Office-Flex Building in Suburban Office
For Sale
$225,000
6543 Commerce Parkway Unit D, Dublin, OH 43017
Suburban Office and Institutional District building with flexible interior layouts for office, flex, or institutional use.
Property Size1,250 SF
Price / SF$180
Days on Market179
Property Features for 6543 Commerce Parkway Unit D
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Office / Condominium
Zoning
SO
Taxes and HOA fees
Annual Taxes
$53,220
Amenities
1
Building Details
Year Built
1987
Listing Agency:
Aspire Realty Services
(614) 588-7561
Listed By:
William E Davis · License #2005016766
(614) 588-7561
Source:
Compass
Added: Feb 26
Changed: Aug 23
Last Checked: Aug 23 at 5:37AM
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 Aspire Realty Services
Investment Insights
Based on property information with market context.
Commerce Parkway is an office-flex property offering a flexible interior layout designed to support a range of uses, including office, flex, and institutional applications. The building is positioned for owners who need a space that can adapt to changing operational requirements.
The property is located directly across from Dublin City Hall and is within 10 minutes of Worthington, Westerville, Hilliard, and Columbus. It is also described as being about 5 minutes from Bridge Park, Muirfield, and Historic Dublin, placing it in a convenient part of the Dublin area.
Zoned SO (Suburban Office and Institutional District), the building aligns with suburban office and institutional uses. For tenant or owner-user buyers, the combination of zoning and flexible interior layout can simplify the path to occupancy for professional and institutional users seeking a multi-use configuration in Dublin, Ohio.
The property is located directly across from Dublin City Hall and is within 10 minutes of Worthington, Westerville, Hilliard, and Columbus. It is also described as being about 5 minutes from Bridge Park, Muirfield, and Historic Dublin, placing it in a convenient part of the Dublin area.
Zoned SO (Suburban Office and Institutional District), the building aligns with suburban office and institutional uses. For tenant or owner-user buyers, the combination of zoning and flexible interior layout can simplify the path to occupancy for professional and institutional users seeking a multi-use configuration in Dublin, Ohio.
Key Highlights
- Zoned SO (Suburban Office and Institutional District) for office, flex, and institutional uses
- Flexible interior layout designed for office, flex, and institutional space
- Located directly across from Dublin City Hall
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
$15,390
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
6.84%
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%
$307,800
$307.8K
Cap Rate 7%
$219,857
$219.9K
Cap Rate 9%
$171,000
$171.0K
Market Conditions
NOI Build-Up for 1,250 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
$27.0K $21.60/SF
− Vacancy
−$6.5K −$5.18/SF
EGI
$20.5K $16.42/SF
− OpEx
−$5.1K −$4.10/SF
NOI
$15.4K $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%
$307,800
Cap Rate 7%
$219,857
Cap Rate 9%
$171,000
Alternative Uses
Best Use
Office B
$219.9K
$192.4K – $256.5K
NOI $15,390 @ 7.0% cap · market cap 6.84%
Second Best
Industrial
$207.5K
$181.6K – $242.1K
NOI $14,524 @ 7.0% cap · market cap 6.46%
Theoretical Best
Specialty Retail
$254.8K
$223.0K – $297.3K
NOI $17,839 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
827
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 - Suburban Office and Institutional District building with flexible interior layouts for office, flex, or institutional use.
Where is this office units located?
The property is located at 6543 Commerce Parkway Unit D Dublin, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Zoned SO (Suburban Office and Institutional District) for office, flex, and institutional uses; Flexible interior layout designed for office, flex, and institutional space; Located directly across from Dublin City Hall
