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    600 State St Westerville, OH 43082

    • Day care centers
    • 9,740 SF
    • 1.35 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $2,440,000
    Last Sale
    Nov 22, 2021
    $2,630,000
    Location Intelligence
    Property ID
    US66-0024962
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • City Barbeque / Caterer / American Restaurant
    • The Nest Schools / Day Care Center / Preschool

    Property Details for 600 State St

    Year built
    2007
    Lot size
    1.35 lot acres
    Property size
    9,740 SF
    Property type
    Day care centers
    APN
    317-334-03-005-000
    APU
    31733403005000

    Description

    This exceptional 1.42-acre commercial land parcel, located at 600 N State St, Westerville, OH 43082, presents a unique build-to-suit opportunity. The site boasts a total of 61,855 square feet and is zoned for commercial development. A new building of up to 24,000 square feet, across two stories, is feasible. The property offers ample parking with 73 spaces available on-site. Currently vacant, this site provides flexibility for a variety of retail or office uses. The minimum divisible space is 12,000 square feet, with a maximum contiguous space of 24,000 square feet. The property is conveniently located in the Northeast submarket of Westerville, within the Westerville submarket cluster in Delaware County. Its advantageous location is behind the Nikou Learning Center, with the lot fronting Office Parkway, ensuring high visibility and accessibility. This is an ideal location for businesses seeking a prominent presence in a thriving area. The property's size and location make it an excellent investment opportunity for developers and businesses alike.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,800,000
      6.5%
      $2,730,000
      7%
      $2,930,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,965,000
      Geo Method
      $2,930,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,550,000
      Retail
      $2,625,000
      Mixed-Use
      $2,605,000
      Hospitality
      $2,900,000
      Educational
      $2,260,000
      Residential Income
      $2,445,000
      Energy
      $3,020,000
      Income-Based Land
      $2,655,000
      Food Service
      $2,525,000

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9268
    Latitude
    40.1414
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $55,576
    $141,330
    $611,170
    $752,500
    -
    $403,800
    $1,746,200
    $2,150,000

    Comparable in this City

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      $475,000
      8,181 SF

      8750 Olde Worthington Rd

      DAY CARE, PRE-SCHOOL • 8,181 SF
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      View Details
    • Value Estimation
      $370,000
      5,976 SF

      5940 Chandler Ct

      DAY CARE, PRE-SCHOOL • 5,976 SF
      5940 Chandler Ct, Westerville, OH 43082-9049
      View Details
    • Value Estimation by Request
      12,743 SF

      130 Polaris Pkwy

      DAY CARE, PRE-SCHOOL • 12,743 SF
      130 Polaris Pkwy, Westerville, OH 43082-8004
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    • Value Estimation by Request
      32,479 SF

      360 Polaris Pkwy

      DAY CARE, PRE-SCHOOL • 32,479 SF
      360 Polaris Pkwy, Westerville, OH 43082-7971
      View Details
    • Value Estimation
      $685,000
      10,741 SF

      561 Westar Blvd

      DAY CARE, PRE-SCHOOL • 10,741 SF
      561 Westar Blvd, Westerville, OH 43082-7806
      View Details
    • Value Estimation by Request
      1,840 SF

      112 Abbeycross Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,840 SF
      112 Abbeycross Ln, Westerville, OH 43082-7306
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $10 SF/Yr
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      Land available for rent on Polaris Parkway.
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    600 State St
    Westerville, OH 43082
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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
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