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
Price / SF$157.02
Days on Market1326
Property Features for 5050 Blazer Pkwy
General Information
Standard status
Active
Size
18,788 SF
Property subtype
OFFICE
Lease Type
Gross
Properties For Sale
at 5050 Blazer Pkwy Contact usProfessional Multi-tenant Medical & Office Property AVAILABLE
Floor
2
Size
2,497 SF
Type
OFFICE
Lease Type
GROSS
Sublease
No
2 story multi-tenant medical office property with
elevator, updated common areas and 24/7 card access
Formerly Dental and Medical Office
Attractive and well-maintained
Plentiful parking 5.5/1,000 SF
Easy access to I-270 off of Frantz Road/SR 161, new
Bridge Park development and downtown Dublin
Abundant restaurant options and services nearby
Contact us 2 story professional multi-tenant medical office property AVAILABLE
Floor
1
Size
2,622 SF
Type
OFFICE
Lease Type
GROSS
Attractive, single story office and warehouse space with private entrances
High ceilings, lots of windows providing natural light and ample parking. Furniture may be available
Drive in doors and warehouse/storage in suites
Monument signage for each suite entry, as well as building tenant marquee signage exposure fronting on Bradenton
Convenient location near the Mall at Tuttle Crossing and other services, retail and restaurants. 2 miles to the new Bridge Park development
Contact us
Listing Agency:
Alterra Real Estate Advisors
(380) 204-7784
Listed By:
Brad L Kitchen, SIOR
(614) 327-4366
Source:
Moodyscre
Added: Mar 16, 2023
Changed: Sep 21
Last Checked: Oct 30 at 4:41PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$231,318
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,626,360
$4.6M
Cap Rate 7%
$3,304,543
$3.3M
Cap Rate 9%
$2,570,200
$2.6M
Market Conditions
NOI Build-Up for 18,788 SF
Gross rent
$405.8K $21.60/SF
− Vacancy
−$97.4K −$5.18/SF
EGI
$308.4K $16.42/SF
− OpEx
−$77.1K −$4.10/SF
NOI
$231.3K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,626,360
Cap Rate 7%
$3,304,543
Cap Rate 9%
$2,570,200
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
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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
