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    444 N Cleveland Ave Westerville, OH 43082

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    444 N Cleveland Ave Westerville, OH 43082


    • Medical Office Space
    • 41,880 SF
    • 3.82 lot acres
    Westerville Medical Office Building For Lease
    $7,325,000
    41,739 SF

    Westerville Medical Office Building

    41,739 SF medical office building on Westerville's "Medical Mile".

    444 N Cleveland Ave, Westerville, OH 43082
    View Listing
    Property ID
    US66-2345733
    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.

    Value Estimations
    $7,325,000
    Cap Rate Potential
    6.1%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Mount Carmel Rehab Services Westerville / Medical Clinic
    • Westar Ob Gyn / Medical Clinic
    • Dr. Alan J. Murnane, MD / Physician
    • Riverside Hearing Services / Medical Clinic
    • Mount Carmel Heart & Vascular Center Westar / Medical Clinic

    Property Details for 444 N Cleveland Ave

    Year built
    2001
    Lot size
    3.82 lot acres
    Property size
    41,880 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    317-333-01-014-003
    APU
    31733301014003

    Description

    This exceptional three-story medical office building, totaling 41,739 square feet, boasts a coveted location on Westerville's "Medical Mile." The Class B building, constructed in 2002, offers multiple tenancy options ranging from 2,709 to 28,365 contiguous square feet, with a total of 10 suites. Currently, there is 106,071 square feet of vacant space available. The property features ample parking with a 5:1,000 square foot ratio, ensuring convenient access for patients and staff. Its strategic location provides easy access to major thoroughfares, including I-270 and I-71, enhancing visibility and accessibility. The building is situated at the intersection of N Cleveland Ave and County Line Rd W in Delaware County's Northeast submarket (Westerville/Polaris cluster), offering excellent monument signage opportunities. Elevators are available for convenient access to all three floors. This property presents a unique opportunity for medical practices seeking a prominent and well-equipped space in a thriving medical hub.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $7,205,000
      ML approach
      $6,920,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $7,380,000
      6.5%
      $6,815,000
      7%
      $6,325,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,735,000
      Market price range: $5.55M - $8.77M
      AI Estimate
      $5,112,000
      Market price range: $1.87M - $5.55M
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $7,220,000
      Current use
      COMMERCIAL (GENERAL)
      $8,275,000
      Change: +15% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,140,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9464
    Latitude
    40.1379
    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
    $230,991
    $393,330
    $2,734,310
    $3,127,640
    -
    $1,123,800
    $7,812,300
    $8,936,100
    View Listing
    More about this property
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