670 Morrison RdGahanna, OH 43230

  • Office properties
  • 65,453 SF
For Lease
$10.95/SF/YR View listing

Property Details for 670 Morrison Rd

Year built
1996
Lot size
4.41 AC
Property size (Sq ft)
65,453 SF
Property type
Office properties
Property subtype
Office buildings
APN
025-011077
APU
25011077

Description

This exceptional three-story executive office building, located at 670 Morrison Road in Gahanna, Ohio, offers 65,453 square feet of high-quality office space. Built in 1997, the property boasts ample parking with a ratio of 5.1 spaces per 1,000 square feet, ensuring convenient access for tenants and their clients. Currently, there is one available suite totaling 21,115 square feet, ideal for a large organization or a company seeking significant expansion. The building's prime location in Franklin County provides excellent visibility and accessibility. The property is classified as a multi-tenant building, offering flexibility for various business needs. This executive office space is perfect for businesses seeking a prestigious address and a functional, well-maintained workspace. The building's design and amenities cater to the needs of professional businesses, providing a productive and comfortable environment. The available suite presents a unique opportunity to secure a substantial and well-located office space in a thriving Gahanna community. The zip code for this property is 43230. This is a rare opportunity to lease a significant amount of space in a well-established building.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,715,269
    6.5%
    $10,814,095
    7%
    $10,041,659
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,122,474
    Geo Method
    $6,122,474
  • Alternative Use

    Use
    Valuation
    Residential
    $13,409,477
    Hospitality
    $12,283,009
    Educational
    $10,219,319
    Medical
    $10,570,778
    Retail
    $15,896,719
670 Morrison Rd, Gahanna, Ohio
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Location Insight

City
Gahanna
County
Franklin
State
Ohio
Latitude
40.001
Longitude
-82.8568
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
$178,503
$242,310
$1,909,740
$2,152,050
-
$692,300
$5,456,400
$6,148,700

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