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    454-460 W Central Ave Delaware, OH 43015

    For Sale
    $4,600,000

    Office spaces available near Ohio Health Grady Memorial Hospital.

    Property size:
    2,261 SF
    Lot size:
    3.14 Acres

    Property Features for 454-460 W Central Ave

    General Information

    Size
    2,261 SF
    Lot size
    3.14 Acres

    Source: CBRE | Columbus Agent Molly Leach

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

    Overview

    Delaware Office Space For Sale

    Available office spaces range from 1,200 to 2,261 square feet at a rate of $14.00 per square foot NNN. The property offers directional signage opportunities and is ADA accessible. It is located two minutes from Ohio Health Grady Memorial Hospital on Ohio State Route 37, across from Grady Memorial Hospital. A generous tenant improvement allowance is available on the 2,261 square foot shell space. The sale price for 454 W Central is $1,400,000, with an estimated net operating income for 2023 of $51,714. The sale price for 460 W Central is $4,600,000, with an estimated net operating income for 2023 of $227,010. The combined sale price for 454-460 W Central is $5,600,000.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Delaware
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0839236
    Latitude
    40.3056062

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    FAQs

    What type of property is this?
    Office space - Office spaces available near Ohio Health Grady Memorial Hospital.
    Where is this office space located?
    The property is located at 454-460 W Central Ave Delaware, OH.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: - High estimated NOI: $227,010 for 460 W Central in 2023.; - Strategic location: **2 minutes from Ohio Health Grady Memorial Hospital.**; - Available space: 1,200 - 2,261 SF at $14.00/SF NNN.
    (614) 430-5022
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    Realmo Value Estimation

    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.

    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.

    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
    454-460 W Central Ave Delaware, OH 43015
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