501 Schrock RdWesterville, OH 43081

For Sale
Call for price

Prime Westerville Office Building, 60,133 SF

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 60,133-square-foot executive office building, located at 501 W Schrock Rd in Westerville, Ohio (zip code 43081), presents a compelling investment opportunity. Situated on a 4.96-acre lot, the property boasts 270 parking spaces and is currently 100% occupied, generating a projected Net Operating Income (NOI) of $663,743 as of March 1, 2025. The asking price is $6,200,000, representing a compelling 10.7% capitalization rate and a 10.31% cash-on-cash return. Built to corporate headquarters standards, the building features high-quality construction and design, including floor-to-ceiling glass throughout and an outdoor amenity space for tenants. The efficient office suites are move-in ready. This landmark building enjoys a prime location in the Schrock Road corridor, with minimal competition from other Class A office properties, consistently ranking among the top suburban office buildings in the Columbus market. The lease term is five years. This property offers a rare opportunity to acquire a high-performing, well-located asset in a thriving market.

Highlights

  • Corporate HQ-quality construction and design.
  • Move-in ready, efficient office suites.
  • Floor-to-ceiling glass throughout.
  • Outdoor tenant amenity space.
  • $6,200,000 asking price ($103.10/SF).
  • 10.7% capitalization rate.

Property Details for 501 Schrock Rd

Property type
Other office properties, Office properties
Square Feet
60,133 SF
Lot Size (sq. ft)
216,058 SF

Location Insight

City
Westerville
County
Franklin
State
Ohio
Latitude
40.1102561
Longitude
-82.9435213
501 Schrock Rd, Westerville, Ohio

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501 Schrock Rd
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