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

    8425 Orange Centre Dr Lewis Center, OH

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

    Leaseable pad sites near BJ's with high traffic volume.

    Type:LAND
    Lot size:
    1.20 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    217
    Last Refresh:
    Apr 5 at 10:40 pm

    Property Features for 8425 Orange Centre Dr

    General Information

    Standard status
    Active
    Lot size
    1.20 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 8425 Orange Centre Dr Contact us

    We can help!

    Listing Contact
    Austin Loconti

    Listing agent Austin Loconti

    Listing office Passov Real Estate Group

    Listing date Sep 22, 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 Passov Real Estate Group

    Overview

    BJ's Anchored Pad Sites

    Pad sites are available for lease, anchored by BJ's. There are three 1.2-acre pads that can be leased separately or combined. The location experiences over 47,840 vehicles per day on US-23. Situated in Delaware County, one of the fastest-growing counties in the Midwest, the site allows for the development of up to 15,000 square feet of retail space. This location represents the highest density retail node in Lewis Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BJ's Tire Center (Bike/Boat/Book/etc) Store BJ's Gas Station Gas Station BJ's Optical Ophthalmologist BJ's Wholesale Club Big Box & Wholesale Store

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Center
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0192
    Latitude
    40.1745

    Nearby Similar for Lease

    • $1,100/Mo

      Move-In Ready Office in Lewis Center

      Professional 775 SF office suite in a growing market.
      540 Enterprise Drive, Lewis Center, OH 43035
      View Details
    • $461,538 SF/Yr

      Lewis Center Flex Office/Warehouse Condo

      Versatile 3,200 SF flex space in Green Meadows Commerce Center.
      705 Radio Drive, Lewis Center, OH 43035
      View Details
    • $15 SF/Yr

      Office and Flex Space Available

      Two-story office building with flex space in Lewis Center.
      171 Green Meadows Drive South, Lewis Center, OH 43035
      View Details
    • $32 SF/Yr

      High-Visibility Commercial Space For Lease

      Flexible retail, medical, or office space in Lewis Center.
      7953 Highfield Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Warehouse with Expandable Space

      14,400 sq ft warehouse expandable to 32,400 sq ft.
      209 Green Meadows Drive South, Lewis Center, OH, 43035
      View Details
    • $14 SF/Yr

      Polaris Flex Space For Rent

      Flex space near I-71 and Route 23 available for rent.
      8752-8958 Cotter St, Lewis Center, OH
      View Details
    • Contact for pricing

      Industrial Space with Tax Abatement

      Available industrial space with 32' clear height and tax abatement.
      7046 Green Meadows Drive, Lewis Center, OH, 43035
      View Details
    • $11 SF/Yr

      Office Space Near Polaris

      Office space for rent near Polaris with ample parking.
      640-676 Enterprise Dr, Lewis Center, OH
      View Details
    • Contact for pricing

      Office Space with Garage Storage

      Updated office space with rare garage storage near Polaris.
      640 Enterprise Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Land For Rent

      Land available for rent in Lewis Center, Ohio.
      3010 E Powell Rd, Lewis Center, OH
      View Details
    • Contact for pricing

      Land For Rent

      Land available for rent in Lewis Center, Ohio.
      3780 E Powell Rd, Lewis Center, OH
      View Details
    • Contact for pricing

      Retail Space in NorthPointe Plaza

      Open strip shopping center with frontage on US-23.
      106 Meadow Park Ave, Lewis Center, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - Leaseable pad sites near BJ's with high traffic volume.
    Where is this commercial land located?
    The property is located at 8425 Orange Centre Dr Lewis Center, OH.
    What are key features of this property?
    This property features: Highest density retail node in Lewis Center; Over 47,840 VPD on US‑23; Located in Delaware county, one of the fastest growing counties in the Midwest
    (216) 970-5122 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Austin Loconti
    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!