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 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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