116 County Line RdWesterville, OH 43082

Property Details for 116 County Line Rd

Year built

2004

Property size (Sq ft)

9,644 SF

Property type

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.

• 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

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