Flex Space with Heated
New
For Sale
$650,000
H-653 Mccorkle Blvd, Westerville, OH 43082
Two-level configuration brings showroom, office, storage, and drive-in warehouse functions together.
Property Size4,500 SF
Price / SF$144.44
Days on Market5
Property Features for H-653 Mccorkle Blvd
General Information
Standard status
Active
Size
4,500 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
1,848 SF
Drive-In Doors
1
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$11,167
Building Details
Year Renovated
2023
Stories
2
Listing Agency:
RE/MAX Affiliates, Inc.
(614) 891-1661
Listed By:
Richard J Rano · License #2003001121
(614) 570-8888
Source:
Exprealty
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 8:32PM
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 RE/MAX Affiliates, Inc.
Investment Insights
Based on property information with market context.
This flex property provides more than 4,500 square feet across two levels, with a showroom, office and conference space, built-in storage, and a heated warehouse. A mezzanine was added during the 2023 renovation. The 27' x 21' showroom can accommodate reception, office, or retail functions, while the upper-level room includes a sink. Separate furnaces and air conditioning units serve each floor, and the property has three restrooms.
The 60'9 x 30'5 warehouse has two floor drains, built-in storage, a 10-foot-wide by 16-foot-high overhead door, and a separate man door for access. Front parking is provided. The property is near Polaris Parkway, I-71, I-270, Cleveland Avenue, and 50-acre Hoff Woods Park, with restaurants also nearby.
The 60'9 x 30'5 warehouse has two floor drains, built-in storage, a 10-foot-wide by 16-foot-high overhead door, and a separate man door for access. Front parking is provided. The property is near Polaris Parkway, I-71, I-270, Cleveland Avenue, and 50-acre Hoff Woods Park, with restaurants also nearby.
Key Highlights
- More than 4,500 square feet of flex space
- 27' x 21' showroom and mezzanine added in 2023
- 60'9 x 30'5 heated warehouse with two floor drains
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,285
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,700
$1.0M
Cap Rate 7%
$746,929
$746.9K
Cap Rate 9%
$580,944
$580.9K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$98.3K $21.84/SF
− Vacancy
−$23.6K −$5.24/SF
EGI
$74.7K $16.60/SF
− OpEx
−$22.4K −$4.98/SF
NOI
$52.3K $11.62/SF
Area
Delaware County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,700
Cap Rate 7%
$746,929
Cap Rate 9%
$580,944
Alternative Uses
Best Use
Warehouse
$907.0K
$793.6K – $1.06M
NOI $63,489 @ 7.0% cap · market cap 9.77%
Second Best
Industrial
$746.9K
$653.6K – $871.4K
NOI $52,285 @ 7.0% cap · market cap 8.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43082, OH
32,459
Population
12,915
Households
2.5
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
20.9 sq mi
ZIP Area
1,553
Density / Sq Mi
$147,188
Median Household Income
$73,670
Median Earnings
$1,696
Median Rent
$433,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-level configuration brings showroom, office, storage, and drive-in warehouse functions together.
Where is this flex space located?
The property is located at H-653 Mccorkle Blvd Westerville, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: More than 4,500 square feet of flex space; 27' x 21' showroom and mezzanine added in 2023; 60'9 x 30'5 heated warehouse with two floor drains
