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    4015 Dublin Granville Rd Dublin, OH 43017

    Sponsored
    For Sale
    $8,950,000

    High-yield medical office, strong tenant.

    Property size:
    50,020 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional two-story, 50,020 square foot Class B medical office building presents a compelling value-add investment opportunity in Dublin, Ohio. Boasting a 90.5% occupancy rate with a single, long-term tenant—Reach Educational Services—under a net lease extending through 2033, this property offers significant upside potential. The building features a newer roof (installed within the last seven years), nearly all HVAC units have been recently replaced, and energy-efficient upgrades including solar power and LED lighting have been implemented. A completed PACE energy efficiency project provides tax abatement. The property sits on a five-acre lot with prominent monument signage on Dublin-Granville Road, enjoying high visibility to 23,000 vehicles daily. Its strategic location near the new $300 million Dublin Bridge Park Development and Dublin Methodist Hospital further enhances its appeal. The asking price is $8,950,000, representing a 7.00% cap rate at current occupancy and a pro-forma cap rate of 8.20% at 100% occupancy. Lease options are available. The property is zoned BSD-O. This is a rare opportunity to acquire a stable, high-performing asset with substantial growth prospects in a thriving Ohio market. The tenant provides Applied Behavior Analytic (ABA) services.

    Property Features for 4015 Dublin Granville Rd

    General Information

    Property type
    Medical offices
    Square Feet
    50,020 SF
    Class
    B
    Lot Size
    217,800 SF

    Building Details

    Year Built/Renovated
    1986/1991
    Buildings
    1
    Stories
    2

    HighLights

    • Single‑tenant medical office building; 43,400 SF (92%) leased to Reach Educational Services through 2033, with expansion potential.
    • High‑visibility location on Dublin‑Granville Rd. (23,000 vehicles per day) with monument signage.
    • Excellent location adjacent to the new $300 million Dublin Bridge Park Development, near Dublin Methodist Hospital.
    • 90.5% occupancy through 2033.
    • Roof replaced within the last 7 years; recent HVAC upgrades, solar power, and LED lighting; completed PACE energy efficiency project with tax abatement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.098242
    Latitude
    40.098381

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    FAQs

    What type of property is this?
    Medical office - High-yield medical office, strong tenant.
    Where is this medical office located?
    The property is located at 4015 Dublin Granville Rd Dublin, OH.
    What is the asking price?
    The asking price for this property is $8,950,000.
    What are key features of this property?
    This property features: Single-tenant medical office building; 43,400 SF (92%) leased to Reach Educational Services through 2033, with expansion potential.; High-visibility location on Dublin-Granville Rd. (23,000 vehicles per day) with monument signage.; Excellent location adjacent to the new $300 million Dublin Bridge Park Development, near Dublin Methodist Hospital.
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    4015 Dublin Granville Rd Dublin, OH 43017
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    Dublin, OH 43017
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    4015 Dublin Granville Rd Dublin, OH 43017
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