Move-In Ready Office Condo
For Sale
Contact for pricing
5850 Venture Dr, Dublin, OH 43017
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 Market130
Property Features for 5850 Venture Dr
General Information
Standard status
Active
Size
5,528 SF
Property subtype
Office
Lease Type
Modified Gross
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Allied Real Estate Advisors
Listed By:
Michelle Fude · License #OH 2017002260
(614) 245-3487
Source:
Crexi
Added: Apr 29
Changed: Aug 25
Last Checked: Sep 1 at 8:46AM
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
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
$68,061
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
9.01%
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%
$1,361,220
$1.4M
Cap Rate 7%
$972,300
$972.3K
Cap Rate 9%
$756,233
$756.2K
Market Conditions
NOI Build-Up for 5,528 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
$119.4K $21.60/SF
− Vacancy
−$28.7K −$5.18/SF
EGI
$90.7K $16.42/SF
− OpEx
−$22.7K −$4.10/SF
NOI
$68.1K $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%
$1,361,220
Cap Rate 7%
$972,300
Cap Rate 9%
$756,233
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
780
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
