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    FOR SALE
    Medical Office Space

    4015 W Dublin Granville Rd, Dublin, OH 43017

    50,020 SF 4.25 ac lot Built 1986
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US66-1900335
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1986
    Construction WOOD
    Total area 50,020 SF
    Lot 4.25 ac (184,999 SF)
    Zoning code 4015
    APN 273-008296
    UPID US66-1900335
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.69M
    Blend (final) Blend
    $3.70M
    Owner & transaction history
    Stoneridge Investment LLC · 8 yrs held
    Stoneridge Investment LLC
    since 2018
    7 recorded transactions
    2021
    2018
    $2.4M
    2016
    $3.0M
    2007
    2004
    1969
    1969
    Zoning & alternative use
    4015 · Dublin, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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