Dublin Office/Warehouse with Flexible
7007 Discovery Boulevard Dublin, OH 43017
For Sale
$16,100,000
Free-standing Dublin office/warehouse with flexible occupancy and income options.
Property Size190,436 SF
Price / SF$84.54
Days on Market183
Property Features for 7007 Discovery Boulevard
General Information
Standard status
Active
Size
190,436 SF
Property subtype
Office
Building Details
Year Built
1994
Listing Agency:
Elford Realty, Inc
(614) 582-5521
Listed By:
Andy Mills, SIOR, CCIM · License ##SAL.2020000409
Source:
Corfac
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 28 at 6:54AM
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 Elford Realty, Inc
Investment Insights
Based on property information with market context.
This free-standing, second-generation office/warehouse is located in Dublin, set amid mature landscaping and green space. The property is near the Avery-Muirfield and SR-33/SR-161 interchanges, providing convenient access to I-270 and nearby amenities. Priced below replacement cost, it is suitable for both owner-occupants and investors. The office space features an elevator and open staircase, with an open plan including huddle, conference, and training areas. Clear heights are approximately 12–14 feet in the office and 20 feet in the warehouse. Potential building signage is available above a dedicated entrance. Two warehouse tenants are currently on short-term leases. An existing tenant is open to remaining in approximately 25,000 square feet. The office tenant is also willing to stay in a portion of the space, offering flexible occupancy and income options. The property is located right off Avery-Muirfield Road between Perimeter Drive and Post Road.
Key Highlights
- Priced below replacement cost, appealing to both owner‑occupants and investors.
- Flexible occupancy and income options with existing tenants willing to remain in portions of the office and warehouse space.
- Convenient access to Avery‑Muirfield, SR‑33/SR‑161 interchanges, I‑270, and area amenities.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.21M | $6.36 |
| − Vacancy | −$102.3k | −$0.54 |
| EGI | $1.11M | $5.82 |
| − OpEx | −$388.1k | −$2.04 |
| NOI | $720.7k | $3.78 |
190,436 SF · lease $6.36/SF/yr · vacancy 8.45% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$38.38M
$33.58M – $44.78M
NOI $2,686,793 @ 7.0% cap · market cap 16.69%
Second Best
Office B
$33.49M
$29.31M – $39.08M
NOI $2,344,648 @ 7.0% cap · market cap 14.56%
Theoretical Best
Specialty Retail
$38.82M
$33.97M – $45.30M
NOI $2,717,708 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Free-standing Dublin office/warehouse with flexible occupancy and income options.
Where is this flex space located?
The property is located at 7007 Discovery Boulevard Dublin, OH.
What is the asking price?
The asking price for this property is $16,100,000.
What are key features of this property?
This property features: Priced below replacement cost, appealing to both owner‑occupants and investors.; Flexible occupancy and income options with existing tenants willing to remain in portions of the office and warehouse space.; Convenient access to Avery‑Muirfield, SR‑33/SR‑161 interchanges, I‑270, and area amenities.
