Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    4883 Powderhorn Lane #3 Westerville, OH 43081

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $197,000

    Updated 3-bedroom townhouse with deck overlooking the 17th fairway.

    Type:Condominium
    Property size:
    2,020 SF
    Price / SF:
    $97/SF
    Added:
    Jul 2, 2025
    Days on Market:
    302
    Last Refresh:
    Apr 5 at 11:55 pm

    Property Features for 4883 Powderhorn Lane #3

    General Information

    Standard status
    Active
    Size
    2,020 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Michael Bean

    Listing agent Michael Bean License #348660

    Listing office Keller Williams Consultants Realty

    Listing date Jul 2, 2025

    Source Kw

    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 Keller Williams Consultants Realty

    Overview

    Updated Townhouse Overlooking Fairway

    This updated townhouse offers immediate possession and features 3 bedrooms. The property includes a multi-tier deck with privacy walls, overlooking the 17th fairway and private wooded green space with no rear neighbors. The interior features barn wood LVP flooring on the entire first floor. The kitchen is equipped with granite countertops, subway tile backsplash, stainless steel appliances, and newer cabinetry. All three full bathrooms have newer tile flooring and shower surrounds. Floor-to-ceiling glass doors and windows enhance the natural light. The vaulted owner's suite includes a private bath with a vanity area. The property provides over 2000 square feet of living space, including a full finished lower level. Community amenities include a heated pool and parks. The property is located near Blendon Woods State Park. New roofs, siding, and trim work have been completed throughout the community. A new furnace is scheduled for installation in June 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.8852
    Latitude
    40.0859

    Nearby Similar for Sale

    • $399,900

      Westerville Duplex: Income Opportunity

      Fully occupied Westerville duplex, updated with modern amenities.
      914-916 Tradewind Drive, Westerville, OH 43081
      View Details
    • $175,000
      1,100 SF

      Westerville Office Suite Investment Opportunity

      First-floor office suite near I-270 with immediate income potential.
      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
    • $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
    • $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
    • $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
    • $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
    • 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
    • $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

    FAQs

    What type of property is this?
    Apartment building - Updated 3-bedroom townhouse with deck overlooking the 17th fairway.
    Where is this apartment building located?
    The property is located at 4883 Powderhorn Lane #3 Westerville, OH.
    What is the asking price?
    The asking price for this property is $197,000.
    What are key features of this property?
    This property features: Backs to the 17th fairway and private wooded green space with no rear neighbors.; Updated kitchen boasts granite countertops, subway tile backsplash, stainless steel appliances, and newer cabinetry.; Enjoy over 2000 SF of living space including a full finished lower level.
    (614) 392-5000
    We can help!
    Listing Contact
    Michael Bean
    Real Estate License ID: 348660
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!