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Property profile & analytics
FOR LEASE
Medical Office Space
5155 Bradenton Ave Dublin, OH 43017
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1551029
For Lease
1 / 2
Contact for pricing
5155 Bradenton Ave, Dublin, OH 43017
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Total area
21,642 SF
Lot
2.4 ac (104,588 SF)
APN
273-005328
UPID
US66-1551029
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
Current use
Occupant on record · Public records
-
Richard E Scheetz Jr. DDS, MS Dental Office
-
Columbus Ophthalmology Associates Ophthalmologist Eye Care Center
-
XX Ophthalmologist
-
Marcia Hoepf, OD Physician
-
Dr. Kenneth A. Beckman, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$2.17M
Owner & transaction history
Alpha Medical II Ltd · 6 yrs held
Alpha Medical II Ltd
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+9.6%
Neighborhood: shopping center
$3.6M
+9.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dublin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dublin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,255,000
Current use
AUTO REPAIR, GARAGE
$3,570,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,550,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,135,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$2,705,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$119,210
Tax year 2023
Assessed value
$1,333,160
Assessed 2023
Previous assessed
$1,023,370
+30.3% YoY
Effective rate
8.94%
On assessed value
Assessed land
$286,270
Assessed improvement
$1,046,890
Land market value
$817,900
Improvement market value
$2,991,100
Total market value
$3,809,000
Applied tax rate
273.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1999
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
21,642 SF
Lot
2.4 ac (104,588 SF)
APN
273-005328
UPID
US66-1551029
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Alpha Medical II Ltd
Individual
Mailing address
5100 BRADENTON AVE STE C, DUBLIN, OH 43017-7567
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
—
Alpha Medical II Ltd
—
Deed
related
$500,000 · Park National Bank
Apr 1, 2020
—
Alpha Medical II Ltd
—
Deed
related
$500,000 · Fairfield National Bank
Aug 29, 2019
—
Alpha Medical II Ltd
Alpha Medical Ltd
Limited Warranty Deed
$2,154,000 · Fairfield Natl Div Of The Park Natl
Jun 12, 2019
—
Alpha Medical Ltd
—
Deed
related
$140,250 · Richard E JR Scheetz
May 10, 2019
—
Alpha Medical Ltd
—
Deed
related
$262,500 · Richard G Orlando
Jun 16, 2011
—
Alpha Medical Ltd
—
Deed Of Trust
related
$1,995,000 · Key Bank & Trust
Jan 26, 1999
$346,500
Alpha Medical Ltd
Tuttle Road LP
Grant Deed
$2,155,000 · Champaign Nat'l Bank & Trust
—
—
Alpha Medical Ltd
—
Deed Of Trust
related
$262,500 · Richard G Orlando
—
—
Alpha Medical Ltd
—
Deed Of Trust
related
$56,000 · Elmo Phillip Family Trust (pt)
—
—
Alpha Medical Ltd
—
Deed Of Trust
related
$309,375 · Robert J Derick
—
—
Alpha Medical Ltd
—
Deed Of Trust
related
$140,250 · Richard E JR Scheetz
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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