971 Worthington Woods Loop RdColumbus, OH 43085

Property Details for 971 Worthington Woods Loop Rd

Year built

2002

Construction

WOOD

Lot size

0.03 AC

Property size (Sq ft)

1,200 SF

Property type

Office properties

APN

610-266021

APU

610266021

Description

This Columbus, Ohio commercial property offers four individual 1,200 square foot office units totaling 10,800 square feet on a 10,018.8 square foot lot. Each unit, located at 971, 959, 963, and 967 Worthington Woods Loop Road (43085), features a private entrance, restrooms, offices, conference rooms, and a lobby. Built in 2002, the solid brick ranch-style building boasts many recent updates and is ideally suited for various small businesses, including medical practices, legal offices, financial institutions, and accounting firms. The property is conveniently located near major roadways including routes 23, 270, Worthington Galena Road, Campus View Boulevard, and Sancus Boulevard. The current owner occupies all four units but plans to convert the space into two 2,400 square foot offices. The HOA covers all exterior maintenance. The asking price is $350,000, with a price per square foot of $145.83. Each unit has its own parcel number. A patio area is accessible from each unit's back door.

• CAP approach

  CAP return

  Valuation

  6%

  $163,141

  6.5%

  $150,591

  7%

  $139,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $112,248

  Geo Method

  $112,248

• Alternative Use

  Use

  Valuation

  Residential

  $186,733

  Hospitality

  $171,047

  Educational

  $142,309

  Medical

  $147,203

  Retail

  $221,369

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.1187

Longitude

-82.9906

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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