Property profile

190 State St Sta A Westerville, OH 43081

OFF-MARKET
Office Spaces
Property ID
US66-2529174
3,243 SF 0.08 ac lot Built 1987
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional multi-level office condo, located at 190 S State Street Unit D in Westerville, Ohio, presents a unique investment opportunity. Boasting 2,416 square feet situated on a 0.22-acre lot, the property offers excellent visibility and signage due to its prime location. The building features two separate entrances, allowing for the use of one or two distinct suites, each with its own identity and access. A beautifully landscaped outdoor patio area provides a pleasant amenity, complemented by a large parking area at the rear of the building. The convenient location is just one block from Uptown Westerville, placing it within easy walking distance of a variety of shops, coffee houses, and restaurants. The proximity to the post office adds further convenience. Commuting is simplified by easy access to I-270 and SR 71 North/South. The interior layout is split across two floors, each accessible via its own entrance. The current owner is open to leasing the second floor, offering a potential rental income of $1,250 per month, plus a monthly utility fee. This property is ideal for businesses seeking a high-visibility location with ample space and convenient access to amenities and major roadways. The combination of ownership and potential rental income makes this a compelling investment opportunity in a thriving Westerville location. The asking price for this property is $375,000.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1987
Construction WOOD
Total area 3,243 SF
Lot 0.08 ac (3,615 SF)
APN 080-010047
UPID US66-2529174

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
  • Hardware & Home Improvement General Contractor
  • Tax Preparation
  • Pediatrician Physician
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Pediatrician Physician

Location

190 State St Sta, Unit A Westerville, OH 43081-2200
Westerville metro Census 7020 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2020
Last sale
$345,000
3 recorded transactions
2020
$345,000
2016
$485,000
2008
Price N/A

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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