Single Tenant Autism Center
For Sale
Contact for pricing
4015 W Dublin Granville Rd, Dublin, OH 43017
Long-term leased single tenant autism center available for sale.
Property Size50,020 SF
Price / SF$178.93
Days on Market183
Property Features for 4015 W Dublin Granville Rd
General Information
Standard status
Active
Size
50,020 SF
Class
B
Property subtype
Office
Zoning
BSD-O
Occupancy
90%
Lease Type
Net
Investment Type
Value Add
Net Operating Income
$613,291
Building Details
Year Built
1986
Year Renovated
1991
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Alterra Real Estate Advisors
(520) 232-0200
Listed By:
Bradford Kitchen · License #390306
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 9 at 2:54PM
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
Investment Insights
Based on property information with market context.
This commercial real estate property is a single tenant autism center. The property is currently leased and available for sale. The property's capitalization rate is 7% at the current occupancy rate and 8.2% at 100% occupancy. The property size is 50020 square feet.
Key Highlights
- Long term leased single tenant autism center
- High cap rate: 8.2% at 100% occupancy
- Attractive cap rate: 7% at current occupancy
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
$495,054
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
5.53%
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%
$9,901,080
$9.9M
Cap Rate 7%
$7,072,200
$7.1M
Cap Rate 9%
$5,500,600
$5.5M
Market Conditions
NOI Build-Up for 50,020 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
$1.04M $20.88/SF
− Vacancy
−$219.3K −$4.38/SF
EGI
$825.1K $16.50/SF
− OpEx
−$330.0K −$6.60/SF
NOI
$495.1K $9.90/SF
Area
Franklin County, OH
Vacancy
21.00%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
40.00%
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%
$9,901,080
Cap Rate 7%
$7,072,200
Cap Rate 9%
$5,500,600
Alternative Uses
Best Use
Healthcare Medical
$7.07M
$6.19M – $8.25M
NOI $495,054 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.20M
$8.92M – $11.90M
NOI $713,834 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,443
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Long-term leased single tenant autism center available for sale.
Where is this medical center located?
The property is located at 4015 W Dublin Granville Rd Dublin, OH.
What is the asking price?
The asking price for this property is $8,950,000.
What are key features of this property?
This property features: Long term leased single tenant autism center; High cap rate: 8.2% at 100% occupancy; Attractive cap rate: 7% at current occupancy
