Windowed Office
New
For Sale
Contact for pricing
253 N State Street 101, Westerville, OH 43081
Nine windowed offices and two training rooms provide a flexible layout with kitchen, break room, and patio areas.
Property Size3,872 SF
Price / SF$0.00
Days on Market2
Property Features for 253 N State Street 101
General Information
Standard status
Active
Size
3,872 SF
Amenities
conference rooms
kitchen
coffee/wet bar
lab room
break room
outdoor patio
Listing Agency:
Hanna Commercial, LLC
(614) 888-3456
Listed By:
Julie Woodson · License #2016002723
(614) 506-0476
Source:
Maryhatem
Added: Oct 16
Last Checked: Oct 16 at 2:17PM
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 Hanna Commercial, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 253 N State Street, Suite 101, the office space totals approximately 3,872 square feet and is available for immediate occupancy. The layout includes nine offices with windows, two training or conference rooms, a kitchen with a separate coffee and wet bar, a lab or break room with a sink, and an outdoor patio. The sublease term runs through 7/31/2028.
The property is less than ½ mile from shopping and dining in Uptown Westerville. The lease includes gas, water, electric, sewer, and trash service, along with landscaping, snow removal, and maintenance of exterior and common areas.
The property is less than ½ mile from shopping and dining in Uptown Westerville. The lease includes gas, water, electric, sewer, and trash service, along with landscaping, snow removal, and maintenance of exterior and common areas.
Key Highlights
- Approximately 3,872 square feet available for immediate occupancy
- Nine offices with windows and 2 large training/conference rooms
- Kitchen, separate coffee/wet bar, lab or break room with sink, and outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,672
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,440
$953.4K
Cap Rate 7%
$681,029
$681.0K
Cap Rate 9%
$529,689
$529.7K
Market Conditions
NOI Build-Up for 3,872 SF
Gross rent
$83.6K $21.60/SF
− Vacancy
−$20.1K −$5.18/SF
EGI
$63.6K $16.42/SF
− OpEx
−$15.9K −$4.10/SF
NOI
$47.7K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,440
Cap Rate 7%
$681,029
Cap Rate 9%
$529,689
Alternative Uses
Best Use
Office B
$681.0K
$595.9K – $794.5K
NOI $47,672 @ 7.0% cap · market cap 317,813.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$789.4K
$690.7K – $921.0K
NOI $55,257 @ 7.0% cap · market cap 368,380.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 43081, OH
64,338
Population
28,457
Households
2.3
Avg Household Size
37
Median Age
54%
College-Educated
98%
High-School Grad
25.1 sq mi
ZIP Area
2,563
Density / Sq Mi
$90,336
Median Household Income
$55,015
Median Earnings
$1,434
Median Rent
$297,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Nine windowed offices and two training rooms provide a flexible layout with kitchen, break room, and patio areas.
Where is this office units located?
The property is located at 253 N State Street 101 Westerville, OH.
What are key features of this property?
This property features: Approximately 3,872 square feet available for immediate occupancy; Nine offices with windows and 2 large training/conference rooms; Kitchen, separate coffee/wet bar, lab or break room with sink, and outdoor patio
