501 Schrock Rd Westerville, OH 43081
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.
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Midstate Educators Cu Loan Service
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Quadrant Insurance Managers Insurance Agency
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Laurie Mccloud Physician
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PETER DIPIAZZA Physician
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DOUGLAS D FOSSELMAN Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.