Dublin Office/Warehouse with Flexible
For Sale
$16,100,000
7007 Discovery Boulevard, Dublin, OH 43017
Free-standing Dublin office/warehouse with flexible occupancy and income options.
Property Size190,436 SF
Price / SF$84.54
Days on Market253
Property Features for 7007 Discovery Boulevard
General Information
Standard status
Active
Size
190,436 SF
Class
B
Property subtype
Office
Building Details
Building Size
190,436 SF
Year Built
1994
Listing Agency:
Elford Realty, Inc
Listed By:
Andy Mills, SIOR, CCIM
(614) 582-5521
Source:
Corfac
Added: Jan 26
Changed: Oct 1
Last Checked: Oct 5 at 4:01PM
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 Elford Realty, Inc
Investment Insights
Based on property information with market context.
This free-standing, second-generation office/warehouse is located in Dublin, set amid mature landscaping and green space. The property is near the Avery-Muirfield and SR-33/SR-161 interchanges, providing convenient access to I-270 and nearby amenities. Priced below replacement cost, it is suitable for both owner-occupants and investors. The office space features an elevator and open staircase, with an open plan including huddle, conference, and training areas. Clear heights are approximately 12–14 feet in the office and 20 feet in the warehouse. Potential building signage is available above a dedicated entrance. Two warehouse tenants are currently on short-term leases. An existing tenant is open to remaining in approximately 25,000 square feet. The office tenant is also willing to stay in a portion of the space, offering flexible occupancy and income options. The property is located right off Avery-Muirfield Road between Perimeter Drive and Post Road.
Key Highlights
- Priced below replacement cost, appealing to both owner‑occupants and investors.
- Flexible occupancy and income options with existing tenants willing to remain in portions of the office and warehouse space.
- Convenient access to Avery‑Muirfield, SR‑33/SR‑161 interchanges, I‑270, and area amenities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$720,739
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,414,780
$14.4M
Cap Rate 7%
$10,296,271
$10.3M
Cap Rate 9%
$8,008,211
$8.0M
Market Conditions
NOI Build-Up for 190,436 SF
Gross rent
$1.21M $6.36/SF
− Vacancy
−$102.3K −$0.54/SF
EGI
$1.11M $5.82/SF
− OpEx
−$388.1K −$2.04/SF
NOI
$720.7K $3.78/SF
Area
Franklin County, OH
Vacancy
8.45%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,414,780
Cap Rate 7%
$10,296,271
Cap Rate 9%
$8,008,211
Alternative Uses
Best Use
Warehouse
$38.38M
$33.58M – $44.78M
NOI $2,686,793 @ 7.0% cap · market cap 16.69%
Second Best
Office B
$33.49M
$29.31M – $39.08M
NOI $2,344,648 @ 7.0% cap · market cap 14.56%
Theoretical Best
Specialty Retail
$38.82M
$33.97M – $45.30M
NOI $2,717,708 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Free-standing Dublin office/warehouse with flexible occupancy and income options.
Where is this flex space located?
The property is located at 7007 Discovery Boulevard Dublin, OH.
What is the asking price?
The asking price for this property is $16,100,000.
What are key features of this property?
This property features: Priced below replacement cost, appealing to both owner‑occupants and investors.; Flexible occupancy and income options with existing tenants willing to remain in portions of the office and warehouse space.; Convenient access to Avery‑Muirfield, SR‑33/SR‑161 interchanges, I‑270, and area amenities.
