4140 Executive PkwyWesterville, OH 43081

Property Details for 4140 Executive Pkwy

Year built

1999

Lot size

3.01 AC

Property size (Sq ft)

47,699 SF

Property type

Office properties

Property subtype

Office buildings

APN

110-005860

APU

110005860

Description

This exceptional two-story office building, totaling 47,700 square feet, sits on a meticulously landscaped 5.36-acre lot in Westerville, Ohio. Built in 1999, this Class B property features two units currently occupied by multiple tenants under a NNN lease. The building boasts ample parking with 300 spaces and a convenient covered drop-off area. Its previous use as a school provides unique features including numerous large classrooms, conference rooms, and a cafeteria with a kitchen. The property enjoys a prominent location with monument signage opportunities and excellent highway access, situated within two minutes of I-270, SR-161, and Sunbury Road. The sale price per unit is $4,535,000. The building offers a flexible square footage ranging from 23,850 to 47,700 square feet, making it suitable for a variety of uses. This investment opportunity presents a unique blend of functionality and prime location in the thriving Westerville market. The property is located at 4140 Executive Parkway, Westerville, OH 43081, in Franklin County.

• CAP approach

  CAP return

  Valuation

  6%

  $8,984,138

  6.5%

  $8,293,050

  7%

  $7,700,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,461,764

  Geo Method

  $4,461,764

• Alternative Use

  Use

  Valuation

  Residential

  $10,283,382

  Hospitality

  $9,419,523

  Educational

  $7,836,932

  Medical

  $8,106,456

  Retail

  $12,190,784

Location Insight

City

Westerville

County

Franklin

State

Ohio

Latitude

40.0843

Longitude

-82.9018

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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