Financial
Distress signals
Property profile

560 N Cleveland Ave Westerville, OH 43082

FOR LEASE
Office buildings
Property ID
US66-2555776
19,840 SF 0.25 ac lot Built 2007
Last sale Aug 2024 · $2,999,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 19,840 square foot medical office building, constructed in 2007, is situated at 560 N Cleveland Ave in Westerville, Ohio, 43082. The property boasts a convenient location just south of Polaris Parkway in the Westar/Medical Mile area, benefiting from high visibility and proximity to a significant concentration of medical professionals. Currently, there is 19,015 square feet of vacant space available, offering flexible options for tenants. Divisible spaces range from a minimum

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$89k
Tax billed · 2023
Assessed value$1.21M
Assessed land$29k
Assessed improvement$1.18M
Effective rate7.39%

Value estimate

· Sep 2026
$3.11M
$2.79M – $3.42M
CAP approach$4.01M
Submarket $/SF estimate$3.19M
NOI build-up
Gross scheduled income$217k
Vacancy & credit loss−$42k
Operating expenses−$70k
NOI · 619,946.90% cap applied$105k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$128/SF
ZIP average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$89 – $161
Qualifying comparables3

Cap rate analysis

How does the asset earn?
619,946.90%
$105k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDELAWARE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop15.8
Kitchen & Bath12.8
Storage Facility12.6

Location

560 N Cleveland Ave Westerville, OH 43082
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6201 Maxtown, Westerville, OH 43082-8685 $2,000,000 Jan 2025 7,124 SF
585 Ofc, Westerville, OH 43082-7064 $905,000 May 2023 5,180 SF
751 Intek, Westerville, OH 43082-9056 $587,333 Sep 2022 12,372 SF
6111 Maxtown, Westerville, OH 43082-9051 $1,400,000 Jan 2022 32,270 SF
750 Northfield, Westerville, OH 43082-8726 $2,693,000 Jan 2021 29,634 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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