Multi-Building Office
For Sale
Contact for pricing
8692-8724 Olde Worthington Road, Westerville, OH 43082
Three-building office property with divisible suites, private offices, conference rooms, kitchenettes, and Class A finishes.
Property Size22,800 SF
Price / SF$0.00
Days on Market88
Property Features for 8692-8724 Olde Worthington Road
General Information
Standard status
Active
Size
22,800 SF
Additional Details
Highway Access
Yes
Warehouse Space
6,000 SF
Amenities
private offices
conference rooms
kitchenettes
Building Details
Year Built
2000
Buildings
3
Listing Agency:
Best Corporate Real Estate
(614) 559-3350
Listed By:
Randy J Best · License #311236
(614) 397-8380
Source:
Maryhatem
Added: Jul 30
Changed: Oct 2
Last Checked: Oct 24 at 6:15PM
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 Best Corporate Real Estate
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Investment Insights
Based on property information with market context.
This three-building office property totals approximately 22,800 SF and includes divisible office suites, multiple private offices, conference rooms, and kitchenettes with Class A finishes. The property includes approximately 9,800 SF at 8724 Olde Worthington Rd and approximately 7,000 SF of office space at 8692 Olde Worthington Rd, along with approximately 6,000 SF of warehouse space at 8692 Olde Worthington. The office spaces are identified as divisible, providing flexibility across the existing configuration.
Built between 1998 and 2000, the property is located at 8692-8724 Olde Worthington in Westerville, Ohio. It is in close proximity to major highway I-71, Polaris Parkway, the Polaris Trade Area, and Polaris Fashion Place, described as a high-traffic retail destination in the surrounding context.
Built between 1998 and 2000, the property is located at 8692-8724 Olde Worthington in Westerville, Ohio. It is in close proximity to major highway I-71, Polaris Parkway, the Polaris Trade Area, and Polaris Fashion Place, described as a high-traffic retail destination in the surrounding context.
Key Highlights
- Three buildings totaling +/- 22,800 SF
- Approximately 9,800 SF at 8724 Olde Worthington Rd, with divisible office space
- Approximately 7,000 SF of divisible office space at 8692 Olde Worthington Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$280,714
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,614,280
$5.6M
Cap Rate 7%
$4,010,200
$4.0M
Cap Rate 9%
$3,119,044
$3.1M
Market Conditions
NOI Build-Up for 22,800 SF
Gross rent
$492.5K $21.60/SF
− Vacancy
−$118.2K −$5.18/SF
EGI
$374.3K $16.42/SF
− OpEx
−$93.6K −$4.10/SF
NOI
$280.7K $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%
$5,614,280
Cap Rate 7%
$4,010,200
Cap Rate 9%
$3,119,044
Alternative Uses
Best Use
Warehouse
$4.60M
$4.02M – $5.36M
NOI $321,677 @ 7.0% cap · market cap 2,474,438.46%
Second Best
Office B
$4.01M
$3.51M – $4.68M
NOI $280,714 @ 7.0% cap · market cap 2,159,338.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Three-building office property with divisible suites, private offices, conference rooms, kitchenettes, and Class A finishes.
Where is this office building located?
The property is located at 8692-8724 Olde Worthington Road Westerville, OH.
What are key features of this property?
This property features: Three buildings totaling +/- 22,800 SF; Approximately 9,800 SF at 8724 Olde Worthington Rd, with divisible office space; Approximately 7,000 SF of divisible office space at 8692 Olde Worthington Rd
