Class A Office
For Sale
Contact for pricing
1405 Dublin Road, Columbus, OH 43215
Class A office building with 2014 renovation and LEED Gold certification, offering space totaling 12,945 square feet.
Property Size12,945 SF
Price / SF$225.96
Days on Market52
Property Features for 1405 Dublin Road
General Information
Standard status
Active
Size
12,945 SF
Class
A
Property subtype
Office
Building Details
Year Renovated
2014
Stories
2
Listing Agency:
Allied Real Estate Advisors
Listed By:
Ryan McHugh · License #OH 2019002855
(614) 940-2978
Source:
Crexi
Added: Jul 23
Changed: Sep 9
Last Checked: Sep 12 at 4:54AM
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 Allied Real Estate Advisors
Investment Insights
Based on property information with market context.
1405 Dublin Road is a 12,945 SF Class A office building. The property is LEED Gold-certified and underwent a gold-standard renovation in 2014.
Located in the Grandview submarket, the building is described as having strong visibility and scenic views of the Scioto River.
For sale and lease, the asset is positioned to serve office users seeking a Class A workplace within the Grandview area.
Located in the Grandview submarket, the building is described as having strong visibility and scenic views of the Scioto River.
For sale and lease, the asset is positioned to serve office users seeking a Class A workplace within the Grandview area.
Key Highlights
- 12,945 SF Class A office building available for lease and for sale
- LEED Gold‑certified property with gold‑standard renovation completed in 2014
- Located in the Grandview Submarket
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
$149,557
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
5.11%
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%
$2,991,140
$3.0M
Cap Rate 7%
$2,136,529
$2.1M
Cap Rate 9%
$1,661,744
$1.7M
Market Conditions
NOI Build-Up for 12,945 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
$256.3K $19.80/SF
− Vacancy
−$56.9K −$4.40/SF
EGI
$199.4K $15.40/SF
− OpEx
−$49.9K −$3.85/SF
NOI
$149.6K $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%
$2,991,140
Cap Rate 7%
$2,136,529
Cap Rate 9%
$1,661,744
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.49M
NOI $149,557 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,846 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Office building - Class A office building with 2014 renovation and LEED Gold certification, offering space totaling 12,945 square feet.
Where is this office building located?
The property is located at 1405 Dublin Road Columbus, OH.
What is the asking price?
The asking price for this property is $2,925,000.
What are key features of this property?
This property features: 12,945 SF Class A office building available for lease and for sale; LEED Gold‑certified property with gold‑standard renovation completed in 2014; Located in the Grandview Submarket
