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Property profile & analytics
OFF-MARKET Estimated value $615,000
Office buildings

519 Otterbein Ave Westerville, OH 43081-2953

7,040 SF 0.56 ac lot Built 1972
Entity Owned 12-yr Hold Free & Clear
Property ID
US66-1522686
Property summary
AI-generated overview

This exceptional executive office suite, located at 519 S Otterbein Ave in Westerville, Ohio, presents a fantastic opportunity for businesses seeking a prestigious address. The property, situated in the desirable Westerville submarket of Franklin County, offers a total of 5,783 square feet across two stories. Currently, there is 1,251 square feet of vacant space available, perfect for a single tenant or small business requiring approximately 851 square feet. The building is conveniently located near the intersection of Otterbein Avenue and Schrock Road. While the building does not feature elevators, its two-story design ensures easy accessibility. The property is classified as a multi-tenant building, providing a collaborative and professional environment. The address, 519 S Otterbein Ave, Westerville, OH 43081, places your business in a thriving and well-established commercial area. This is an ideal location for businesses seeking high visibility and easy access to major transportation routes. The available space is ready for immediate occupancy and offers a chance to establish a strong presence in a sought-after Westerville neighborhood. The property's location and features make it an attractive option for businesses of various sizes and industries. Inquire today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Construction WOOD
Total area 7,040 SF
Lot 0.56 ac (24,306 SF)
APN 080-003398
UPID US66-1522686
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
  • Timothy A. Kennedy Ph.D.,LISW Physician
  • R & R Recognize & Refer Physician Medical Clinic
  • Northern Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
  • Jerry Loos Guitar Training Center Tutoring Service
  • Hope Disability Foundation LLC Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
$694k
Blend (final) Blend
$615k
Owner & transaction history
Clear Horizon Properties LLC · 12 yrs held
Clear Horizon Properties LLC
since 2014
3 recorded transactions
2014
$367,200
2014
$91,800
1998
$65,400
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.0M +17.0%
Retail stores $880,000 +0.8%
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