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    519 Otterbein Ave Westerville, OH 43081

    For Lease
    $25 SF/Yr ($12,047 /Mo)

    Prime Westerville Office Space Available

    Lot size:
    5,783 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional executive office suite, located at 519 S Otterbein Ave in Westerville, Ohio, presents a fantastic opportunity for businesses seeking a prestigious address. The property, situated in the desirable Westerville submarket of Franklin County, offers a total of 5,783 square feet across two stories. Currently, there is 1,251 square feet of vacant space available, perfect for a single tenant or small business requiring approximately 851 square feet. The building is conveniently located near the intersection of Otterbein Avenue and Schrock Road. While the building does not feature elevators, its two-story design ensures easy accessibility. The property is classified as a multi-tenant building, providing a collaborative and professional environment. The address, 519 S Otterbein Ave, Westerville, OH 43081, places your business in a thriving and well-established commercial area. This is an ideal location for businesses seeking high visibility and easy access to major transportation routes. The available space is ready for immediate occupancy and offers a chance to establish a strong presence in a sought-after Westerville neighborhood. The property's location and features make it an attractive option for businesses of various sizes and industries. Inquire today to learn more about this exceptional opportunity.

    Property Features for 519 Otterbein Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,783 SF
    Total Rate
    12047.92

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Suite 1
    Size
    851 SF
    Rate per SF
    $25
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Timothy A. Kennedy Ph.D.,LISW Doctor R & R Recognize ... Psychologist Northern Therapeutic Massage Massage Therapist Jerry Loos Guitar ... Music Instructor Hope Disability Foundation ... Non-Profit Organization

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9224019
    Latitude
    40.1119399

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Westerville Office Space Available
    Where is this office property / space located?
    The property is located at 519 Otterbein Ave Westerville, OH.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    Request Owner's contact information
    519 Otterbein Ave 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
    519 Otterbein Ave Westerville, OH 43081
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