Back to Search
Property profile & analytics
FOR LEASE
Day care centers
600 N State St Westerville, OH 43082
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0024962
For Lease
1 / 4
$12.50 SF/Yr
600 N State St, Westerville, OH 43082
View Listing →
Property summary
AI-generated overview
This exceptional 1.42-acre commercial land parcel, located at 600 N State St, Westerville, OH 43082, presents a unique build-to-suit opportunity. The site boasts a total of 61,855 square feet and is zoned for commercial development. A new building of up to 24,000 square feet, across two stories, is feasible. The property offers ample parking with 73 spaces available on-site. Currently vacant, this site provides flexibility for a variety of retail or office uses. The minimum divisible space is 12,000 square feet, with a maximum contiguous space of 24,000 square feet. The property is conveniently located in the Northeast submarket of Westerville, within the Westerville submarket cluster in Delaware County. Its advantageous location is behind the Nikou Learning Center, with the lot fronting Office Parkway, ensuring high visibility and accessibility. This is an ideal location for businesses seeking a prominent presence in a thriving area. The property's size and location make it an excellent investment opportunity for developers and businesses alike.
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2007
Total area
9,740 SF
Lot
1.35 ac (58,632 SF)
APN
317-334-03-005-000
UPID
US66-0024962
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
-
City Barbeque Take-out & Catering Catering Service
-
The Nest Schools Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.43M
Owner & transaction history
Scf Rc Funding IV LLC · 4 yrs held
Scf Rc Funding IV LLC
since 2021
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,295,000
ML approach
$2,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±10% · vs last sale $2.63M (Nov 22 2021)
Last sale anchor
$2.63M
Nov 22 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$249 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$55,576
Tax year 2023
Assessed value
$752,500
Assessed 2023
Previous assessed
$920,500
-18.3% YoY
Effective rate
7.39%
On assessed value
Assessed land
$141,330
Assessed improvement
$611,170
Land market value
$403,800
Improvement market value
$1,746,200
Total market value
$2,150,000
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
For Lease
Year built
2007
Heating
YES
Cooling
YES
Stories
1
Total area
9,740 SF
Lot
1.35 ac (58,632 SF)
APN
317-334-03-005-000
UPID
US66-0024962
Jurisdiction
DELAWARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
YES
Cooling
Yes
Stories
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Scf Rc Funding IV LLC
Entity
Mailing address
600 N STATE ST, WESTERVILLE, OH 43082-9083
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
$2,630,000
Scf Rc Funding IV LLC
600 North State Street Ll
Limited Warranty Deed
—
Aug 31, 2010
—
600 North State Street LLC
—
Deed Of Trust
related
$1,644,882 · Peoples Bank & Trust
Mar 19, 2007
—
North State Street LLC
600 North State Street LLC
Quit Claim Deed
—
Jul 3, 2006
$795,000
600 North State Street LLC
Westerville Free Will Baptist Churc
Warranty Deed
$640,000 · Peoples Bank NA
—
—
600 North State Street LLC
—
Deed Of Trust
related
$25,500 · Peoples Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
