4015 Dublin Granville Rd Dublin, OH 43017
- Medical offices
- 50,020 SF
- 4.25 lot acres
Current Use by Public Records
- Medical offices
Property Details for 4015 Dublin Granville Rd
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 4.25 lot acres
- Property size
- 50,020 SF
- Zone code
- 4015
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 273-008296
- APU
- 273008296
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dublin
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0982
- Latitude
- 40.0984
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
