Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Westerville Medical Office Building For Sale Title is generated by Realmo AI

    444 N Cleveland Ave, Westerville, OH 43082

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

    Three-story medical office building on Westerville's 'Medical Mile'.

    Type:Office
    Property size:
    41,739 SF
    Added:
    Jan 27, 2026
    Days on Market:
    109
    Last Refresh:
    Apr 5 at 11:38 pm

    Property Features for 444 N Cleveland Ave

    General Information

    Standard status
    Active
    Size
    41,739 SF
    Property subtype
    Office

    Building Details

    Year Built
    2002

    Properties For Sale

    at 444 N Cleveland Ave Contact us

    We can help!

    Listing Contact
    Philip Bird, SIOR

    Listing agent Philip Bird, SIOR

    Listing office NAI Ohio Equities

    Listing date Jan 27, 2026

    Source Ohioequities

    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 NAI Ohio Equities

    HighLights

    • Prime location on Westerville's 'Medical Mile'
    • Close proximity to St. Ann’s Hospital and Ohio Health Medical Campus
    • ±41,739 SF, 3‑Story Medical Office Building
    • Ample Parking with a 5:1000 ratio
    • Convenient access on traffic light corner
    • Access to I‑270 and I‑71

    Overview

    The Westar Medical Office building, a three-story structure with approximately 41,739 square feet, is available for sale. It occupies a prominent location on Westerville's 'Medical Mile', offering convenient access from a traffic light corner and ample parking at a ratio of 5 spaces per 1000 square feet. The building provides easy access to I-270 and I-71. Monument signage opportunities are available. The property is located close to St. Ann’s Hospital and the Ohio Health Medical Campus, making it suitable for medical practices and related services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mount Carmel Rehab ... Medical Clinic Westar Ob Gyn Medical Clinic Dr. Alan J. ... Physician Riverside Hearing Services Medical Clinic Mount Carmel Heart ... Medical Clinic

    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

    • GoodVets Polaris — 412 Polaris Pkwy, Westerville, OH 43082

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9467
    Latitude
    40.1379

    Nearby Similar for Sale

    • $2,700,000
      16,800 SF

      Westerville Office and Warehouse Space

      Office and warehouse spaces available for lease in Westerville, OH.
      8692-8724 Olde Worthington, Westerville, OH
      View Details
    • $2,473,000
      9,644 SF

      Westerville Office Building For Sale

      Two-story office building with studio room in Westerville, Ohio.
      116 County Line Road West, Westerville, OH, 43082
      View Details
    • Contact for pricing
      109,755 SF

      Westerville Office and Flex Asset

      Three-story office and flex asset in Westerville, Ohio.
      579 Executive Campus Drive, Westerville, OH 43082
      View Details
    • Contact for pricing
      109,755 SF

      Westerville Office and Flex Asset

      Three-story office and flex asset in Westerville, Ohio.
      579 Executive Campus Drive, Westerville, OH 43082
      View Details
    • $4,100,000
      27,230 SF

      Westerville Warehouse with Office Space

      27,230 SF warehouse with 12,385 SF office space.
      374 Westdale Ave, Westerville , OH
      View Details
    • $699,900
      2,693 SF

      Westerville Office/Retail Opportunity

      Prime location with high visibility and accessibility in Westerville.
      17 W Schrock Road, Westerville, OH 43081
      View Details
    • $6,100,000
      36,000 SF

      Northgate Commercial Center

      36,000 SF building with 7 units and 100% occupancy.
      7177-7233 Northgate Way, Westerville, OH 43082
      View Details
    • $3,400,000
      5,891 SF

      Freestanding Bob Evans Investment Property

      Freestanding Bob Evans in Westerville, OH with long-term lease.
      23 Huber Village Blvd, Westerville, OH 43081
      View Details
    • $390,000
      2,042 SF

      Westerville Medical Office Condo

      Medical office condo with exam rooms and ample parking.
      660 Cooper Road, Westerville, OH, 43081
      View Details
    • $16
      13,122 SF

      Eastwind Professional Building Office Suites

      Single-story office building with suites available in Westerville, Ohio.
      863-885 Eastwind Drive, Westerville, OH 43081
      View Details
    • $18
      9,600 SF

      Westerville Office Building Near Hospital

      9,600 SF office building with suite available near St. Ann's.
      137-151 W Schrock Rd, Westerville, OH 43081
      View Details
    • $13
      110,919 SF

      Class A Office Building

      Class A office building in Westerville/Polaris sub-market.
      579 Executive Campus Drive, Westerville, OH 43082
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Three-story medical office building on Westerville's 'Medical Mile'.
    Where is this medical office space located?
    The property is located at 444 N Cleveland Ave Westerville, OH.
    What are key features of this property?
    This property features: Prime location on Westerville's 'Medical Mile'; Close proximity to St. Ann’s Hospital and Ohio Health Medical Campus; ±41,739 SF, 3‑Story Medical Office Building
    (614) 629-5296
    We can help!
    Listing Contact
    Philip Bird, SIOR
    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
    444 N Cleveland Ave, Westerville, OH 43082
    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!