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    480 Olde Worthington Rd Westerville, OH 43082

    For Lease
    $12 SF/Yr

    Westerville, OH Office: 1,206-15,312 SF

    Lot size:
    102,487 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This Class A, three-story office building at 480 Olde Worthington Rd in Westerville, Ohio offers 102,487 square feet of space, with 15,312 square feet currently vacant and divisible into units as small as 1,206 square feet. The building, constructed in 2000, features a traditional and creative office layout, situated on 8.96 acres of land in the Polaris submarket of Delaware County. The property boasts ample parking (5.5 spaces per 1,000 square feet) and convenient access to I-71. The available space is located on the third floor, offering views of the surrounding campus. The building's efficient design, with a 9% common area factor, maximizes usable space. The location provides employees and visitors with easy access to a wide array of amenities. The property's APN is 318-443-01-008-001. The building has two suites and elevators are available. This is a multi-tenant building.

    Property Features for 480 Olde Worthington Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    102,487 SF
    Class
    A
    Total Rate
    110600.55

    Building Details

    Year Built
    2000
    Stories
    3

    Unit(s) available at that property

    Space
    Suite A
    Size
    4,360 SF
    Rate per SF
    $12
    Space
    Suite B
    Size
    10,952 SF
    Rate per SF
    $12

    HighLights

    • 102,487 square foot, three‑story office building on 8.96 acres.
    • Third‑floor suites available, ranging from 1,206 to 10,952 contiguous square feet.
    • 9% common area factor.
    • Asking rent: $12.95 per square foot, NNN.
    • Estimated operating expenses: $8.26 per square foot.
    • Ample parking (5.5 spaces per 1,000 square feet).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The SmarTV Company, LLC Software Company Tiller Tracking Software Company Lake Shore Cryotronics ... Corporate Office NRL Mortgage- Columbus Mortgage Lender Abby Solutions Group Property Maintenance

    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
    Franklin
    State
    Ohio
    Longitude
    -82.96255
    Latitude
    40.13986

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    FAQs

    What type of property is this?
    Office space - Westerville, OH Office: 1,206-15,312 SF
    Where is this office space located?
    The property is located at 480 Olde Worthington Rd Westerville, OH.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 102,487 square foot, three-story office building on 8.96 acres.; Third-floor suites available, ranging from 1,206 to 10,952 contiguous square feet.; 9% common area factor.
    Request Owner's contact information
    480 Olde Worthington Rd 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
    480 Olde Worthington Rd Westerville, OH 43082
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