Technical
Financial
Distress signals
Property profile

515 State St Westerville, OH 43081

OFF-MARKET
Commercial real estate
Property ID
US66-1978164
3,429 SF 0.77 ac lot Built 1981
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 515 S State Street in Westerville, Ohio, presents a unique leasing opportunity. Situated on a 0.77-acre lot in the heart of Westerville's premier retail corridor, this single-tenant building offers 3,429 square feet of vacant space, ideal for a variety of commercial uses. The property's address is 515 S State St, Westerville, OH 43081, within Franklin County. The building is classified as both retail and land, making it suitable for businesses requiring both storefront presence and potential for outdoor operations. The entire 3,429 square feet is currently available for lease, providing a blank canvas for a new tenant to customize the space to their specific needs. Its location within a thriving retail area ensures high visibility and foot traffic, offering significant potential for business growth. This property represents a compelling investment opportunity for businesses seeking a prominent location in a dynamic and desirable market. The property's size and location make it an attractive option for a wide range of retail businesses. Interested parties are encouraged to inquire further to explore the possibilities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1981
Construction WOOD
Total area 3,429 SF
Lot 0.77 ac (33,672 SF)
APN 080-008447
UPID US66-1978164

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
  • (Bike/Boat/Book/etc) Store Printing Service

Location

515 State St Westerville, OH 43081-2921
Westerville metro Census 7010 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2005
4 recorded transactions
2005
$500,000
1969
Price N/A
1969
Price N/A
1969
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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