Land and Office Parcel
For Sale
Contact for pricing
3800 Dublin Granville Rd, Dublin, OH 43017
For sale in Dublin offering land and office space with flexible parcel options along a major corridor.
Property Size26,544 SF
Price / SF$207.20
Days on Market265
Property Features for 3800 Dublin Granville Rd
General Information
Standard status
Active
Size
26,544 SF
Property subtype
OFFICE
Listing Agency:
JLL | Columbus
(614) 460-4403
Listed By:
Joey Lamb · License #2020006553
(614) 460-4412
Source:
Moodyscre
Added: Nov 17, 2025
Changed: Aug 8
Last Checked: Jul 27 at 3:51AM
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 JLL | Columbus
Investment Insights
Based on property information with market context.
This for-sale property at 3800 Dublin Granville Rd, Dublin, Ohio 43017 presents a flexible configuration that can support land, office space, or combined parcels. The asset is positioned to accommodate buyers looking for either development opportunities or immediate occupancy within an established northwest Columbus commercial market.
Located along the Dublin Granville corridor connecting downtown Dublin to the broader northwest Columbus area, the property benefits from the travel demand associated with that route. The corridor is described as demonstrating resilience and continued demand, supported by proximity to major employment centers, residential neighborhoods, and transportation infrastructure.
The offering includes commercial real estate options spanning office-related use and land, providing adaptability for different acquisition goals while remaining within a well-established regional retail and office travel pattern.
Located along the Dublin Granville corridor connecting downtown Dublin to the broader northwest Columbus area, the property benefits from the travel demand associated with that route. The corridor is described as demonstrating resilience and continued demand, supported by proximity to major employment centers, residential neighborhoods, and transportation infrastructure.
The offering includes commercial real estate options spanning office-related use and land, providing adaptability for different acquisition goals while remaining within a well-established regional retail and office travel pattern.
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
$326,810
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
5.94%
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%
$6,536,200
$6.5M
Cap Rate 7%
$4,668,714
$4.7M
Cap Rate 9%
$3,631,222
$3.6M
Market Conditions
NOI Build-Up for 26,544 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
$573.4K $21.60/SF
− Vacancy
−$137.6K −$5.18/SF
EGI
$435.7K $16.42/SF
− OpEx
−$108.9K −$4.10/SF
NOI
$326.8K $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 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%
$6,536,200
Cap Rate 7%
$4,668,714
Cap Rate 9%
$3,631,222
Alternative Uses
Best Use
Office B
$4.67M
$4.09M – $5.45M
NOI $326,810 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.41M
$4.74M – $6.31M
NOI $378,809 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - For sale in Dublin offering land and office space with flexible parcel options along a major corridor.
Where is this office building located?
The property is located at 3800 Dublin Granville Rd Dublin, OH.
What is the asking price?
The asking price for this property is $5,500,000.
