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    Dublin Office Condo For Sale Title is generated by Realmo AI

    6631 Commerce Parkway Unit A & B, Dublin, OH 43017

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    For Sale
    $450,000

    2,500 SF renovated office condo in Dublin, Ohio.

    Type:Office / Condominium
    Property size:
    2,500 SF
    Price / SF:
    $180/SF
    Added:
    Dec 15, 2025
    Days on Market:
    162
    Last Refresh:
    May 21 at 9:53 am

    Property Features for 6631 Commerce Parkway Unit A & B

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Property subtype
    Office / Condominium

    We can help!

    Listing Contact
    William E Davis

    Listing agent William E Davis License #2005016766

    Listing office Aspire Realty Services

    Listing date Dec 15, 2025

    Source Compass

    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

    HighLights

    • Professionally renovated 2,500 SF condo with high‑end finishes
    • Prime location in Dublin, Ohio, across from Dublin City Hall and near Bridge Park, Muirfield, and Historic Dublin
    • Flexible interior layout suitable for office, flex, and institutional uses due to SO zoning
    • Includes multiple private offices, a conference room, two bathrooms, and a kitchenette
    • Convenient access to Worthington, Westerville, Hilliard, and Columbus
    • Attractive price point at $180/SF ($450,000 total)

    Overview

    This 2,500 SF condo is available for sale, offering a renovated space with high-end finishes completed by an architectural firm. The interior includes multiple private offices, a conference room, two bathrooms, and a kitchenette. Located on Commerce Parkway in Dublin, Ohio, the property presents an opportunity for investors and owner-users seeking office or flex space. The location is near Dublin City Hall and within 10 minutes of Worthington, Westerville, Hilliard, and Columbus, and 5 minutes from Bridge Park, Muirfield, and Historic Dublin. The property is zoned SO (Suburban Office and Institutional District), and the building features a flexible interior layout suitable for various office, flex, and institutional uses.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $342.0K
    NOI $30,780 @ 9.00% cap · cautious / downside scenario
    Moderate
    $439.7K
    NOI $30,780 @ 7.00% cap · market / base-case scenario
    Aggressive
    $615.6K
    NOI $30,780 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $54.0k $21.60
    − Vacancy −$13.0k −$5.18
    EGI $41.0k $16.42
    − OpEx −$10.3k −$4.10
    NOI $30.8k $12.31
    2,500 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $439.7K
    $384.8K – $513.0K (±1% cap)
    NOI $30,780 @ 7.0% cap · market cap 6.84%
    Second Best
    Industrial
    $415.0K
    $363.1K – $484.1K (±1% cap)
    NOI $29,047 @ 7.0% cap · market cap 6.45%
    Theoretical Best
    Specialty Retail
    $509.7K
    $446.0K – $594.6K (±1% cap)
    NOI $35,677 @ 7.0% cap · market cap 7.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Compassionate Caregivers Home ... Aged Care Ohio Insurance Services ... Insurance Agency Focussoft Tech Training Center Security Cameras of Columbus Security Service Chrisanne Gordon Md Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1416021
    Latitude
    40.1029918

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    FAQs

    What type of property is this?
    Office units - 2,500 SF renovated office condo in Dublin, Ohio.
    Where is this office units located?
    The property is located at 6631 Commerce Parkway Unit A & B Dublin, OH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Professionally renovated 2,500 SF condo with high‑end finishes; Prime location in Dublin, Ohio, across from Dublin City Hall and near Bridge Park, Muirfield, and Historic Dublin; Flexible interior layout suitable for office, flex, and institutional uses due to SO zoning
    (614) 588-7561
    We can help!
    Listing Contact
    William E Davis
    Real Estate License ID: 2005016766
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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