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Property profile & analytics
OFF-MARKET
Office Spaces

501 Schrock Rd Westerville, OH 43081

60,133 SF 4.96 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 60,133-square-foot executive office building, located at 501 W Schrock Rd in Westerville, Ohio (zip code 43081), presents a compelling investment opportunity. Situated on a 4.96-acre lot, the property boasts 270 parking spaces and is currently 100% occupied, generating a projected Net Operating Income (NOI) of $663,743 as of March 1, 2025. The asking price is $6,200,000, representing a compelling 10.7% capitalization rate and a 10.31% cash-on-cash return. Built to corporate headquarters standards, the building features high-quality construction and design, including floor-to-ceiling glass throughout and an outdoor amenity space for tenants. The efficient office suites are move-in ready. This landmark building enjoys a prime location in the Schrock Road corridor, with minimal competition from other Class A office properties, consistently ranking among the top suburban office buildings in the Columbus market. The lease term is five years. This property offers a rare opportunity to acquire a high-performing, well-located asset in a thriving market.

Property profile
Verified
Property type Office Spaces
Total area 60,133 SF
Lot 4.96 ac (216,058 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Midstate Educators Cu Loan Service
  • Quadrant Insurance Managers Insurance Agency
  • Laurie Mccloud Physician
  • PETER DIPIAZZA Physician
  • DOUGLAS D FOSSELMAN Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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