Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5050 Blazer Pkwy Dublin, OH 43017

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

    Two-story medical office building with updated common areas and ample parking.

    Type:OFFICE
    Property size:
    18,788 SF
    Lot size:
    2.01 Acres
    Price / SF:
    $157/SF
    Added:
    Mar 16, 2023
    Days on Market:
    1145
    Last Refresh:
    Apr 5 at 8:05 pm

    Property Features for 5050 Blazer Pkwy

    General Information

    Standard status
    Active
    Size
    18,788 SF
    Lot size
    2.01 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Brad L Kitchen, SIOR

    Listing agent Brad L Kitchen, SIOR

    Listing office Alterra Real Estate Advisors

    Listing date Mar 16, 2023

    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 Alterra Real Estate Advisors

    Overview

    Medical Office Building For Sale

    This two-story multi-tenant medical office property offers a mix of medical and general office spaces. The building features an updated common area lobby and provides 24/7 key card access, along with a passenger elevator. Parking is plentiful, with a ratio of 5.5 spaces per 1,000 square feet. The property is well-maintained and offers convenient access to I-270 off of Frantz Road/SR 161. The building has a total size of 18,788 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tom Harless Loan Service Wheeler Chris Dental Office Xtra Mile Marketing ... Advertising Agency Chel Hamilton Master ... Alternative Medicine Practice e-Merge Real Estate ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply 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.

    Similar Places Nearby

    • Henry Schein Animal Health — 400 Metro Pl N, Dublin, OH 43017
    • The Ohio State University Veterinary Medical Center at Dublin URGENT CARE — 5020 Bradenton Ave, Dublin, OH 43017

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1265
    Latitude
    40.0887

    Nearby Similar for Sale

    • $2,200,000

      Renovated Multi-Family Investment Property

      Fully renovated 8-unit complex in desirable Dublin, Ohio.
      438 Edinburgh Road, Dublin, OH 43017
      View Details
    • $15
      5,416 SF

      Dublin Office Space Available

      Office space in a two-story brick building with ample parking.
      5990 Venture Drive, Dublin, OH 43017
      View Details
    • $15
      5,416 SF

      Dublin Office Space Available

      Office space in a two-story brick building with amenities.
      5990 Venture Drive, Dublin, OH 43017
      View Details
    • $15
      5,831 SF

      Dublin Office/Medical Space For Sale

      2,800 SF office/medical space near Dublin Methodist Hospital.
      6235 Perimeter Dr., Dublin, OH 43017
      View Details
    • $18,100,000
      190,436 SF

      Dublin Office/Warehouse with Flexible Occupancy

      Free-standing Dublin office/warehouse with flexible occupancy and income options.
      7007 Discovery Boulevard, Dublin, OH 43017
      View Details
    • $13
      78,550 SF

      Dublin Commercial Property with Suites

      Commercial property in Dublin, OH, featuring suites suitable for various uses.
      6175 Shamrock Ct, Dublin, OH 43016
      View Details
    • $16
      196,709 SF

      Dublin Office Building with Amenities

      Two-story office building with available space and numerous amenities.
      6600 Kilgour Place, Dublin, OH 43017
      View Details
    • $726,700
      5,416 SF

      Dublin Office Building For Sale

      Office building in Dublin, Ohio, suitable for owner-user or investment.
      5980 Venture Dr, Dublin, OH
      View Details
    • Contact for pricing
      7,100 SF

      Class A Medical/Office Building

      New Class A medical/office building in mixed-use development, 1,300 SF available.
      4998 Rings Road, Dublin, OH 43017
      View Details
    • $1,500,000
      26,544 SF

      Columbus Office Building For Sale

      Office building for sale in a high-traffic Columbus corridor.
      3800 Dublin Granville Rd, Dublin, OH
      View Details
    • Contact for pricing
      49,176 SF

      Dublin Medical Office Near Hospital

      Class A medical office building adjacent to OhioHealth Dublin Methodist Hospital.
      6670 Perimeter Drive, Dublin, OH 43016
      View Details
    • $225,000
      6,250 SF

      Dublin Office Condos For Sale

      Multiple office condos available, renovated and flexible layouts.
      6631 Commerce Pkwy, Dublin, OH 43017
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Two-story medical office building with updated common areas and ample parking.
    Where is this medical office space located?
    The property is located at 5050 Blazer Pkwy Dublin, OH.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Plentiful parking (5.5/1,000 SF); Easy access to I‑270 off of Frantz Road/SR 161; Enjoy 24/7 key card access
    (614) 327-4366 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brad L Kitchen, SIOR
    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

    5050 Blazer Pkwy, 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!