Office

450 Alkyre Run Drive

450 Alkyre Run Drive United States Properties 450 Alkyre Run ... Multiple Spaces For Sale Office 450 Alkyre Run Drive 450 Alkyre Run Dr., Westerville, OH 43082

Price

$1,040,000

Square Feet

39,728

Price/Sq Ft

$26.18

Description

450 Alkyre Run Drive - Available for sale

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

450 Alkyre Run Drive United States Properties 450 Alkyre Run ... Multiple Spaces For Sale Office 450 Alkyre Run Drive 450 Alkyre Run Dr., Westerville, OH 43082

Leaflet © OpenStreetMap contributors

Property Details

Building Size39,728 SF

Year Built2005

Market Context

This office in Westerville, OH is listed for sale at $1,040,000 across 39,728 SF ($26/SF). The building dates to 2005. It has been on the market for 142 days.

As of Q1 2026, the Columbus office market showed a 20.4% vacancy rate, and average asking rents near $22.67/SF/yr. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

indicative confidence

Projected asking rent

$22.67/SF/yr

Estimated sale value

$105–$178/SF

Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Columbus office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat).

View the full Columbus Office market report →

Above-average vacancy gives buyers leverage and a wide set of comparables.

Compare it against other office listings for sale in Westerville, OH to benchmark pricing and space — view the full market.

Office market FAQ

Is the Columbus office market tightening or softening?: Vacancy is around 20.4% (Q1 2026).

Unified Estimate

Medium Confidence

$20.61/SF-$27.89/SF

Mid: $24.25/SF

Total estimate for 39,728 SF

$963,404

Rate estimator only; cost-of-business estimate unavailable.

Sale Price History

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.