Medical Office Building For
For Sale
Contact for pricing
5050 Blazer Pkwy, Dublin, OH 43017
Two-story medical office building with updated common areas and ample parking.
Property Size18,788 SF
Lot Size2.01 Acres
Price / SF$157.02
Days on Market1235
Property Features for 5050 Blazer Pkwy
General Information
Standard status
Active
Size
18,788 SF
Lot size
2.01 Acres
Property subtype
OFFICE
Listing Agency:
Alterra Real Estate Advisors
(614) 327-4366
Listed By:
Brad L Kitchen, SIOR
(614) 327-4366
Source:
Moodyscre
Added: Mar 16, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:14AM
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 Alterra Real Estate Advisors
Investment Insights
Based on property information with market context.
This two-story multi-tenant medical office property offers a mix of medical and general office spaces. The building features an updated common area lobby and provides 24/7 key card access, along with a passenger elevator. Parking is plentiful, with a ratio of 5.5 spaces per 1,000 square feet. The property is well-maintained and offers convenient access to I-270 off of Frantz Road/SR 161. The building has a total size of 18,788 square feet.
Key Highlights
- Plentiful parking (5.5/1,000 SF)
- Easy access to I‑270 off of Frantz Road/SR 161
- Enjoy 24/7 key card access
Financial Insights For Office B
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 | $405.8k | $21.60 |
| − Vacancy | −$97.4k | −$5.18 |
| EGI | $308.4k | $16.42 |
| − OpEx | −$77.1k | −$4.10 |
| NOI | $231.3k | $12.31 |
18,788 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.30M
$2.89M – $3.86M
NOI $231,318 @ 7.0% cap · market cap 7.84%
Second Best
Healthcare Medical
$2.66M
$2.32M – $3.10M
NOI $185,947 @ 7.0% cap · market cap 6.30%
Theoretical Best
Specialty Retail
$3.83M
$3.35M – $4.47M
NOI $268,123 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,811
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43017, OH
43,619
Population
16,819
Households
2.6
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
16.1 sq mi
ZIP Area
2,709
Density / Sq Mi
$133,116
Median Household Income
$67,448
Median Earnings
$1,563
Median Rent
$475,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Henry Schein Animal Health — 400 Metro Pl N, Dublin, OH 43017
- The Ohio State University Veterinary Medical Center at Dublin URGENT CARE — 5020 Bradenton Ave, Dublin, OH 43017
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical office building with updated common areas and ample parking.
Where is this medical office space located?
The property is located at 5050 Blazer Pkwy Dublin, OH.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Plentiful parking (5.5/1,000 SF); Easy access to I‑270 off of Frantz Road/SR 161; Enjoy 24/7 key card access
