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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5060 Parkcenter Ave Dublin, OH 43017

    • Office buildings
    • 10,351 SF
    • 1.10 lot acres
    For Sale
    View listing
    $1,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2075292
    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.

    Current Use by Public Records

    • Golowin Legal - Wills Trusts Elder Law / Estate Planning Attorney / Elder Law Attorney
    • COPEC / Gas Station
    • Buckeye Psychiatry / Psychiatrist
    • Diane Morris, PCC, LLC / Mental Health Clinic
    • College Funding Relief - Financial Aid, Scholarship and FAFSA / Financial Consultant / Tutoring Service

    Property Details for 5060 Parkcenter Ave

    Year built
    1992
    Construction
    WOOD
    Lot size
    1.10 lot acres
    Property size
    10,351 SF
    Property type
    Office buildings
    APN
    273-005325
    APU
    273005325

    Description

    This exceptional free-standing office building, located at 5060 Parkcenter Avenue in Dublin, Ohio, offers 10,920 square feet of well-maintained space on a one-acre lot. The property boasts a convenient location just north of the Tuttle/I-270 interchange, between Bradenton and Frantz Roads, providing easy access to major thoroughfares. Ample parking is available with 45 spaces. The building features a former owner's suite encompassing 2,541 square feet, which is completely turnkey and ideal for an owner-occupier. This space is available for lease at $13 per square foot, modified gross (tenant pays janitorial and electric). The entire building is also available for sale at $1,450,000. The property's strategic location offers proximity to a variety of amenities, including hotels, motels, Tuttle Mall, numerous restaurants, and retail establishments. This presents a fantastic opportunity for a single tenant or multi-tenant use. The property's APN is 273-005325. The building consists of one suite and is exceptionally well-maintained. This is a truly remarkable opportunity in a highly desirable Dublin location. Don't miss out on this chance to secure a prime office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $783,000
      Market price range: $369k - $1.36M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1261
    Latitude
    40.0796
    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
    $41,788
    $113,610
    $353,710
    $467,320
    -
    $324,600
    $1,010,600
    $1,335,200

    Comparable in this City

    • Value Estimation
      $310,000
      6.09 Acres

      Blazer Pkwy

      OFFICE BUILDING • 6.09 Acres
      Blazer Pkwy, Dublin, OH 43017
      View Details
    • Value Estimation
      $280,000
      0.66 Acres

      Riverside Dr

      OFFICE BUILDING • 0.66 Acres
      Riverside Dr, Dublin, OH 43017
      View Details
    • Value Estimation
      $1,055,000
      414,372 SF

      5100 Rings Rd

      OFFICE BUILDING (MULTI-STORY) • 414,372 SF
      5100 Rings Rd, Dublin, OH 43017-1522
      View Details
    • Value Estimation
      $345,000
      4,056 SF

      6400 Riverside Dr

      OFFICE BUILDING • 4,056 SF
      6400 Riverside Dr, Dublin, OH 43017-5197
      View Details
    • Value Estimation
      $1,225,000
      295,909 SF

      5010 Kilgour Pl

      OFFICE BUILDING (MULTI-STORY) • 295,909 SF
      5010 Kilgour Pl, Dublin, OH 43017
      View Details
    • Value Estimation
      $960,000
      122,813 SF

      545 Metro S Pl

      OFFICE BUILDING (MULTI-STORY) • 122,813 SF
      545 Metro S Pl, Dublin, OH 43017-5316
      View Details

    Similar Nearby for Sale

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      Columbus Office Building For Sale

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      Established Lab Space For Sale

      Tenant occupied since 2005 with recent extension.
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      Medical/Office Building For Sale

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      Dublin Office Building For Sale

      Office building in Dublin, Ohio, suitable for owner-user or investment.
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      Historic Dublin Office Building For Sale

      Meticulously renovated historic building with income-producing carriage house.
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      Dublin Office Building For Sale

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    Similar Nearby for Lease

    • $15 SF/Yr
      1,899 SF

      Office Space Available For Lease

      Office suites and freestanding building available for lease.
      5060 Bradenton Ave, Dublin, OH 43017
      View Details
    • $15 SF/Yr
      3,746 SF

      Dublin Office Space For Lease

      Office suites and entire building available for lease in Dublin.
      5040 Bradenton Ave, Dublin, OH 43017
      View Details
    • $15 SF/Yr
      4,576 SF

      Dublin Office Space For Lease

      Office spaces available for lease in Dublin, Ohio.
      5070 Bradenton Ave, Dublin, OH 43017
      View Details
    • $24 SF/Yr
      7,688 SF

      Bridge Park Ave Retail/Office Space

      Dublin, Ohio: 7,688 sq ft available
      4540 Bridge Park Ave, Dublin, OH 43017
      View Details
    • $24 SF/Yr
      17,483 SF

      Shoppes at River Ridge: Dublin, OH

      Prime Dublin Retail & Office Space
      4305-4335 Granville Rd, Dublin, OH 43017
      View Details
    • $24 SF/Yr
      138,197 SF

      Prime Dublin Office Space

      Modern Bridge Park Offices, 2 Suites Available
      6745 Longshore St, Dublin, OH 43017
      View Details
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    5060 Parkcenter Ave
    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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