Property profile

4015 W Dublin Granville Rd Dublin, OH 43017

FOR SALE
Medical Office Space
Property ID
US66-1900335
50,020 SF 4.25 ac lot Built 1986
Entity Owned 8-yr Hold ~ Est. High Equity
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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

Location

4015 W Dublin Granville Rd Dublin, OH 43017
Dublin metro Census 6302 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.69M
Blend (final) Blend
$1.06M

Owner & transaction history

since 2018
7 recorded transactions
2021
Price N/A
2018
$2.4M
2016
$3.0M
2007
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

4015 · Dublin, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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