Updated Technology Flex
6150 Avery Road, Dublin, OH 43016
For Sale
$2,200,000
Modernized flex property combines office and warehouse functionality with fabrication capability and flexible TF District uses.
Property Size7,000 SF
Price / SF$314.29
Days on Market91
Property Features for 6150 Avery Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Warehouse & Industrial
Drive-In Doors
Three-Phase Power
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Cutler Real Estate
Listed By:
Kim Christensen · License #2020001767
(740) 616-5500
Source:
Camtaylor
Added: Aug 11
Changed: Oct 31
Last Checked: Nov 8 at 1:18PM
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 Cutler Real Estate
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Investment Insights
Based on property information with market context.
This 7,000-square-foot flex property combines office and warehouse areas within a building constructed in 1977. Recent improvements include new flooring, LED lighting, updated HVAC, and a heated roof. A 10-foot drive-in door supports loading access, while the fabrication room is equipped with 3-phase electric. The site also includes a 24-by-12-foot shed and 20 parking spaces.
Positioned at 6150 Avery Road in Dublin, the property is located a couple of miles from 161/33 and I-270. It is designated within the Technology Flex (TF) District, which supports research, office, laboratory, clean manufacturing, and light-industrial uses. The range of permitted uses accommodates multiple operational formats within a single flex setting.
Positioned at 6150 Avery Road in Dublin, the property is located a couple of miles from 161/33 and I-270. It is designated within the Technology Flex (TF) District, which supports research, office, laboratory, clean manufacturing, and light-industrial uses. The range of permitted uses accommodates multiple operational formats within a single flex setting.
Key Highlights
- 7,000 SF flex office/warehouse property
- Technology Flex (TF) District designation
- 10' drive‑in door and fabrication room with 3‑phase electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,760
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,975,200
$2.0M
Cap Rate 7%
$1,410,857
$1.4M
Cap Rate 9%
$1,097,333
$1.1M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$152.9K $21.84/SF
− Vacancy
−$36.7K −$5.24/SF
EGI
$116.2K $16.60/SF
− OpEx
−$17.4K −$2.49/SF
NOI
$98.8K $14.11/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,975,200
Cap Rate 7%
$1,410,857
Cap Rate 9%
$1,097,333
Alternative Uses
Best Use
Warehouse
$1.41M
$1.23M – $1.65M
NOI $98,760 @ 7.0% cap · market cap 4.49%
Second Best
Office B
$1.23M
$1.08M – $1.44M
NOI $86,184 @ 7.0% cap · market cap 3.92%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.66M
NOI $99,897 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 43016, OH
44,517
Population
19,919
Households
2.2
Avg Household Size
36
Median Age
69%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
2,343
Density / Sq Mi
$110,518
Median Household Income
$69,917
Median Earnings
$1,530
Median Rent
$413,200
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Franklin County, OH
Properties on Market for Flex space in Franklin County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Modernized flex property combines office and warehouse functionality with fabrication capability and flexible TF District uses.
Where is this flex space located?
The property is located at 6150 Avery Road Dublin, OH.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 7,000 SF flex office/warehouse property; Technology Flex (TF) District designation; 10' drive‑in door and fabrication room with 3‑phase electric
