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Property profile & analytics
FOR LEASE
Office buildings

560 N Cleveland Ave Westerville, OH 43082

19,840 SF 0.25 ac lot Built 2007
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-2555776
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 of 2,011 square feet to a maximum contiguous space of 9,938 square feet. The building features two stories, with 9,938 square feet available on the first floor and 9,077 square feet on the second floor. The building offers excellent parking with 80 spaces available for tenants and visitors. The property is ideal for medical practices seeking high-quality space in a thriving medical corridor. Building signage opportunities are available on Cleveland Avenue, providing excellent visibility for your business. The location benefits from the presence of 50 referring primary care physicians in the immediate vicinity, creating a strong referral network for potential tenants. This is a rare opportunity to secure prime medical office space in a highly desirable location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 19,840 SF
Lot 0.25 ac (10,934 SF)
APN 317-333-01-006-002
UPID US66-2555776
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
  • Dr. Joseph Wilcox Physician
  • Beth Schroeder Physician
  • Dr. Jason Ferrel Physician
  • Kristine Cameron Physician
  • Amy Cruise Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.01M
Comparable Approach Comparable
$3.19M
Blend (final) Blend
$3.11M
Owner & transaction history
Vpu Westerville IV LLC · 1 yrs held
Vpu Westerville IV LLC
since 2024
Last sale
$3.0M
4 recorded transactions
2024
$3.0M
2014
Price N/A
2011
$2.0M
2009
$1.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.9M +54.4%
Medical building $3.4M +34.7%
Auto repair, garage $2.9M +14.5%
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