470 Olde Worthington RdWesterville, OH 43082

  • Office properties
  • 92,496 SF
For Lease
$22.32/SF/YR View listing

Property Details for 470 Olde Worthington Rd

Year built
2000
Lot size
5.81 AC
Property size (Sq ft)
92,496 SF
Property type
Office properties
Property subtype
Office buildings
APN
318-443-01-008-002
APU
31844301008002

Description

This exceptional Class A office building, located at 470 Olde Worthington Rd in Westerville, Ohio, offers a variety of flexible spaces ideal for businesses of all sizes. Built in 2000 and extensively renovated in 2020, the property boasts 88,661 square feet across four stories, providing a modern and efficient work environment. The building features three high-speed elevators for convenient access to all floors. Multiple tenancy options are available, with suites ranging from a minimum of 2,000 square feet to a maximum contiguous space of 6,886 square feet. Currently, 12,415 square feet of space is immediately available. The property is situated in the desirable Polaris submarket of Delaware County, offering easy access to major transportation routes and amenities. Ample parking is provided with a ratio of 4 spaces per 1,000 square feet. This meticulously maintained building presents a unique opportunity to establish your business in a prestigious location with modern conveniences and a highly sought-after address. The property's strategic location within the Polaris submarket ensures excellent visibility and accessibility for employees and clients alike. Contact us today to schedule a viewing and explore the possibilities. Zip code: 43082.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $17,421,682
    6.5%
    $16,081,552
    7%
    $14,932,870
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,652,076
    Geo Method
    $8,652,076
  • Alternative Use

    Use
    Valuation
    Residential
    $19,941,124
    Hospitality
    $18,265,964
    Educational
    $15,197,067
    Medical
    $15,719,717
    Retail
    $23,639,882
470 Olde Worthington Rd, Westerville, Ohio

Location Insight

City
Westerville
County
Delaware
State
Ohio
Latitude
40.1392
Longitude
-82.9644
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
$170,581
$341,880
$1,762,220
$2,104,100
-
$976,800
$5,034,900
$6,011,700

FAQs

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