Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warehouse with Expandable Space Title is generated by Realmo AI

    209 Green Meadows Drive South, Lewis Center, OH 43035

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    14,400 sq ft warehouse expandable to 32,400 sq ft.

    Type:Industrial
    Property size:
    14,400 SF
    Added:
    Mar 25, 2026
    Days on Market:
    48
    Last Refresh:
    Mar 18 at 8:02 am

    Property Features for 209 Green Meadows Drive South

    General Information

    Standard status
    Active
    Size
    14,400 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Kilar Mariotti

    Listing agent Kilar Mariotti

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Kilar Mariotti

    HighLights

    • Prime north end location at Powell Rd & Rt 23 offering unparalleled accessibility.
    • 14,400 sq. ft building expandable to 32,400 sq. ft.
    • Enjoy 2,400 sq. ft of office space with abundant natural light.
    • Sturdy Butler building construction.
    • Standing seam metal roof.
    • Lasting durability and low maintenance.

    Overview

    This warehouse property is located in the north end area at the intersection of Powell Rd and Rt 23, providing convenient accessibility. The building offers 14,400 square feet of space, with the potential to expand to 32,400 square feet. Included within the structure is 2,400 square feet of office space that benefits from ample natural light. The building is a Butler construction, featuring a standing seam metal roof designed for durability and reduced maintenance.
    Location Intelligence

    Current Use by Public Records

    Champion Replacement Windows ... Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • CubeSmart Self Storage — 707 Enterprise Dr, Lewis Center, OH 43035

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Center
    County
    Delaware
    State
    Ohio
    Longitude
    -83.013338
    Latitude
    40.1530473

    Nearby Similar for Lease

    • $1,100/Mo

      Move-In Ready Office in Lewis Center

      Professional 775 SF office suite in a growing market.
      540 Enterprise Drive, Lewis Center, OH 43035
      View Details
    • $461,538 SF/Yr

      Lewis Center Flex Office/Warehouse Condo

      Versatile 3,200 SF flex space in Green Meadows Commerce Center.
      705 Radio Drive, Lewis Center, OH 43035
      View Details
    • $14 SF/Yr

      Office Building Near Polaris Parkway

      Two-story office building with flex space near Polaris Parkway.
      171 Green Meadows Drive South, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      High-Visibility Commercial Space For Lease

      Flexible retail, medical, or office space in Lewis Center.
      7953 Highfield Dr, Lewis Center, OH 43035
      View Details
    • $14 SF/Yr

      Polaris Flex Space For Rent

      Flex space near I-71 and Route 23 available for rent.
      8752-8958 Cotter St, Lewis Center, OH
      View Details
    • Contact for pricing

      Industrial Space with Tax Abatement

      Available industrial space with 32' clear height and tax abatement.
      7046 Green Meadows Drive, Lewis Center, OH, 43035
      View Details
    • $11 SF/Yr

      Office Space Near Polaris

      Office space for rent near Polaris with ample parking.
      640-676 Enterprise Dr, Lewis Center, OH
      View Details
    • Contact for pricing

      Office Space with Garage Storage

      Updated office space with rare garage storage near Polaris.
      640 Enterprise Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Retail Space in NorthPointe Plaza

      Open strip shopping center with frontage on US-23.
      106 Meadow Park Ave, Lewis Center, OH
      View Details
    • Contact for pricing

      Open Strip Shopping Center

      Open strip shopping center with frontage on US-23.
      118 Meadow Park Ave, Lewis Center, OH
      View Details
    • Contact for pricing

      Climate Controlled Warehouse Near I-71

      30,000 SF climate-controlled warehouse with ample parking and new roof.
      7603-7611 Green Meadows Dr, Lewis Center, OH
      View Details
    • Contact for pricing

      Warehouse, Office, and Flex Space

      Secure warehouse, office, and flex space for small businesses.
      7500 Green Meadows Dr, Lewis Center, OH 43035
      View Details

    FAQs

    What type of property is this?
    Warehouse - 14,400 sq ft warehouse expandable to 32,400 sq ft.
    Where is this warehouse located?
    The property is located at 209 Green Meadows Drive South Lewis Center, OH.
    What are key features of this property?
    This property features: Prime north end location at Powell Rd & Rt 23 offering unparalleled accessibility.; 14,400 sq. ft building expandable to 32,400 sq. ft.; **Enjoy 2,400 sq. ft of office space with abundant natural light.**
    (614) 430-5086
    We can help!
    Listing Contact
    Kilar Mariotti
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    209 Green Meadows Drive South, Lewis Center, OH, 43035
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!