116 County Line RdWesterville, OH 43082
- Office properties
- 9,644 SF
Property Details for 116 County Line Rd
- Year built
- 2004
- Property size (Sq ft)
- 9,644 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 317-334-01-026-500
- APU
- 31733401026500
Description
This exceptional 9,644-square-foot creative office building presents a compelling owner-user investment opportunity in Westerville, Ohio. Built in 2004, this two-story Class C building is currently vacant and offers significant potential. The property features a large, impressive studio space with high ceilings (71 ft x 35 ft), ideal for a variety of creative uses. On-site parking is available, adding convenience for employees and clients. Some existing office furniture, including cubicles, desks, chairs, and filing cabinets, will remain, providing a head start for the new owner. Located at 116 County Line Rd W, Westerville, OH 43082, this property benefits from its location in desirable Delaware County, offering easy access to major interstates and downtown Columbus. Annual property taxes are $28,062 (based on the 2023 tax rate), and monthly condo dues are $1,026.73. The asking price is $2,730,000, translating to $283.08 per square foot. This represents a strong value proposition for a business seeking a well-located, functional space with existing infrastructure. The property's parcel number is 317-334-01-026-500. This is a rare chance to acquire a substantial, adaptable office building in a thriving Ohio community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,816,454
- 6.5%
- $1,676,726
- 7%
- $1,556,960
-
Comparable approach
- Method
- Valuation
- Relative Method
- $902,100
- Geo Method
- $902,100
-
Alternative Use
- Use
- Valuation
- Residential
- $2,079,141
- Hospitality
- $1,904,482
- Educational
- $1,584,506
- Medical
- $1,639,000
- Retail
- $2,464,788
Location Insight
- City
- Westerville
- County
- Delaware
- State
- Ohio
- Latitude
- 40.1376
- Longitude
- -82.933
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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