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    600 Lakeview Plz Blvd Worthington, OH 43085

    Sponsored
    For Sale
    Contact for pricing

    50,000 SF Flex Space, High Occupancy Potential

    Property size:
    50,418 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 50,418-square-foot office-warehouse property presents a compelling investment or owner-occupant opportunity in Worthington, Ohio. Situated on a 5.89-acre lot, this two-story brick building boasts 220 parking spaces and prominent freeway signage visible from I-270, benefiting from an average vehicle passing daily exceeding 163,950. Built in 1998, the Class B property features a mix of high-end office space and warehouse area, including loading docks and drive-in doors. Recent improvements include a new roof and parking lot. The building is equipped with a backup generator and a sprinkler system. Currently 50% occupied, this multi-tenant property offers a value-add opportunity due to below-market rents. The property is zoned Industrial (I-1) within the City of Worthington and has a Franklin County parcel number 100-005938-00. The building offers 47,530 rentable square feet and benefits from long-term credit tenants. An 8% cap rate makes this a strong investment prospect. This property is a dynamic asset in a prime Columbus suburban location.

    Property Features for 600 Lakeview Plz Blvd

    General Information

    Property type
    Distribution properties
    Square Feet
    50,418 SF
    Class
    B
    Lot Size
    256,568 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    2

    HighLights

    • Value‑add opportunity with below‑market rents and 52% occupancy.
    • Below replacement cost purchase price.
    • Two‑story brick office/warehouse building, constructed in 1998.
    • Franklin County parcel number 100‑005938‑00.
    • 50,418 square‑foot building on 5.89 acres with 220 parking spaces.
    • High‑visibility building signage from I‑270, with over 163,950 average vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fast Insurance Agency ... Insurance Agency Custom Glass Solutions Glass Industry Supreme Air Heating Contractor Patient Advocacy NCO ... Financial Planner Guardian Auto Glass ... Auto Glass Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Worthington
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0013049
    Latitude
    40.1145697

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    FAQs

    What type of property is this?
    Distribution property - 50,000 SF Flex Space, High Occupancy Potential
    Where is this distribution property located?
    The property is located at 600 Lakeview Plz Blvd Worthington, OH.
    What are key features of this property?
    This property features: Value-add opportunity with below-market rents and 52% occupancy.; Below replacement cost purchase price.; Two-story brick office/warehouse building, constructed in 1998.
    Request Owner's contact information
    600 Lakeview Plz Blvd Worthington, OH 43085
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    Realmo Value Estimation

    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.

    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.

    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
    600 Lakeview Plz Blvd Worthington, OH 43085
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