| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 54th | Fair |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6520 Cooper Meadows Rd, Westerville, OH, 43081, US |
| Region / Metro | Westerville |
| Year of Construction | 1988 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6520 Cooper Meadows Rd Westerville Multifamily Investment
Neighborhood occupancy sits in the low 90s with a renter-occupied share around half of units, supporting a durable tenant base, according to WDSuite’s CRE market data. Proximity to major Columbus employers underpins leasing stability while 1988 vintage offers competitiveness versus older local stock.
The property sits in an Inner Suburb location within the Columbus, OH metro and the neighborhood carries an A- rating, ranking 135 out of 580 metro neighborhoods — a competitive, top-quartile position among Columbus peers. Neighborhood metrics referenced here describe the surrounding area, not the property itself.
Access to daily needs is solid: restaurants and groceries rank competitive among Columbus neighborhoods, while parks are in the stronger cohort locally. Cafe and pharmacy density is thinner nearby, so residents may rely on adjacent corridors for those services.
Renter demand fundamentals are supportive. At the neighborhood level, about 51% of housing units are renter-occupied, indicating a deep tenant pool and broad applicability for multifamily. Neighborhood occupancy is in the low 90s and has improved over the last five years, reinforcing stability. Median contract rents track mid-market for the metro, pointing to balanced pricing power.
Within a 3-mile radius, population and households have grown in recent years, and projections indicate more households alongside smaller average household sizes — dynamics that typically expand the renter pool and support occupancy. In a high-cost ownership market this would imply stronger pricing power, but here ownership costs are more accessible relative to many coastal markets, so lease retention will depend more on property quality, convenience, and management.
Safety indicators for the surrounding neighborhood trend weaker than both national and Columbus metro benchmarks, with crime levels ranking below average among the 580 metro neighborhoods. Nationally, the area sits in lower safety percentiles, so investors should underwrite with conservative assumptions for security measures and tenant screening.
Recent data also shows a year-over-year uptick in both property and violent offenses locally. While these are neighborhood-level figures rather than property-specific, monitoring trend direction and coordinating appropriate on-site controls can help support leasing and retention.
The location benefits from proximity to established corporate employers that sustain a broad commuter base and support workforce housing demand, including L Brands, Wesco Distribution, Dr Pepper Snapple Group, Fuse by Cardinal Health, and Cardinal Health.
- L Brands — corporate offices (4.1 miles) — HQ
- Wesco Distribution — corporate offices (6.3 miles)
- Dr Pepper Snapple Group — corporate offices (8.0 miles)
- Fuse by Cardinal Health — corporate innovation/tech (8.8 miles)
- Cardinal Health — corporate offices (9.7 miles) — HQ
Constructed in 1988, this 48-unit asset is newer than the neighborhood’s average vintage, positioning it competitively against older stock while leaving room for targeted modernization to enhance rents and retention. Neighborhood indicators show a renter-occupied share near half of housing units and occupancy in the low 90s, supporting demand stability; according to CRE market data from WDSuite, the area ranks in the competitive tier among Columbus neighborhoods for overall livability and amenities.
Within a 3-mile radius, recent growth in population and households and a projected increase in household counts alongside smaller household sizes point to a larger tenant base over time. Mid-market rent positioning and proximity to major employers add support for leasing velocity. Key underwriting considerations include measured affordability pressure relative to local incomes, softer neighborhood safety metrics versus metro and national benchmarks, and routine capex planning typical for late-1980s construction.
- 1988 vintage offers competitive positioning with potential modernization upside
- Neighborhood renter concentration and low-90s occupancy support demand stability
- Proximity to major Columbus employers underpins leasing and retention
- 3-mile household growth and smaller household sizes expand the tenant base
- Risks: affordability pressure, below-average neighborhood safety, and typical late-1980s capex