Dublin Office Building For
For Sale
Contact for pricing
6156 Wilcox Rd, Dublin, OH
Class A office space available in Dublin, Ohio.
Property Size14,592 SF
Lot Size1.48 Acres
Price / SF$171.26
Days on Market438
Property Features for 6156 Wilcox Rd
General Information
Standard status
Active
Size
14,592 SF
Lot size
1.48 Acres
Property subtype
OFFICE
Properties For Sale
at 6156 Wilcox Rd Contact us- Size
- 14,592 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE
OFFICE/TECH FLEX
-Lease Rate: $12.95 SF NNN
-Two (2) floors spanning 14,592 Total USF of Class A office...
show more
Contact us
Listing Agency:
Alterra Real Estate Advisors
(614) 545-4099
Listed By:
Jackson Pulliam · License #2022007391
(614) 285-7234
Source:
Moodyscre
Added: Jun 1, 2025
Changed: Aug 8
Last Checked: May 19 at 10:14PM
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
Investment Insights
Based on property information with market context.
Available for lease is a freestanding Class A office building offering 14,592 square feet of space across two floors. Situated on a 1.52-acre lot within the City of Dublin, the property is zoned PID (Planned Industrial District), offering potential for various uses. The original building plans included two dock doors with warehouse storage. The building features the ability to reach a 22-foot clear height and includes an onsite backup generator. A gym with restrooms and showers is also located within the building. The property is equipped with a Commercial Leak Defense System. Parking is available at a ratio of 3.42 per 1,000 square feet. The property is located less than 1 mile from I-270.
Key Highlights
- Class A office space totaling 14,592 USF across two floors.
- Free standing building on a 1.52 AC lot with expansion potential.
- Less than 1 mile from I‑270.
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
$179,657
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
7.19%
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%
$3,593,140
$3.6M
Cap Rate 7%
$2,566,529
$2.6M
Cap Rate 9%
$1,996,189
$2.0M
Market Conditions
NOI Build-Up for 14,592 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
$315.2K $21.60/SF
− Vacancy
−$75.6K −$5.18/SF
EGI
$239.5K $16.42/SF
− OpEx
−$59.9K −$4.10/SF
NOI
$179.7K $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%
$3,593,140
Cap Rate 7%
$2,566,529
Cap Rate 9%
$1,996,189
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $2.99M
NOI $179,657 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.97M
$2.60M – $3.47M
NOI $208,242 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Class A office space available in Dublin, Ohio.
Where is this office building located?
The property is located at 6156 Wilcox Rd Dublin, OH.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Class A office space totaling 14,592 USF across two floors.; Free standing building on a 1.52 AC lot with expansion potential.; Less than 1 mile from I‑270.
