971 Worthington Woods Loop RdColumbus, OH 43085

  • Office properties
  • 1,200 SF
For Sale
$350,000 View listing

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
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
971 Worthington Woods Loop Rd, Columbus, Ohio

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

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
$6,324
$17,220
$52,850
$70,070
-
$49,200
$151,000
$200,200

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