Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Office Space in Dublin Title is generated by Realmo AI

    425 N Metro Pl, Dublin, OH 43017

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

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

    Type:OFFICE
    Property size:
    3,250 SF
    Lot size:
    21.29 Acres
    Added:
    Mar 4, 2024
    Days on Market:
    804
    Last Refresh:
    Apr 5 at 8:07 pm

    Property Features for 425 N Metro Pl

    General Information

    Standard status
    Active
    Size
    3,250 SF
    Lot size
    21.29 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 425 N Metro Pl Contact us

    We can help!

    Listing Contact
    Andrew Jameson, SIOR, CCIM

    Listing agent Andrew Jameson, SIOR, CCIM

    Listing office Colliers | Columbus

    Listing date Mar 4, 2024

    Source Moodyscre

    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 Colliers | Columbus

    HighLights

    • 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.
    • Located at the entry to Metro Center.
    • Monument signage available.
    • Card key access.

    Overview

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dublin Heating & Cooling HVAC Service MSI Utilities Inc Electrical Products Wholesaler Costello Law, LLC Law Firm Central Insurance Insurance Agency TotalAR (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1274
    Latitude
    40.0949

    Nearby Similar for Lease

    • $17 SF/Yr
      5,590 SF

      Dublin Office Space Available

      Prime Dublin office space for sublease or assignment.
      5930 Venture Drive, Dublin, OH 43017
      View Details
    • $18 SF/Yr
      5,590 SF

      Dublin Office Space For Lease

      Well-maintained office space in Dublin's prime commercial corridor.
      5930 Venture Drive, Dublin, OH 43017
      View Details
    • $14 SF/Yr
      12,796 SF

      Modern Office Space in Dublin

      Updated office space in Dublin's Metro Place business district.
      572-576 Metro Place N, Dublin, OH 43017
      View Details
    • $129-$3,001/Mo
      11-1,292 SF

      Dublin

      545 1 Metro Pl, Unit 100, Dublin, OH 43017
      View Details
    • Sponsored
      $129-$3,726/Mo
      11-1,292 SF

      OH, Dublin - Emerald Pkwy

      6397 Emerald Pkwy, Dublin, OH 43081
      View Details
    • $2,000/Mo
      4,896 SF

      Updated Medical Office in Dublin

      Furnished medical office space for lease in Dublin, Ohio.
      6850 Perimeter Drive, Dublin, OH 43016
      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
    • $28 SF/Yr
      3,300 SF

      Prime Retail Space in Dublin

      Large retail anchor location in a high-traffic area.
      2736-2860 Festival Ln, Dublin, OH
      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 Drive, 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 Place N, Dublin, OH 43017
      View Details
    • $15 SF/Yr
      4,576 SF

      Dublin Office Space For Lease

      Office spaces available for lease in Dublin, Ohio.
      5070 Bradenton Ave, Dublin, OH
      View Details
    • $15 SF/Yr
      1,899 SF

      Office Space Available For Lease

      Office suites and freestanding building available for lease.
      5060 Bradenton Ave, Dublin, OH
      View Details

    FAQs

    What type of property is this?
    Office units - High-quality office space in a convenient, amenity-rich Dublin location.
    Where is this office units 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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Andrew Jameson, SIOR, CCIM
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    425 N Metro Pl, Dublin, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!