Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    460 West Central Ave Delaware, OH 43015

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($4,037 /Mo)

    Suites available near Ohio Health Grady Memorial Hospital.

    Property size:
    3,461 SF
    Lot size:
    3,461 SF

    Property Features for 460 West Central Ave

    General Information

    Standard status
    Active
    Size
    3,461 SF

    We can help!

    Listing Contact
    Molly Leach
    Molly Leach
    Source: Cbre

    Listing Agent: Molly Leach

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical/Office Space Near Hospital

    Available for lease are two suites: Suite E at 460 West Central Avenue, offering 2,261 square feet, and Suite A at 454 West Central Avenue, providing 3,810 square feet. The 2,261-square-foot suite is a shell space and includes a generous tenant improvement allowance. Monument signage opportunities are available. The property is located two minutes from Ohio Health Grady Memorial Hospital on Ohio State Route 37.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eric Batterton DDS Dental Office David Hoang, MD Physician John S Wolfe ... Physician Dr. Erin K. ... Physician Hariklia Louvakis, MD Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Oakside Animal Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Delaware
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0840946
    Latitude
    40.3059404

    Nearby Similar for Lease

    • $12 SF/Yr
      31,536 SF

      Delaware, OH Commercial Space

      Office and warehouse space available for lease in Delaware, OH.
      1290 Us Highway 42 N, Delaware, OH 43015
      View Details
    • Sponsored
      Contact for pricing

      OH, Delaware - Winter St

      Discover many ways to work your way in Brookfield Square
      1 Winter St, Delaware, OH 43015
      View Details
    • $4,500 /Mo

      Delaware Industrial Warehouse with Office

      4,080 SF warehouse with 1,680 SF office on 0.75 acres.
      237 Curtis St, Delaware, OH 43015
      View Details
    • $800 /Mo

      Downtown Delaware Office Suites For Lease

      Two 500 SF office suites in vibrant downtown Delaware, OH.
      43 N Sandusky St, Delaware, OH 43015
      View Details
    • $1,250 /Mo

      Modern Office Space in Delaware

      Flexible office spaces in downtown Delaware with modern amenities.
      35 N Sandusky St, Delaware, OH 43015
      View Details
    • $4,500 /Mo

      Industrial Warehouse with Fenced Lot

      4,080 SF warehouse with 1,680 SF office space for lease.
      237 Curtis St, Delaware, OH 43015
      View Details
    • $10 SF/Yr
      3,000 SF

      Prime Retail Space Available

      Retail property for rent in a desirable downtown location.
      1-5 W Winter St, Delaware, OH 43015
      View Details
    • $1,325 /Mo
      918 SF

      Delaware Office Space For Rent

      Second floor office space with private balcony and open floorplan.
      23-25 W Winter St, Delaware, OH 43015
      View Details
    • $29 SF/Yr
      1,222 SF

      Renovated Retail and Office Space

      Retail, office, and restaurant spaces available in Delaware City.
      60 Lake St, Delaware, OH 43015
      View Details
    • $1,500 /Mo
      800 SF

      Professional Office Space Available

      Office suites available on the second floor of professional building.
      43 N Sandusky St, Delaware, OH 43015
      View Details
    • $14 SF/Yr
      915 SF

      Downtown Office Space with Balcony

      Move-in ready office space with balcony and downtown views.
      92-94 N Sandusky St, Delaware, OH 43015
      View Details
    • $600 /Mo

      Downtown Delaware Office Space Available

      Office space for lease in downtown Delaware, Ohio.
      48 N Sandusky St, Delaware, OH 43015
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Suites available near Ohio Health Grady Memorial Hospital.
    Where is this medical office space located?
    The property is located at 460 West Central Ave Delaware, OH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Located 2 minutes from Ohio Health Grady Memorial Hospital; - 454 Suite A - **3,810 SF available**; - 460 Suite E - **2,261 SF available**
    (614) 430-5022
    Request Owner's contact information
    460 West Central Ave Delaware, OH 43015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    460 West Central Ave
    Delaware, OH 43015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    460 West Central Ave Delaware, OH 43015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Molly Leach
    Molly Leach
    Real Estate License ID: 2009001866
    (614) 430-5022 (614) 224-1492
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!