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    137-151 Schrock Rd Westerville, OH 43081

    For Lease
    $18 SF/Yr ($14,800 /Mo)

    Westerville office space, 1,200-2,400 SF

    Lot size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This Westerville, Ohio office building, located at 137-151 W Schrock Rd, zip code 43081, offers 4,800 square feet of immediately available space in a 9,600 square foot building. The property, classified as Class C, was built in 1978 and features a two-story structure with three total suites. Individual suite sizes range from a minimum of 1,200 square feet to a maximum contiguous space of 2,400 square feet, making it ideal for a variety of businesses. The building boasts a convenient 4.27 parking spaces per 1,000 square feet ratio. Tenants are responsible for their own electricity. The property benefits from a prime location, just one mile from St. Ann's Hospital, and offers monument signage on W. Schrock Road for excellent visibility. The building is situated in the Northeast submarket of Franklin County, within the Westerville submarket cluster. While there are no elevators, the building's layout is designed for efficient use of space. This is a multi-tenant building offering excellent value and convenient access to local amenities. The property is perfect for executive or medical office uses.

    Property Features for 137-151 Schrock Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,600 SF
    Class
    C
    Total Rate
    14800

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 143
    Size
    1,200 SF
    Rate per SF
    $18
    Space
    Suite 139+143
    Size
    2,400 SF
    Rate per SF
    $18
    Space
    Suite 139
    Size
    1,200 SF
    Rate per SF
    $18

    HighLights

    • 9,600 SF two‑story office building.
    • Four available suites.
    • Suitable for medical or general office use.
    • One mile from St. Ann's Hospital.
    • Direct parking lot access.
    • 40 on‑site parking spaces (4.27/1,000 SF ratio).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -82.93016271
    Latitude
    40.10993548

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    FAQs

    What type of property is this?
    Medical office - Westerville office space, 1,200-2,400 SF
    Where is this medical office located?
    The property is located at 137-151 Schrock Rd Westerville, OH.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 9,600 SF two-story office building.; Four available suites.; Suitable for medical or general office use.
    Request Owner's contact information
    137-151 Schrock Rd Westerville, OH 43081
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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
    137-151 Schrock Rd Westerville, OH 43081
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