Move-In Ready Office Condo
5850 Venture Dr Dublin, OH 43017
5850 Venture Dr, Dublin, OH, 43017
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For Sale
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Vacant second-floor office space with vaulted ceilings available in a well-maintained office condo community.
Property Size5,528 SF
Price / SF$136.58
Days on Market84
Property Features for 5850 Venture Dr
General Information
- Standard status
- Active
- Size
- 5,528 SF
- Property subtype
- Office
Listing agency
Allied Real Estate Advisors
(614) 940-2978
Listed by
Michelle Fude · License #OH 2017002260
Source
Crexi
Added: Apr 29 Updated: Jul 21 at 12:17AM Checked: Jul 21 at 12:17AM
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.
5850 Venture Dr offers move-in-ready office space within an exceptionally maintained condo community. The building is available for sale and for lease. A vacant second-floor space features vaulted ceilings on the top floor.
The property is located in Dublin, OH and is described as being minutes from a wide range of local amenities. In addition, the current owner is willing to lease back the first floor for a five-year term, providing secured income for a new buyer.
The offering includes occupied and vacant areas within a condo-style office building, with the top-floor configuration highlighted by vaulted ceilings.
The property is located in Dublin, OH and is described as being minutes from a wide range of local amenities. In addition, the current owner is willing to lease back the first floor for a five-year term, providing secured income for a new buyer.
The offering includes occupied and vacant areas within a condo-style office building, with the top-floor configuration highlighted by vaulted ceilings.
Key Highlights
- Move‑in‑ready office space in an exceptionally maintained office condo community in Dublin, OH
- Vacant second‑floor office space with vaulted ceilings on the top floor
- Building is available for sale and for lease
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.4k | $21.60 |
| − Vacancy | −$28.7k | −$5.18 |
| EGI | $90.7k | $16.42 |
| − OpEx | −$22.7k | −$4.10 |
| NOI | $68.1k | $12.31 |
5,528 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$972.3K
$850.8K – $1.13M
NOI $68,061 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$986.1K – $1.31M
NOI $78,890 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mitsubishi Electric Automotive
Electrical Service
M&A Painting Consultants
Painting
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Vacant second-floor office space with vaulted ceilings available in a well-maintained office condo community.
Where is this office units located?
The property is located at 5850 Venture Dr Dublin, OH.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: Move‑in‑ready office space in an exceptionally maintained office condo community in Dublin, OH; Vacant second‑floor office space with vaulted ceilings on the top floor; Building is available for sale and for lease
