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    485 S Metro Pl Dublin, OH 43017

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    485 S Metro Pl Dublin, OH 43017

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    • Office buildings
    • 103,827 SF
    • 7.05 lot acres
    For Lease
    $11 SF/Yr
    View Listing →
    Move-in Ready Office Suites Available For Lease
    $11 SF/Yr
    1,752 SF

    Move-in Ready Office Suites Available

    Office suites for lease, convenient location, ample parking, key access.

    485 S Metro Pl, Dublin, OH 43017
    View Listing
    Property ID
    US66-1314502
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Avalinx, Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Humana / Insurance Agency
    • Jack Lloyd - Humana Agent / Insurance Agency
    • Rachel Schultz - Humana Agent / Insurance Agency
    • Brandt Kleinschmidt - Humana Agent / Insurance Agency

    Property Details for 485 S Metro Pl

    Year built
    1988
    Lot size
    7.05 lot acres
    Property size
    103,827 SF
    Property type
    Office buildings
    APN
    273-004290
    APU
    273004290

    Description

    This exceptional five-story executive office building, Metro Lakes, located at 485 Metro Pl S, Dublin, OH 43017, offers 96,876 square feet of prime office space in the desirable OH - Far NW Franklin Co (Dublin/Powell) submarket. Built in 1988 and renovated in 2002, the property boasts a total of six suites, with a minimum divisible space of 2,298 square feet and a maximum contiguous space of 10,213 square feet. Currently, 24,741 square feet are vacant and ready for immediate occupancy. The building features ample parking with a ratio of four spaces per 1,000 square feet, and convenient elevator access. Its prime location in Dublin provides easy access to a wealth of amenities, including restaurants, shopping, hotels, and banking facilities. This multi-tenant building offers innovative workspaces and welcoming common areas, creating a productive and comfortable environment for businesses of all sizes. The property is situated in Franklin County and is easily accessible from major transportation routes. Invest in a well-maintained, strategically located office space in a thriving Dublin community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,579,000
      Market price range: $3.70M - $13.7M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1278
    Latitude
    40.0925
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $244,116
    $943,710
    $1,786,300
    $2,730,010
    -
    $2,696,300
    $5,103,700
    $7,800,000

    Comparable in this City

    • Value Estimation
      $3,805,000
      105,939 SF

      555 Metro N Pl

      OFFICE BUILDING (MULTI-STORY) • 105,939 SF
      555 Metro N Pl, Dublin, OH 43017-5362
      View Details
    • Value Estimation by Request
      4,040 SF

      6400 Riverside Dr

      OFFICE BUILDING • 4,040 SF
      6400 Riverside Dr, Dublin, OH 43017-5197
      View Details
    • Value Estimation
      $28,415,000
      301,872 SF

      5455 Rings Rd, Unit 5475

      OFFICE BUILDING (MULTI-STORY) • 301,872 SF
      5455 Rings Rd, Dublin, OH 43017-3573
      View Details
    • Value Estimation
      $4,985,000
      92,470 SF

      5260 Blazer Pkwy

      OFFICE BUILDING (MULTI-STORY) • 92,470 SF
      5260 Blazer Pkwy, Dublin, OH 43017-3309
      View Details
    • Value Estimation
      $810,000
      8,976 SF

      270 Bradenton Ave

      OFFICE BUILDING • 8,976 SF
      270 Bradenton Ave, Dublin, OH 43017-7516
      View Details
    • Value Estimation by Request
      3,956 SF

      200 Bradenton Ave

      OFFICE BUILDING • 3,956 SF
      200 Bradenton Ave, Dublin, OH 43017-7515
      View Details

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      Columbus Office Building For Sale

      Office building for sale in a high-traffic Columbus corridor.
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      Historic Dublin Office Building For Sale

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    Similar Nearby for Lease

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      Dublin Office Building For Rent

      Three-story office building in Dublin, Ohio, built in 1998.
      5200 Upper Metro Pl, Dublin, OH 43017
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      1,899 SF

      Office Space Available For Lease

      Office suites and freestanding building available for lease.
      5060 Bradenton Ave, Dublin, OH 43017
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    • $12 SF/Yr
      36,333 SF

      Dublin Office Space For Rent

      Office building in Dublin, OH with underground parking.
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      Class A Office Building

      Class A office building in high-traffic area near dining.
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      Dublin Office Space for Lease

      Office suites available in Dublin near Tuttle Crossing Boulevard.
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      Dublin Office Building For Rent

      Two-story office building with 86,473 SF available in Dublin.
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      View Details
    View Listing
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    485 S Metro Pl
    Dublin, OH 43017
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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
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