Standalone Executive Office
For Sale
Contact for pricing
379 W Olentangy St, Powell, OH 43065
Updated entry, private offices, collaborative workspace, meeting rooms, and hospitality amenities support a polished corporate setting.
Property Size7,822 SF
Price / SF$268.47
Days on Market89
Property Features for 379 W Olentangy St
General Information
Standard status
Active
Size
7,822 SF
Property subtype
OFFICE
Amenities
14 private executive offices
open collaborative zone
workstation area
2 state-of-the-art meeting rooms with 4K video conferencing
luxury entertainment lounge with gas fireplace and bar
modern updated entrance
Building Details
Construction
brick
Listing Agency:
RE/MAX Impact | Westerville
(614) 523-1000
Listed By:
Lorri Hughes Pritchard · License #395863
(614) 747-3710
Source:
Moodyscre
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 24 at 2:32PM
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 RE/MAX Impact | Westerville
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Investment Insights
Based on property information with market context.
This standalone office facility offers 7,822 square feet in an all-brick building with a formal, recently updated entry. The interior combines 14 private executive offices with open workstation areas and shared collaboration space, providing a mix of individual and team-oriented environments. Two meeting rooms include dual 4K video-conferencing systems for remote communication.
Additional improvements include an employee lounge with a gas fireplace, raised bar, and kitchen. Located in downtown Powell at 379 W Olentangy St, the property presents a corporate office setting with dedicated executive, conference, workroom, and hospitality areas.
Additional improvements include an employee lounge with a gas fireplace, raised bar, and kitchen. Located in downtown Powell at 379 W Olentangy St, the property presents a corporate office setting with dedicated executive, conference, workroom, and hospitality areas.
Key Highlights
- 7,822‑square‑foot standalone office facility
- All‑brick construction with a modern updated entrance
- 14 private executive offices plus open workstation areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,304
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,926,080
$1.9M
Cap Rate 7%
$1,375,771
$1.4M
Cap Rate 9%
$1,070,044
$1.1M
Market Conditions
NOI Build-Up for 7,822 SF
Gross rent
$169.0K $21.60/SF
− Vacancy
−$40.5K −$5.18/SF
EGI
$128.4K $16.42/SF
− OpEx
−$32.1K −$4.10/SF
NOI
$96.3K $12.31/SF
Area
Delaware 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%
$1,926,080
Cap Rate 7%
$1,375,771
Cap Rate 9%
$1,070,044
Alternative Uses
Best Use
Office B
$1.38M
$1.20M – $1.61M
NOI $96,304 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,358 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 43065, OH
44,829
Population
17,468
Households
2.6
Avg Household Size
41
Median Age
68%
College-Educated
98%
High-School Grad
28.1 sq mi
ZIP Area
1,595
Density / Sq Mi
$154,797
Median Household Income
$83,357
Median Earnings
$1,811
Median Rent
$451,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Updated entry, private offices, collaborative workspace, meeting rooms, and hospitality amenities support a polished corporate setting.
Where is this office building located?
The property is located at 379 W Olentangy St Powell, OH.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 7,822‑square‑foot standalone office facility; All‑brick construction with a modern updated entrance; 14 private executive offices plus open workstation areas
