Renovated Office Building on
611 S Sandusky St, Delaware, OH
Call to check price and availability
Stand-alone office building in booming Delaware city community.
Type:OFFICE
Property size:
3,722 SFLot size:
0.53 AcresPrice / SF:
$187/SF- Added:
- Sep 10, 2025
- Days on Market:
- 249
- Last Refresh:
- Apr 5 at 10:37 pm
Property Features for 611 S Sandusky St
General Information
- Standard status
- Active
- Size
- 3,722 SF
- Lot size
- 0.53 Acres
- Property subtype
- OFFICE
Listing agent J.R. Kern (614) 760-5660
Listing office Capitol Equities Realty (614) 760-5660
Listing date Sep 10, 2025
Source Moodyscre
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 Capitol Equities Realty
HighLights
- Prime location on Sandusky Street, a high‑traffic retail corridor, near Ohio Wesleyan University.
- 22 on‑site parking spaces, a significant advantage for retail or office use.
- Zoned B‑3 (Community Business District), allowing for a wide range of commercial uses.
- Easy access to Routes 23, 42, and 315, providing connectivity to the surrounding area.
- Fully renovated in 2010, featuring an attractive layout with high ceilings, open core, and private offices.
- Large monument sign overlooking Sandusky Street, providing excellent visibility.
Overview
This stand-alone retail/office building is available for purchase, suitable for either an owner-user or an investor. The property, fully renovated in 2010, features an attractive layout with extra-high exposed ceilings and an open central core. It includes four private offices and a reception area. The owner-occupied building has a brick exterior and is in excellent condition. There are 22 on-site parking spaces available. Located on Sandusky Street, a prime retail corridor, the building is within walking distance of Ohio Wesleyan University in a densely populated community. A large monument sign overlooks Sandusky Street. Zoned B-3 (Community Business District), the property accommodates a wide range of commercial uses. It offers easy access to main thoroughfares, including Routes 23, 42, and 315, connecting the site to the growing county in the state of Ohio. The building has a size of 3,722 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$509.2K
NOI $45,825 @ 9.00% cap · cautious / downside scenario
Moderate
$654.6K
NOI $45,825 @ 7.00% cap · market / base-case scenario
Aggressive
$916.5K
NOI $45,825 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.4k | $21.60 |
| − Vacancy | −$19.3k | −$5.18 |
| EGI | $61.1k | $16.42 |
| − OpEx | −$15.3k | −$4.10 |
| NOI | $45.8k | $12.31 |
3,722 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$654.6K
$572.8K – $763.8K
NOI $45,825 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$750.2K
$656.4K – $875.2K
NOI $52,512 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
HUB International
Financial Advisor
Preferred Benefits Services ...
Financial Advisor
Location Insight
- Map
- Local Demand
- City
- Delaware
- County
- Delaware
- State
- Ohio
- Longitude
- -83.0687
- Latitude
- 40.2823
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FAQs
What type of property is this?
Office building - Stand-alone office building in booming Delaware city community.
Where is this office building located?
The property is located at 611 S Sandusky St Delaware, OH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime location on Sandusky Street, a high‑traffic retail corridor, near Ohio Wesleyan University.; 22 on‑site parking spaces, a significant advantage for retail or office use.; Zoned B‑3 (Community Business District), allowing for a wide range of commercial uses.
