Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    425 N Metro Pl Dublin, OH 43017

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr ($2,911 /Mo)

    High-quality office space in a convenient, amenity-rich Dublin location.

    Property size:
    3,250 SF
    Lot size:
    21.29 Acres

    Property Features for 425 N Metro Pl

    General Information

    Size
    3,250 SF
    Lot size
    21.29 Acres

    We can help!

    Listing Contact
    Andrew Jameson, SIOR, CCIM
    Source: Moodyscre

    Listing Agency: Colliers | Columbus Listing Agent: Andrew Jameson, SIOR, CCIM

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

    Learn more

    Overview

    Renovated Office Space in Dublin

    This office space is located at the entry to Metro Center. The property, known as Metro IV, has recently been renovated with updated common areas. It offers a high-quality office setting in a convenient Dublin location with many amenities. Monument signage is available. The building features card key access. Parking is available at a ratio of 4.20 spaces per 1,000 square feet. The location provides access to I-270, Route 33, and Route 161. Operating expenses are estimated to be $8.52 per square foot. The property size is 3,250 square feet.
    Location Intelligence

    Current Use by Public Records

    Dublin Heating & Cooling Hvac Contractor MSI Utilities Inc Propane Supplier Costello Law, LLC Legal Services Central Insurance Insurance Agency TotalAR Software Company

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1274452
    Latitude
    40.0949307

    Nearby Similar for Lease

    • $2,000 /Mo
      4,896 SF

      Updated Medical Office in Dublin

      Furnished medical office space for lease in Dublin, Ohio.
      6850 Perimeter Dr, Dublin, OH 43016
      View Details
    • $15 SF/Yr
      20,183 SF

      Dublin Flex Space For Lease

      20,183 SF flex space in desirable Dublin, Ohio.
      6141 Avery Rd, Dublin, OH 43016
      View Details
    • $13 SF/Yr
      31,510 SF

      Modern Office Space with Amenities

      Office space with modern design, amenities, and superior technology.
      5525 Parkcenter Cir, Dublin, OH 43017
      View Details
    • $18 SF/Yr
      100,034 SF

      Dublin Office Sublease Opportunity

      Move-in ready office suite with executive parking and building amenities.
      400 Metro Pl N, Dublin, OH 43017
      View Details
    • $18 SF/Yr
      100,034 SF

      Dublin Office Sublease Opportunity

      Move-in ready office space in a prime Dublin location.
      400 Metro Pl N, Dublin, OH 43017
      View Details
    • $11 SF/Yr
      2,661 SF

      Dublin Office Space For Rent

      2661 SF office space in Muirfield Square Complex.
      6189 Memorial Dr, Dublin, OH 43017
      View Details
    • $13 SF/Yr
      18,082 SF

      Dublin Office Space for Lease

      High-profile office park with robust infrastructure and excellent access.
      5515 Parkcenter Cir, Dublin, OH 43017
      View Details
    • $11 SF/Yr
      5,000 SF

      Dublin Office Space For Lease

      Well-appointed office space in Muirfield Square Office Condominium Complex.
      6085 Memorial Dr, Dublin, OH 43017
      View Details
    • Contact for pricing
      20,184 SF

      Prime Retail Space in Dublin

      Retail spaces available in a high-traffic Dublin location.
      6262 Sawmill Rd, Dublin, OH 43017
      View Details
    • Contact for pricing

      Flourishing Retail Corridor Anchor Space

      Prime retail space in Dublin, Ohio near Sawmill Road.
      2736 Festival Ln, Dublin, OH 43017
      View Details
    • Contact for pricing
      9,000 SF

      Dublin Flex Warehouse with Expansion

      9,000 SF flex warehouse in Dublin, Ohio for lease.
      6175 Enterprise Ct, Dublin, OH 43016
      View Details
    • Contact for pricing
      3,300 SF

      Prime Retail Space in Dublin

      Large retail anchor location in a high-traffic area.
      2736-2860 Festival Ln, Dublin, OH 43017
      View Details

    FAQs

    What type of property is this?
    Office space - High-quality office space in a convenient, amenity-rich Dublin location.
    Where is this office space located?
    The property is located at 425 N Metro Pl Dublin, OH.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Prime Dublin location with convenient access to I-270, Route 33, and Route 161.; - Recently renovated with updated and tastefully appointed common areas.; - High parking ratio of 4.20/1,000.
    (614) 206-6882
    Request Owner's contact information
    425 N Metro Pl Dublin, OH 43017
    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.
    425 N Metro Pl
    Dublin, OH 43017
    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
    425 N Metro Pl Dublin, OH 43017
    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

    We can help!
    Listing Contact
    Andrew Jameson, SIOR, CCIM
    (614) 206-6882
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.