Office Condo with Building
740 Lakeview Plaza Blvd, Worthington, OH 43085
For Sale
Contact for pricing
C-3 zoning supports professional and medical office occupancy, along with other business uses.
Property Size3,155 SF
Price / SF$164.82
Days on Market9
Property Features for 740 Lakeview Plaza Blvd
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Asking Price
Property Use
Amenities
building signage
Listing Agency:
Elford Realty, Inc
(614) 488-4000
Listed By:
Jackie Delay · License ##SAL.2020000409
(216) 956-1739
Source:
Moodyscre
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 6 at 11:12AM
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 Elford Realty, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 100 is a 3,155-square-foot office condominium at 740 Lakeview Plaza Blvd in Worthington. Building signage faces east and south, and the unit overlooks the signalized corner of Lakeview Plaza Blvd and Sancus Blvd.
The property is zoned C-3, which supports a range of businesses, including professional and medical offices. Recent work by the condominium association addressed shared areas and the building’s base components.
The property is zoned C-3, which supports a range of businesses, including professional and medical offices. Recent work by the condominium association addressed shared areas and the building’s base components.
Key Highlights
- 3,155‑square‑foot office condominium, Suite 100
- C‑3 zoning supports a variety of businesses, including professional and medical offices
- Building signage faces east and south
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,222
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,440
$664.4K
Cap Rate 7%
$474,600
$474.6K
Cap Rate 9%
$369,133
$369.1K
Market Conditions
NOI Build-Up for 3,155 SF
Gross rent
$56.8K $18.00/SF
− Vacancy
−$12.5K −$3.96/SF
EGI
$44.3K $14.04/SF
− OpEx
−$11.1K −$3.51/SF
NOI
$33.2K $10.53/SF
Area
Richland County, OH
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,440
Cap Rate 7%
$474,600
Cap Rate 9%
$369,133
Alternative Uses
Best Use
Office B
$474.6K
$415.3K – $553.7K
NOI $33,222 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$634.7K
$555.4K – $740.5K
NOI $44,432 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 43085, OH
25,566
Population
10,961
Households
2.3
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
3,502
Density / Sq Mi
$112,474
Median Household Income
$63,239
Median Earnings
$1,405
Median Rent
$373,300
Median Home Value
Market
Average Price Trend$/SF for Office Units in Richland County, OH
Properties on Market for Office Units in Richland County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - C-3 zoning supports professional and medical office occupancy, along with other business uses.
Where is this office unit located?
The property is located at 740 Lakeview Plaza Blvd Worthington, OH.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 3,155‑square‑foot office condominium, Suite 100; C‑3 zoning supports a variety of businesses, including professional and medical offices; Building signage faces east and south
