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    6880 Perimeter Dr Dublin, OH 43016

    Sponsored
    For Lease
    $168 SF/Yr

    Prime Dublin location, 4,444 sq ft available.

    Lot size:
    4,444 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    6880 Perimeter Drive in Dublin, Ohio, presents a remarkable opportunity to lease high-quality medical office space. This single-tenant space, totaling 4,444 square feet, is situated within the Perimeter West Professional Village, offering excellent visibility and accessibility. The property enjoys a highly desirable location, just minutes away from Dublin Methodist Hospital and the forthcoming Mount Carmel Dublin hospital (projected opening in 2025). This strategic proximity ensures a strong patient base and convenient access for medical professionals. The surrounding area boasts a vibrant mix of restaurants, bars, and hotels, enhancing the convenience and appeal of the location for both staff and patients. Furthermore, the building benefits from exceptional freeway access via US 33 and I-270, simplifying commutes for employees and patients alike. The property is categorized as a medical office building within the Dublin submarket of Franklin County, Ohio, and features a multiple tenancy structure. This prime location in the thriving Dublin community offers a unique opportunity for medical practices seeking a modern, well-connected space to establish or expand their operations. The zip code is 43016.

    Property Features for 6880 Perimeter Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,444 SF

    Unit(s) available at that property

    Space
    6880 Perimeter Drive
    Size
    4,444 SF
    Rate per SF
    $168

    HighLights

    • 4,444 square feet of commercial space available for lease.
    • Prime Dublin, Ohio location on Perimeter Drive.
    • High‑quality medical office space.
    • Modern, single‑story building constructed in 2007.
    • Convenient access to I‑270, US‑33, and SR‑161.
    • Monument signage opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Scott T. ... Family Practice Physician Dr. Christopher D. ... Family Practice Physician Deborah Mckee Nurse Practitioner Tracy King Nurse Practitioner Alix ChiroRehab Chiropractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.171982675414
    Latitude
    40.106560545017

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    FAQs

    What type of property is this?
    Medical office - Prime Dublin location, 4,444 sq ft available.
    Where is this medical office located?
    The property is located at 6880 Perimeter Dr Dublin, OH.
    What is the lease rate?
    The lease rate is $168 SF/Yr.
    What are key features of this property?
    This property features: 4,444 square feet of commercial space available for lease.; Prime Dublin, Ohio location on Perimeter Drive.; High-quality medical office space.
    Request Owner's contact information
    6880 Perimeter Dr Dublin, OH 43016
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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.

    More about this property
    6880 Perimeter Dr Dublin, OH 43016
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