Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5151 Blazer Pkwy Dublin, OH 43017

    • Manufacturing properties
    • 152,100 SF
    • 25.43 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Last Sale
    Aug 10, 2023
    $92,000
    Value Estimations
    $90,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1997407
    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

    • United States Bankruptcy Court / Bankruptcy Attorney
    • Garden City Group Inc / Legal Services
    • AMR Corporation / Consultant
    • Express Scripts / Pharmacy
    • Epiq / Legal Services / Bankruptcy Attorney

    Property Details for 5151 Blazer Pkwy

    Year built
    1975
    Lot size
    25.43 lot acres
    Property size
    152,100 SF
    Property type
    Manufacturing properties
    APN
    273-000424
    APU
    273000424

    Description

    This exceptional single-story medical office building, located at 5151 Blazer Parkway in Franklin County, offers multiple suites for lease. Two spaces are currently available, with a maximum contiguous space of 25,000 square feet, though the total building size is not currently specified. The building features a highly desirable parking ratio of 8 spaces per 1,000 square feet, ensuring ample parking for patients and staff. Its efficient, single-story floor plan promotes ease of access and navigation. Operating expenses are estimated at $4.20 per square foot. Tenants are responsible for their own utilities and janitorial services. The property enjoys a convenient location near Tuttle Mall and a variety of amenities, enhancing its appeal and accessibility. Convenient access to Dublin Transport is also available. This is an excellent opportunity for medical practices seeking modern, well-located office space with generous parking. The building consists of one building with one story. Interested parties should inquire about available suite sizes and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $90,000
      ML approach
      $525,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1298
    Latitude
    40.0883
    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
    $391,967
    $1,449,840
    $2,933,630
    $4,383,470
    -
    $4,142,400
    $8,381,800
    $12,524,200

    Comparable in this City

    • Value Estimation
      $995,000
      146,455 SF

      7007 Discovery Blvd

      MANUFACTURING (LIGHT) • 146,455 SF
      7007 Discovery Blvd, Dublin, OH 43017-3218
      View Details
    • Value Estimation
      $710,000
      44,713 SF

      5655 Venture Dr

      WAREHOUSE, STORAGE • 44,713 SF
      5655 Venture Dr, Dublin, OH 43017-2159
      View Details
    • Value Estimation
      $3,165,000
      86,765 SF

      5160 Blazer Pkwy, Unit 5168

      WAREHOUSE, STORAGE • 86,765 SF
      5160 Blazer Pkwy, Dublin, OH 43017-1339
      View Details
    • Value Estimation
      $870,000
      46,500 SF

      5525 Sawmill Rd

      MINI-WAREHOUSE, STORAGE • 46,500 SF
      5525 Sawmill Rd, Dublin, OH 43017-1586
      View Details
    • Value Estimation
      $785,000
      15,199 SF

      5000 Kilgour Pl

      WAREHOUSE, STORAGE • 15,199 SF
      5000 Kilgour Pl, Dublin, OH 43017
      View Details
    • Value Estimation
      $675,000
      12,806 SF

      4338 Tuller Rd, Unit 4348

      WAREHOUSE, STORAGE • 12,806 SF
      4338 Tuller Rd, Dublin, OH 43017-5028
      View Details

    Similar Nearby for Sale

    • $18,100,000
      190,436 SF

      Dublin Office/Warehouse Space Available

      Creative office/warehouse in Dublin with green space and convenient location.
      7007 Discovery Blvd, Dublin, OH 43017
      View Details
    • Contact for pricing
      5,000 SF

      Prime Dublin Warehouse Space

      Modern warehouse, ideal location, immediate occupancy.
      7001 Discovery Blvd, Dublin, OH 43017
      View Details
    • $19,995,780
      190,436 SF

      Dublin Office/Warehouse Complex

      190,436 SF Office/Industrial Space
      7007 Discovery Blvd, Dublin, OH 43017
      View Details
    • $350,000
      0.85 Acres

      Oakland Coworking Space For Lease

      4,800 SF Open Plan Workspace in Downtown Oakland
      0 Karric Square Dr, Dublin, OH 43017
      View Details
    • $760,000
      12,000 SF

      Dublin Medical Office Building

      12,000 SF Medical Office - $760,000
      5100 Bradenton Ave, Dublin, OH 43017
      View Details
    • $2,290,000
      2 SF

      Dublin Acreage with Riverfrontage Home

      Unique property in Dublin's Bridge Street District with river frontage.
      6730 Dublin Rd, Dublin, OH 43017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,510 SF

      Dublin Warehouse Space Available

      9,510 SF warehouse space for lease in Dublin, Ohio.
      280-290 Cramer Creek Ct, Dublin, OH 43017
      View Details
    • Contact for pricing
      8,190 SF

      Dublin Industrial Space Available

      Industrial property available for rent in Dublin, Ohio.
      260-270 Cramer Creek Ct, Dublin, OH 43017
      View Details
    • $11 SF/Yr
      2,436 SF

      Dublin Office/Warehouse Space Available

      Office and warehouse space in ideal Dublin location.
      4430 Tuller Rd, Dublin, OH 43017
      View Details
    • Contact for pricing
      22,000 SF

      Climate-Controlled Flex Space Available

      22,000 SF flex space in Dublin, immediate occupancy.
      7001 Discovery Blvd, Dublin, OH 43017
      View Details
    • $12 SF/Yr
      4,042 SF

      Dublin Flex Space Available

      Office/warehouse space in Dublin, close to amenities and major routes.
      4400 Tuller Rd, Dublin, OH 43017
      View Details
    • $10 SF/Yr
      9,748 SF

      Dublin Flex Warehouse Space Available

      9,748 SF office/flex warehouse with convenient highway access.
      5160-5168 Blazer Pkwy, Dublin, OH 43017
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5151 Blazer Pkwy
    Dublin, OH 43017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.