliated with this Home

  • Alex Marsh

    Seller's Agent in 2019

    Alex Marsh

    The Robert Weiler Company

    (614) 245-2225

    25 Total Sales

    Alex Marsh
    Section Image

  • N

    Buyer's Agent in 2019

    NON MEMBER

    NON MEMBER OFFICE

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 218033124

Columbus and Central Ohio Regional MLS

APN: 010-102692

Ohio Franklin County Columbus 43229 Northgate

5797 Beechcroft Rd, Columbus, OH

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes