Furnished Medical Office
612 Office Pkwy, Westerville, OH 43082
For Sale
Contact for pricing
A completed office suite has private consultation rooms, a shared lounge, and existing furniture included in the sale.
Property Size2,487 SF
Price / SF$195.01
Days on Market49
Property Features for 612 Office Pkwy
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Highway Access
Listing Agency:
RE/MAX Impact Realty
Listed By:
Saba Shujaat · License OH #2012001243
(614) 563-9634
Source:
Moodyscre
Added: Sep 24
Changed: Nov 2
Last Checked: Nov 10 at 11:41AM
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 Realty
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Investment Insights
Based on property information with market context.
This 2,487-square-foot medical office condo is arranged around a central hallway, with a reception and waiting area, private offices, consultation rooms, an open lounge, and an ADA-compliant restroom. Desks, tables, couches, and other furnishings are included. Interior finishes combine carpet and wood-look laminate flooring with crown molding and six-panel doors.
The office is in Westerville near N. State Street and Polaris Parkway, with access to I-71 and I-270. Mount Carmel St. Ann's Hospital and OhioHealth Westerville Medical Campus are nearby.
The layout and existing furnishings support medical, dental, behavioral health, or general professional and legal uses.
The office is in Westerville near N. State Street and Polaris Parkway, with access to I-71 and I-270. Mount Carmel St. Ann's Hospital and OhioHealth Westerville Medical Campus are nearby.
The layout and existing furnishings support medical, dental, behavioral health, or general professional and legal uses.
Key Highlights
- 2,487‑square‑foot medical office condo
- Reception and waiting area, private offices, consultation rooms, and an open lounge
- ADA‑compliant restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,620
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,400
$612.4K
Cap Rate 7%
$437,429
$437.4K
Cap Rate 9%
$340,222
$340.2K
Market Conditions
NOI Build-Up for 2,487 SF
Gross rent
$53.7K $21.60/SF
− Vacancy
−$12.9K −$5.18/SF
EGI
$40.8K $16.42/SF
− OpEx
−$10.2K −$4.10/SF
NOI
$30.6K $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%
$612,400
Cap Rate 7%
$437,429
Cap Rate 9%
$340,222
Alternative Uses
Best Use
Office B
$437.4K
$382.8K – $510.3K
NOI $30,620 @ 7.0% cap · market cap 6.31%
Second Best
Healthcare Medical
$375.7K
$328.7K – $438.3K
NOI $26,297 @ 7.0% cap · market cap 5.42%
Theoretical Best
Warehouse
$501.3K
$438.6K – $584.8K
NOI $35,088 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43082, OH
32,459
Population
12,915
Households
2.5
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
20.9 sq mi
ZIP Area
1,553
Density / Sq Mi
$147,188
Median Household Income
$73,670
Median Earnings
$1,696
Median Rent
$433,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A completed office suite has private consultation rooms, a shared lounge, and existing furniture included in the sale.
Where is this medical office space located?
The property is located at 612 Office Pkwy Westerville, OH.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2,487‑square‑foot medical office condo; Reception and waiting area, private offices, consultation rooms, and an open lounge; ADA‑compliant restroom
