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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7790 Central Dr Lewis Center, OH 43035

    • Office buildings
    • 9,520 SF
    • 2.12 lot acres
    For Lease
    View listing
    Last Sale
    Jan 06, 2021
    $980,000
    Value Estimations
    $945,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0893580
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Genesis Building Systems / Fire Protection Equipment Supplier / Fire Protection Service

    Property Details for 7790 Central Dr

    Year built
    1984
    Lot size
    2.12 lot acres
    Property size
    9,520 SF
    Property type
    Office buildings
    APN
    318-240-02-013-000
    APU
    31824002013000

    Description

    This exceptional Class A industrial property, located at 7790 North Central Drive, Lewis Center, OH 43035, offers 12,000 square feet of flexible space ideal for manufacturing, distribution, R&D, or flex uses. Situated on a 2.12-acre lot in Delaware County's Planned Industrial District, this property boasts two single-story buildings with a generous 19-foot ceiling height. The space is divisible, with minimum leasable units of 4,000 square feet and the potential to lease the entire 12,000 square feet contiguously. The property features convenient access with three drive-in doors and one shared loading dock, ensuring efficient loading and unloading. Three-phase power is available, catering to a variety of industrial needs. The property is currently fully vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to occupy smaller, divisible units. The cross street is East Orange Road, providing excellent accessibility and visibility. This prime location offers a strategic advantage for businesses seeking efficient and modern industrial space in a thriving area. The property's zoning as Planned Industrial District ensures compatibility with a wide range of industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $855,000
      ML approach
      $840,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,280,000
      Market price range: $765k - $1.58M
      AI Estimate
      $1,061,000
      Market price range: $379k - $1.30M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,040,000
      Current use
      MEDICAL BUILDING
      $1,565,000
      Change: +51% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,395,000
      Change: +34% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,195,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $1,100,000
      Change: +6% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Center
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0138
    Latitude
    40.1778
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,182
    $74,200
    $279,090
    $353,290
    -
    $212,000
    $797,400
    $1,009,400

    Comparable in this City

    • Value Estimation
      $1,090,000
      7,146 SF

      428 Epic Dr

      OFFICE BUILDING • 7,146 SF
      428 Epic Dr, Lewis Center, OH 43035-7859
      View Details
    • Value Estimation
      $25,690,000
      240,300 SF

      7115 Grn Mdws Dr

      OFFICE BUILDING • 240,300 SF
      7115 Grn Mdws Dr, Lewis Center, OH 43035-9445
      View Details
    • Value Estimation by Request
      2,946 SF

      631 Bear Run Ln

      OFFICE BUILDING • 2,946 SF
      631 Bear Run Ln, Lewis Center, OH 43035-7133
      View Details
    • Value Estimation by Request
      1,776 SF

      630 Bear Run Ln

      OFFICE BUILDING • 1,776 SF
      630 Bear Run Ln, Lewis Center, OH 43035-8299
      View Details
    • Value Estimation by Request
      1,776 SF

      8542 Cotter St

      OFFICE BUILDING • 1,776 SF
      8542 Cotter St, Lewis Center, OH 43035-7138
      View Details
    • Value Estimation
      $9,260,000
      110,842 SF

      7787 Graphics Way

      OFFICE BUILDING • 110,842 SF
      7787 Graphics Way, Lewis Center, OH 43035-8000
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Green Meadows Corporate Park Office

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    • $4,795,000
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      Lewis Center Climate-Controlled Industrial Building

      Versatile 37,500 SF industrial building with office and warehouse space.
      535 Enterprise Dr, Lewis Center, OH 43035
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      84,824 SF

      Lewis Center Warehouse/Production Facility

      84,000 SF warehouse/production facility with office space available for sale.
      7801 N Central Dr, Lewis Center, OH 43035
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    • Contact for pricing
      12,432 SF

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    Similar Nearby for Lease

    • $15 SF/Yr
      41,818 SF

      Office and Flex Space Available

      Two-story office building with flex space in Lewis Center.
      171 Green Meadows Dr South, Lewis Center, OH 43035
      View Details
    • $204 SF/Yr
      4,770 SF

      Lewis Center Commercial Space

      Flexible Office, Warehouse, & Flex Units
      7500 Green Meadows Dr, Lewis Center, OH 43035
      View Details
    • $10 SF/Yr
      2,233 SF

      Polaris Flex Space For Rent

      Flex space near I-71 and Route 23 available for rent.
      8752-8958 Cotter St, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      14,400 SF

      Expandable Warehouse with Office Space

      Warehouse with office space in a prime north end location.
      209 Green Meadows Dr South, Lewis Center, OH 43035
      View Details
    • $11 SF/Yr
      1,365 SF

      Office Space Near Polaris

      Office space for rent near Polaris with ample parking.
      640-676 Enterprise Dr, Lewis Center, OH 43035
      View Details
    • $461,538
      3,200 SF

      Lewis Center Flex Office/Warehouse Condo

      Versatile 3,200 SF flex space in Green Meadows Commerce Center.
      705 Radio Dr, Lewis Center, OH 43035
      View Details
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    7790 Central Dr
    Lewis Center, OH 43035
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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