Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Dublin Office Building For Sale Title is generated by Realmo AI

    109 South High Street, Dublin, OH 43017

    View on Map
    Claim this Listing
    For Sale
    $2,400,000

    Historic office building in Downtown Dublin with income-producing carriage house.

    Type:Office / Office
    Property size:
    3,662 SF
    Price / SF:
    $655/SF
    Added:
    Oct 12, 2024
    Days on Market:
    599
    Last Refresh:
    May 21 at 9:53 am

    Property Features for 109 South High Street

    General Information

    Standard status
    Active
    Size
    3,662 SF
    Property subtype
    Office / Office

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Douglas D Smith

    Listing agent Douglas D Smith License #2018005015

    Listing office The Westwood Real Estate Co.

    Listing date Oct 12, 2024

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Westwood Real Estate Co.

    HighLights

    • Historic property: Black Horse Tavern, built in 1842, in the heart of Downtown Dublin Historic District.
    • Meticulously renovated in 2015, preserving historic character with exposed Black Walnut beams and restored limestone fireplaces.
    • Income‑producing, fully leased Carriage House.
    • Walking distance to Old Dublin and Bridge Park.
    • 14 on‑site parking spaces plus abundant street parking.
    • Updated building mechanicals, infrastructure, and landscaping.

    Overview

    This historic property, originally built in 1842 as the Black Horse Tavern, is located in the heart of Downtown Dublin Historic District. The property was meticulously renovated in 2015, preserving the building's character, including exposed Black Walnut beams and two restored limestone fireplaces, while updating the building's mechanicals, infrastructure, and landscaping. The property includes a fully leased, income-producing Carriage House at the rear, constructed in the 1990s to match the historic character of the main building. The building offers 3,662 square feet of space. Fourteen parking spaces are available on site, with additional street parking in front of the building. The property is within walking distance of Old Dublin and Bridge Park.
    Location Intelligence

    Current Use by Public Records

    Gerber & Mitchell Law Firm Ferraro Wealth Management Financial Advisor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1135241
    Latitude
    40.0974309

    Nearby Similar for Sale

    • $2,200,000

      Renovated Multi-Family Investment Property

      Fully renovated 8-unit complex in desirable Dublin, Ohio.
      438 Edinburgh Road, Dublin, OH 43017
      View Details
    • $2,499,000
      14,592 SF

      Dublin Office Building For Lease

      Class A office space available in Dublin, Ohio.
      6156 Wilcox Rd, Dublin, OH
      View Details
    • $2,500,000
      4,152 SF

      Retail or Medical Office Space

      Commercial lot with high visibility and grandfathered signage.
      48 Corbins Mill Dr, Dublin, OH
      View Details
    • $755,000
      2,577 SF

      Dublin Office Space Available

      Office space available for rent in Dublin, Ohio.
      5850 Venture Dr, Dublin, OH
      View Details
    • $1,500,000
      26,544 SF

      Columbus Office Building For Sale

      Office building for sale in a high-traffic Columbus corridor.
      3800 Dublin Granville Rd, Dublin, OH
      View Details
    • $1,100,000
      10,351 SF

      Free-Standing Office Building For Sale

      Two-story office building with executive suite available in Dublin, OH.
      5060 Parkcenter Ave , Dublin, OH
      View Details
    • $450,000
      2,500 SF

      Dublin Office Condo For Sale

      2,500 SF renovated office condo in Dublin, Ohio.
      6631 Commerce Parkway, Unit A & B, Dublin, OH 43017
      View Details
    • $18,100,000
      190,436 SF

      Dublin Office/Warehouse with Flexible Occupancy

      Free-standing Dublin office/warehouse with flexible occupancy and income options.
      7007 Discovery Boulevard, Dublin, OH 43017
      View Details
    • $1,350,000
      7,020 SF

      Dublin Retail Property For Sale

      Retail property for sale, tenant in place.
      5400 Wilcox Rd, Dublin, OH 43016
      View Details
    • $900,000
      4,096 SF

      Updated Dublin Condo Building

      Four-unit condo building in Dublin school district, generating $86,000 annually.
      2942-2948 Sawdust Lane, Dublin, OH 43017
      View Details
    • $995,000
      3,939 SF

      Stoneridge Medical & Office Center

      Single tenant autism center with expansion potential in Dublin, Ohio.
      4015-4059 Dublin Granville Rd, Dublin, OH
      View Details
    • $2,200,000
      8,448 SF

      Renovated 8-Unit Complex in Dublin

      Fully renovated 8-unit complex in a desirable Dublin location.
      438 Edinburgh Road, Unit 438452, Dublin, OH 43017
      View Details

    FAQs

    What type of property is this?
    Office building - Historic office building in Downtown Dublin with income-producing carriage house.
    Where is this office building located?
    The property is located at 109 South High Street Dublin, OH.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Historic property: Black Horse Tavern, built in 1842, in the heart of Downtown Dublin Historic District.; Meticulously renovated in 2015, preserving historic character with exposed Black Walnut beams and restored limestone fireplaces.; Income‑producing, fully leased Carriage House.
    (614) 869-7139
    We can help!
    Listing Contact
    Douglas D Smith
    Real Estate License ID: 2018005015
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    109 South High Street, Dublin, OH 43017
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!