Stand Alone Office
For Sale
Contact for pricing
1375 Dublin Rd, Columbus, OH 43215
Standalone office building with large windows, covered parking, and prominent monument signage along Dublin Road.
Property Size7,430 SF
Price / SF$154.78
Days on Market67
Property Features for 1375 Dublin Rd
General Information
Standard status
Active
Size
7,430 SF
Property subtype
OFFICE
Listing Agency:
Allied Real Estate Advisors
(614) 940-2978
Listed By:
Ryan McHugh · License #2019002855
(614) 940-2978
Source:
Moodyscre
Added: Jun 16
Changed: Aug 13
Last Checked: Aug 21 at 3:15PM
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 Allied Real Estate Advisors
Investment Insights
Based on property information with market context.
The property at 1375 Dublin Road is a standalone office building totaling 7,430 square feet. It features large windows designed to bring natural light into the interior and provide scenic views of the Scioto River. The site also includes convenient covered parking, offering added tenant comfort and straightforward day-to-day access.
The building is located along Dublin Road and is positioned for visibility, with prominent monument signage. This combination of storefront-style presence and covered parking can support a professional front-of-house experience for clients and visitors.
For buyers seeking an independent office asset in the Grandview Heights submarket, the building’s windowed interior and signage visibility are practical considerations for attracting and retaining tenants. The covered parking helps round out the property’s day-to-day functionality, while the standalone configuration offers a direct ownership option for an operator or owner-occupant looking for a manageable footprint.
The building is located along Dublin Road and is positioned for visibility, with prominent monument signage. This combination of storefront-style presence and covered parking can support a professional front-of-house experience for clients and visitors.
For buyers seeking an independent office asset in the Grandview Heights submarket, the building’s windowed interior and signage visibility are practical considerations for attracting and retaining tenants. The covered parking helps round out the property’s day-to-day functionality, while the standalone configuration offers a direct ownership option for an operator or owner-occupant looking for a manageable footprint.
Key Highlights
- Standalone 7,430 SF office building
- Prominent monument signage along Dublin Road
- Large windows provide abundant natural light and offer views of the Scioto River
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,841
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,716,820
$1.7M
Cap Rate 7%
$1,226,300
$1.2M
Cap Rate 9%
$953,789
$953.8K
Market Conditions
NOI Build-Up for 7,430 SF
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.
Gross rent
$147.1K $19.80/SF
− Vacancy
−$32.7K −$4.40/SF
EGI
$114.5K $15.40/SF
− OpEx
−$28.6K −$3.85/SF
NOI
$85.8K $11.55/SF
Area
Columbus, OH
Vacancy
22.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,716,820
Cap Rate 7%
$1,226,300
Cap Rate 9%
$953,789
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,841 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,391 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Explore this area
Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Standalone office building with large windows, covered parking, and prominent monument signage along Dublin Road.
Where is this office building located?
The property is located at 1375 Dublin Rd Columbus, OH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Standalone 7,430 SF office building; Prominent monument signage along Dublin Road; Large windows provide abundant natural light and offer views of the Scioto River
