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    600 State St Westerville, OH 43082

    Sponsored
    For Lease
    $12 SF/Yr

    Prime 1.42-acre site, build-to-suit potential.

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.42-acre commercial land parcel, located at 600 N State St, Westerville, OH 43082, presents a unique build-to-suit opportunity. The site boasts a total of 61,855 square feet and is zoned for commercial development. A new building of up to 24,000 square feet, across two stories, is feasible. The property offers ample parking with 73 spaces available on-site. Currently vacant, this site provides flexibility for a variety of retail or office uses. The minimum divisible space is 12,000 square feet, with a maximum contiguous space of 24,000 square feet. The property is conveniently located in the Northeast submarket of Westerville, within the Westerville submarket cluster in Delaware County. Its advantageous location is behind the Nikou Learning Center, with the lot fronting Office Parkway, ensuring high visibility and accessibility. This is an ideal location for businesses seeking a prominent presence in a thriving area. The property's size and location make it an excellent investment opportunity for developers and businesses alike.

    Property Features for 600 State St

    General Information

    Property type
    Office buildings
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF
    Total Rate
    25000

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Available space
    Size
    24,000 SF
    Rate per SF
    $12

    HighLights

    • 1.42‑acre build‑to‑suit opportunity in Westerville, OH.
    • 24,000 SF, two‑story building potential on a 61,855 SF lot.
    • 73 on‑site parking spaces.
    • High‑visibility location on Office Parkway, behind Nikou Learning Center.
    • Minutes from Polaris, with easy access to I‑71 & I‑270.
    • Abundant nearby amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    City Barbeque Caterer The Nest Schools Day Care Center

    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
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9268358
    Latitude
    40.1414519

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    FAQs

    What type of property is this?
    Office building - Prime 1.42-acre site, build-to-suit potential.
    Where is this office building located?
    The property is located at 600 State St Westerville, OH.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 1.42-acre build-to-suit opportunity in Westerville, OH.; 24,000 SF, two-story building potential on a 61,855 SF lot.; 73 on-site parking spaces.
    Request Owner's contact information
    600 State St Westerville, OH 43082
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    Westerville, OH 43082
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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 State St Westerville, OH 43082
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