951 Worthington Woods Loop RdColumbus, OH 43085

Property Details for 951 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

610-266016

APU

610266016

Description

This exceptional 1,200 square foot office condominium, part of a nine-unit complex situated within the Worthington Woods Loop Office Park in Columbus, Ohio, presents a remarkable investment opportunity. Located conveniently east of I-270 and SR 23, off Campus View Boulevard and west of the South Galena Road intersection, this property boasts a prime location. The 10,800 square foot building, constructed in 2002 and extensively renovated in 2022, offers outstanding finishes and a turnkey setup. The unit itself features a welcoming reception area, five private offices, a kitchenette, a restroom, and a mechanical closet. The property sits on a 1.29-acre lot (4,791.6 sq ft) and includes ample parking. A low monthly condo fee of $125 covers exterior maintenance, parking lot and driveway maintenance, lawn care and landscaping, water, sewer, trash removal, snow removal, pest control, and security. 2023 property taxes amounted to $6,324. This property is ideally suited for a variety of professional services, including financial services, accounting firms, insurance agencies, real estate businesses, and law offices. The asking price is $172,500, translating to $143.75 per square foot. This is a fantastic opportunity for an owner-occupant seeking a move-in ready space in a desirable location.

• 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

40.119

Longitude

-82.9906

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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