Property profile

175 Broadway Ave Westerville, OH 43081

OFF-MARKET
Manufacturing properties
Property ID
US66-1577511
6,352 SF 4.07 ac lot Built 1942
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 175 E Broadway Ave, Westerville, OH 43081 (Broadway & Vine), offers a prime opportunity for businesses seeking flexible space in a highly sought-after location. The 85,000 square foot building features multiple tenancy options, with a minimum divisible space of 10,000 square feet and currently 42,000 square feet available for lease. The property sits on 5 acres of land and boasts impressive features including 16-20 foot ceiling heights, providing ample vertical storage capacity. Efficient operations are ensured with 2 loading docks, 4 dock-high doors, and 4 drive-in doors. Ample parking is available with 130 total spaces. The building is equipped with 480V, 3-phase power, catering to a variety of industrial needs. The property is zoned industrial and situated within the Westerville submarket, offering excellent access to major transportation routes. This versatile space is ideal for manufacturing, warehousing, and distribution operations. The property's location in the Northeast Corridor adds to its appeal.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1942
Total area 6,352 SF
Lot 4.07 ac (177,420 SF)
APN 080-001705
UPID US66-1577511

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Freight Service Logistics Company
  • Home Health Care Service

Location

175 Broadway Ave Westerville, OH 43081-1660
Westerville metro Census 7020 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$845k
Blend (final) Blend
$550k

Owner & transaction history

since 2010
4 recorded transactions
2010
$1.3M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.1M +114.4%
Auto repair, garage $1.0M +105.1%
Neighborhood: shopping center $1.0M +104.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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