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    Polaris Flex Space For Rent Title is generated by Realmo AI

    8752-8958 Cotter St, Lewis Center, OH

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    Flex space near I-71 and Route 23 available for rent.

    Type:OFFICE
    Property size:
    2,233 SF
    Lot size:
    30.44 Acres
    Price / SF:
    $138/SF
    Added:
    Nov 24, 2025
    Days on Market:
    225
    Last Refresh:
    May 19 at 11:00 pm

    Property Features for 8752-8958 Cotter St

    General Information

    Standard status
    Active
    Size
    2,233 SF
    Lot size
    30.44 Acres
    Property subtype
    OFFICE

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    Jim Bain, SIOR

    Listing office Donald R Kenney & Company

    Listing date Nov 24, 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 Donald R Kenney & Company

    HighLights

    • Convenient location near Polaris.
    • Close proximity to I‑71.
    • Half mile east of Route 23.
    • Flex space.
    • Utilities separately metered and paid by Tenant.
    • Condo fees - $2 PSF (estimated).

    Overview

    This flex space is located in the Polaris area, offering a convenient location with close proximity to I-71 and situated approximately half a mile east of Route 23. The property has an area of 2233 square feet. Condo fees are estimated at $2 per square foot. Utilities are separately metered and paid by the tenant.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $48.2k $21.60
    − Vacancy −$11.6k −$5.18
    EGI $36.7k $16.42
    − OpEx −$9.2k −$4.10
    NOI $27.5k $12.31
    2,233 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $392.8K
    $343.7K – $458.2K (±1% cap)
    NOI $27,493 @ 7.0% cap · market cap 8.87%
    Second Best
    Industrial
    $370.6K
    $324.3K – $432.4K (±1% cap)
    NOI $25,945 @ 7.0% cap · market cap 8.37%
    Theoretical Best
    Warehouse
    $450.1K
    $393.8K – $525.1K (±1% cap)
    NOI $31,505 @ 7.0% cap · market cap 10.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Hotel & Motel Kitchen & Bath Showroom Discount Store Parking Lot & Garage Grocery & Convenience Store Grocery & Convenience Store Food Market (Bike/Boat/Book/etc) Store Dental Office

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Center
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0082
    Latitude
    40.1595

    FAQs

    What type of property is this?
    Office units - Flex space near I-71 and Route 23 available for rent.
    Where is this office units located?
    The property is located at 8752-8958 Cotter St Lewis Center, OH.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: Convenient location near Polaris.; Close proximity to I‑71.; Half mile east of Route 23.
    (614) 348-9615 Call to check price and availability
    More about this property
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