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Property profile & analytics
FOR SALE
Office buildings

116 County Line Rd West Westerville, OH 43082

9,644 SF Built 2004
Entity Owned 20-yr Hold Free & Clear
Property ID
US66-1880898
116 County Line Rd West, Westerville, OH 43082 For Sale
$2,473,000 9,644 SF
116 County Line Rd West, Westerville, OH 43082
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Property summary
AI-generated overview

This exceptional 9,644-square-foot creative office building presents a compelling owner-user investment opportunity in Westerville, Ohio. Built in 2004, this two-story Class C building is currently vacant and offers significant potential. The property features a large, impressive studio space with high ceilings (71 ft x 35 ft), ideal for a variety of creative uses. On-site parking is available, adding convenience for employees and clients. Some existing office furniture, including cubicles, desks, chairs, and filing cabinets, will remain, providing a head start for the new owner. Located at 116 County Line Rd W, Westerville, OH 43082, this property benefits from its location in desirable Delaware County, offering easy access to major interstates and downtown Columbus. Annual property taxes are $28,062 (based on the 2023 tax rate), and monthly condo dues are $1,026.73. The asking price is $2,730,000, translating to $283.08 per square foot. This represents a strong value proposition for a business seeking a well-located, functional space with existing infrastructure. The property's parcel number is 317-334-01-026-500. This is a rare chance to acquire a substantial, adaptable office building in a thriving Ohio community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Total area 9,644 SF
APN 317-334-01-026-500
UPID US66-1880898
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
  • RadioU Radio Station Telecommunications Service
  • Spirit Communications Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$1.02M
Owner & transaction history
Spirit Communications INC · 20 yrs held
Spirit Communications INC
since 2006
1 recorded transaction
2006
$934,089
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.7M +34.7%
Auto repair, garage $1.4M +14.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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