Dublin Medical Office Building For
For Sale
Contact for pricing
5130 Bradenton Ave, Dublin, OH 43017
Freestanding medical office building in Dublin, Ohio.
Property Size8,341 SF
Price / SF$251.77
Days on Market694
Property Features for 5130 Bradenton Ave
General Information
Standard status
Active
Size
8,341 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2001
Stories
1
Tenancy
Multi
Listing Agency:
Allied Real Estate Advisors
(614) 940-2978
Listed By:
Ross Lanford · License #SAL.2006002024
Source:
Crexi
Added: Sep 27, 2024
Changed: Aug 11
Last Checked: Aug 20 at 6:23PM
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.
Located in Dublin, Ohio, 5130 Bradenton Avenue is a freestanding, single-story, multitenant medical office building. The property contains two office condos available for lease. The building is strategically located within a medical office corridor, offering convenient access to Interstate 270, retail centers, restaurants, and fitness facilities. Nearby retailers include Longhorn Steakhouse, Chipotle, Chick-fil-A, P.F. Chang’s, Walmart, Best Buy, and World Market. The property size is 8341 square feet.
Key Highlights
- Located in a prominent medical office corridor in Dublin, Ohio.
- Freestanding, single‑story, multitenant building.
- Two office condos available for lease.
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
$102,694
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
4.89%
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%
$2,053,880
$2.1M
Cap Rate 7%
$1,467,057
$1.5M
Cap Rate 9%
$1,141,044
$1.1M
Market Conditions
NOI Build-Up for 8,341 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
$180.2K $21.60/SF
− Vacancy
−$43.2K −$5.18/SF
EGI
$136.9K $16.42/SF
− OpEx
−$34.2K −$4.10/SF
NOI
$102.7K $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%
$2,053,880
Cap Rate 7%
$1,467,057
Cap Rate 9%
$1,141,044
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,694 @ 7.0% cap · market cap 4.89%
Second Best
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,552 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $119,034 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,359
Businesses Nearby
Well-served
Demand for This Use
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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Similar Off Market Nearby
- Faithful Friends Veterinary Clinic — 5625 Woerner Temple Rd, Dublin, OH 43016
- Creature Comforts Animal Clinic — 5833 Karric Square Dr, Dublin, OH 43016
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- The Ohio State University Veterinary Medical Center at Dublin URGENT CARE — 5020 Bradenton Ave, Dublin, OH 43017
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding medical office building in Dublin, Ohio.
Where is this medical office space located?
The property is located at 5130 Bradenton Ave Dublin, OH.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Located in a prominent medical office corridor in Dublin, Ohio.; Freestanding, single‑story, multitenant building.; Two office condos available for lease.
