116 County Line RdWesterville, OH 43082

  • Office properties
  • 9,644 SF
For Sale
$2,730,000 View listing

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
116 County Line Rd, Westerville, Ohio

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

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
$6,126
$58,030
$321,930
$379,960
-
$165,800
$919,800
$1,085,600

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