444 Cleveland AveWesterville, OH 43082

Property Details for 444 Cleveland Ave

Year built

2001

Lot size

3.82 AC

Property size (Sq ft)

41,880 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

317-333-01-014-003

APU

31733301014003

Description

This exceptional three-story medical office building, totaling 41,739 square feet, boasts a coveted location on Westerville's "Medical Mile." The Class B building, constructed in 2002, offers multiple tenancy options ranging from 2,709 to 28,365 contiguous square feet, with a total of 10 suites. Currently, there is 106,071 square feet of vacant space available. The property features ample parking with a 5:1,000 square foot ratio, ensuring convenient access for patients and staff. Its strategic location provides easy access to major thoroughfares, including I-270 and I-71, enhancing visibility and accessibility. The building is situated at the intersection of N Cleveland Ave and County Line Rd W in Delaware County's Northeast submarket (Westerville/Polaris cluster), offering excellent monument signage opportunities. Elevators are available for convenient access to all three floors. This property presents a unique opportunity for medical practices seeking a prominent and well-equipped space in a thriving medical hub.

• CAP approach

  CAP return

  Valuation

  6%

  $7,888,125

  6.5%

  $7,281,346

  7%

  $6,761,250

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,917,455

  Geo Method

  $3,917,455

• Alternative Use

  Use

  Valuation

  Residential

  $9,028,869

  Hospitality

  $8,270,396

  Educational

  $6,880,872

  Medical

  $7,117,516

  Retail

  $10,703,579

Location Insight

City

Westerville

County

Delaware

State

Ohio

Latitude

40.1379

Longitude

-82.9464

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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