Property profile

640 Enterprise Dr Lewis Center, OH 43035

OFF-MARKET
Office buildings
Property ID
US66-0417004
5,382 SF 1.37 ac lot Built 1987
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased, multi-tenant office and warehouse complex situated on a 2.78-acre lot in Lewis Center, Ohio. The property boasts 15,092 square feet of gross building area, spread across four buildings, constructed in 1987. Currently operating at 100% occupancy under a net lease, this property offers a compelling 7.30% cap rate and an asking price of $2,195,000. Conveniently located minutes from Polaris, the property benefits from easy access to major highways including I-71, I-270, and I-70, providing excellent accessibility for tenants and employees. Ample parking is available, with 8.15 spaces per 1,000 square feet, catering to both staff and clients. The property features attractive, well-maintained buildings and includes desirable amenities such as an exterior seating area, a conference room, and private restrooms within the suites. The property's location offers proximity to a wealth of restaurants, retail, and service amenities. Delaware County Parcel numbers are 31834201003000 and 31834201002000. This is a rare opportunity to acquire a well-positioned, high-performing commercial property with significant upside potential.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 5,382 SF
Lot 1.37 ac (59,677 SF)
APN 318-342-01-002-000
UPID US66-0417004

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Accounting Firm Tax Preparation
  • Physician

Location

640 Enterprise Dr Lewis Center, OH 43035-9440
Lewis Center metro Census 11561 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$640k
Blend (final) Blend
$135k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2020
$137,500
2018
Price N/A
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $790,000 +34.3%
Warehouse, storage $675,000 +15.2%
Retail stores $620,000 +6.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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