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Property profile & analytics
FOR LEASE
Office buildings

600 N Cleveland Ave Westerville, OH 43082

95,598 SF 5.27 ac lot Built 2006
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US66-1531047
Property summary
AI-generated overview

This exceptional three-story office building, constructed in 2006, offers 91,342 square feet of versatile space in the highly sought-after Westar submarket of Westerville, Ohio. The property features a single building with multiple tenancy options, catering to businesses of various sizes. Available spaces range from 1,500 to 13,224 square feet, ideal for traditional, executive, or creative office uses. Its strategic location provides convenient access to Interstates 71 and 270, ensuring seamless commutes for employees and clients. The building's proximity to Polaris Fashion Mall, Ikea, Topgolf, and over 60 restaurants adds to its appeal. Beyond its prime location, Altair I boasts a range of amenities designed to enhance productivity and employee well-being. These include an emergency generator for uninterrupted operations, a connecting terrace offering access to two miles of walking paths, and newly renovated tenant lounge and common conference room spaces. Situated in Delaware County, with a Westerville, OH 43082 zip code, this property presents a unique opportunity for businesses seeking a modern, well-equipped, and conveniently located office space.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2006
Total area 95,598 SF
Lot 5.27 ac (229,431 SF)
APN 317-333-01-006-001
UPID US66-1531047
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
  • SalesFuel Advertising Agency Marketing & Advertising
  • TransTech Consulting Business Management Consultant Engineer
  • James Linscott-Hill at Comparion Insurance Agency Insurance Agency
  • Eaton Corporation Building Supply Electrical Service
  • Claudia Palka at Comparion Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$19.32M
Comparable Approach Comparable
$13.75M
Blend (final) Blend
$14.11M
Owner & transaction history
Is Can Westar LP · 6 yrs held
Is Can Westar LP
since 2019
1 recorded transaction
2019
$11.9M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $18.9M +54.4%
Medical building $16.5M +34.7%
Auto repair, garage $14.0M +14.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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