Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multi-Tenant Flex Property For Rent Title is generated by Realmo AI

    Duplicate of 640 Lakeview Plaza Blvd, Worthington, OH 43085

    View on Map
    Claim this Listing
    For Lease
    $2,063/Mo $12 SF/Yr (calc)

    Multi-tenant flex property with convenient highway access.

    Type:Industrial
    Property size:
    2,063 SF
    Added:
    Apr 1, 2026
    Days on Market:
    63
    Last Refresh:
    Apr 1 at 8:02 pm

    Property Features for Duplicate of 640 Lakeview Plaza Blvd

    General Information

    Standard status
    Active
    Size
    2,063 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Kyle Ghiloni
    Kyle Ghiloni

    Listing agent Kyle Ghiloni

    Listing office Columbus

    Listing date Apr 1, 2026

    Source Colliers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Columbus

    HighLights

    • Convenient access to I‑270, I‑71, and US‑23.
    • Excellent condition of all 4 buildings.
    • Ample parking available.
    • Rear truck access to grade level overhead doors.
    • Full glass storefront windows with unique canopies.
    • Multi‑tenant flex property totaling 96,782 SF.

    Overview

    Lakeview Commerce Center is a four-building, multi-tenant flex property totaling 96,782 square feet. The buildings are in excellent condition and range from 22,187 to 28,160 square feet. Each space offers amenities, including full glass storefront windows with canopies, ample parking, and rear truck access to grade-level overhead doors. The property is located off Sancus Boulevard, north of I-270, providing convenient access to I-270, I-71, and US-23. The available space is 2,063 square feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Worthington
    County
    Richland
    State
    Ohio
    Longitude
    -83.0166
    Latitude
    40.0994

    Nearby Similar for Lease

    • $200 SF/Yr
      5,746 SF

      Salon Suites For Lease

      Individual salon suites available for lease in two locations.
      37 E Wilson Bridge Road, Worthington, OH 43085
      View Details
    • $17 SF/Yr
      31,238 SF

      Worthington Office Space for Lease

      Well-maintained Worthington office building with easy access to amenities.
      6877 N High Street, Worthington, OH 43085
      View Details
    • $16 SF/Yr
      10,480 SF

      Renovated Office Space Available

      Renovated office space with ample parking and easy highway access.
      350 West Wilson Bridge Road, Worthington, OH, 43085
      View Details
    • $4,521/Mo
      4,521 SF

      Flex Space in Worthington, Ohio

      Multi-tenant flex property with convenient highway access.
      640 Lakeview Plaza Blvd, Worthington, OH 43085
      View Details
    • $16 SF/Yr
      6,900 SF

      Worthington Office Space For Lease

      Prime Worthington office space for lease, ideal for startups.
      5830 N High Street, Worthington, OH 43085
      View Details
    • Contact for pricing
      49,917 SF

      Retail Space in Worthington, OH

      Retail property with 49917 square feet available for rent.
      7227 North High Street, Worthington, OH, 43085
      View Details
    • Contact for pricing
      4,080 SF

      Office/Warehouse Suites For Rent

      Office and warehouse suites with high visibility and aggressive pricing.
      6969 Worthington Galena Road, Worthington, OH, 43085
      View Details
    • Contact for pricing
      75,000 SF

      75,000 SF Worthington Office Building

      Three-story office building with secured parking in Worthington, Ohio.
      0 High Street, Worthington, OH, 43085
      View Details
    • $9 SF/Yr

      Office Space in Worthington Location

      Office space for rent with convenient access and many amenities.
      250 E Wilson Bridge Rd, Worthington, OH 43085
      View Details
    • $10 SF/Yr

      Office/Warehouse Space in Lakeview Tech

      Office and warehouse spaces with convenient highway access and amenities.
      600 Lakeview Plaza Blvd, Worthington, OH 43085
      View Details
    • $1,495,000 SF/Yr
      18,648 SF

      Worthington Office Building For Lease

      Stylish brick office building in excellent condition with long-term tenants.
      6660 N High Street, Worthington, OH 43085
      View Details
    • $17 SF/Yr
      4,669 SF

      Worthington Office Space Available

      Office suite for rent in Worthington, close to amenities.
      6877 N High St, Worthington, OH 43085
      View Details

    FAQs

    What type of property is this?
    Flex space - Multi-tenant flex property with convenient highway access.
    Where is this flex space located?
    The property is located at Duplicate of 640 Lakeview Plaza Blvd Worthington, OH.
    What is the lease rate?
    The lease rate is $2,063 /Mo.
    What are key features of this property?
    This property features: Convenient access to I‑270, I‑71, and US‑23.; **Excellent condition of all 4 buildings.**; Ample parking available.
    (614) 437-4515
    We can help!
    Listing Contact
    Kyle Ghiloni
    Kyle Ghiloni
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Duplicate of 640 Lakeview Plaza Blvd, Worthington, OH 43085
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!