Dublin Office Building For
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6880 Perimeter Dr, Dublin, OH 43016
Office building in Dublin's Perimeter West Professional Village.
Property Size4,444 SF
Price / SF$219.40
Days on Market654
Property Features for 6880 Perimeter Dr
General Information
Standard status
Active
Size
4,444 SF
Property subtype
Office
Lease Type
NNN
Building Details
Year Built
2007
Stories
1
Units
1
Listing Agency:
Allied Real Estate Advisors
(614) 940-2978
Listed By:
Ryan McHugh · License #OH 2019002855
Source:
Crexi
Added: Nov 6, 2024
Changed: Aug 10
Last Checked: Aug 21 at 1:50PM
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 Allied Real Estate Advisors
Investment Insights
Based on property information with market context.
Located in the Perimeter West Professional Village, 6880 Perimeter Drive is situated in Dublin, Ohio. The property contains 4,444 square feet. The location is near Dublin Methodist Hospital and the new Mount Carmel Dublin. Numerous restaurants, bars, hotels and other amenities, including Bridge Park, are also nearby.
Key Highlights
- Exceptional Dublin location in Perimeter West Professional Village
- Minutes from Dublin Methodist Hospital and Mount Carmel Dublin
- Proximity to numerous restaurants, bars, and hotels
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
$54,715
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
5.61%
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%
$1,094,300
$1.1M
Cap Rate 7%
$781,643
$781.6K
Cap Rate 9%
$607,944
$607.9K
Market Conditions
NOI Build-Up for 4,444 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
$96.0K $21.60/SF
− Vacancy
−$23.0K −$5.18/SF
EGI
$73.0K $16.42/SF
− OpEx
−$18.2K −$4.10/SF
NOI
$54.7K $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%
$1,094,300
Cap Rate 7%
$781,643
Cap Rate 9%
$607,944
Alternative Uses
Best Use
Office B
$781.6K
$683.9K – $911.9K
NOI $54,715 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$906.0K
$792.8K – $1.06M
NOI $63,420 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 43016, OH
44,517
Population
19,919
Households
2.2
Avg Household Size
36
Median Age
69%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
2,343
Density / Sq Mi
$110,518
Median Household Income
$69,917
Median Earnings
$1,530
Median Rent
$413,200
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 building - Office building in Dublin's Perimeter West Professional Village.
Where is this office building located?
The property is located at 6880 Perimeter Dr Dublin, OH.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Exceptional Dublin location in Perimeter West Professional Village; Minutes from Dublin Methodist Hospital and Mount Carmel Dublin; Proximity to numerous restaurants, bars, and hotels
