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

    5156 Blazer Pkwy Dublin, OH 43017-7317

    • Office Properties & Spaces
    • 6,353 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1408357
    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

    • Smiley Dental Group / Dental Clinic / Dentist
    • Dr. Samuel E. Smiley, DDS / Dentist
    • Image Gallery / Dental Laboratory
    • Dr. Jeffrey J. Holowicki, DDS / Dentist
    • Solis Mammography Dublin / Radiologist / Medical Diagnostic Imaging Center

    Property Details for 5156 Blazer Pkwy

    Year built
    2002
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    6,353 SF
    Property type
    Office Properties & Spaces
    APN
    273-010862
    APU
    273010862

    Description

    This exceptional 16,452 square foot Class B office building, constructed in 2002, presents a fantastic opportunity in the desirable Dublin submarket of Columbus, Ohio. Located at 5156 Blazer Pkwy, near Frantz Rd, and boasting a convenient Office Condo zoning (APN 273-010862), this single, two-story building offers a versatile space suitable for various office uses, including traditional, executive, medical, and creative office settings. The property features a first-floor suite previously utilized as a mammography center, showcasing a well-designed layout. This includes a welcoming reception and waiting area, several private offices perfect for individual work or team collaboration, a practical kitchenette equipped with a stainless steel sink, and a dedicated conference room for meetings and presentations. The suite's flooring is primarily soft carpeting, complemented by hardwood flooring in select areas. Abundant natural light fills the space, creating a bright and inviting atmosphere. Outdoor amenities include comfortable seating areas with tables and benches, providing a pleasant space for breaks or informal meetings. The property's location offers easy access to a variety of restaurants, enhancing convenience for tenants and visitors. This property is situated in Franklin County, Ohio, zip code 43017.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $220,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1283
    Latitude
    40.0909
    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
    $34,433
    $77,980
    $307,090
    $385,070
    -
    $222,800
    $877,400
    $1,100,200

    Comparable in this City

    • Value Estimation by Request

      65 Bridge St

      Office Properties & Spaces
      65 Bridge St, Dublin, OH 43017
      View Details
    • Value Estimation
      $225,000
      1,500 SF

      5110 Blazer Pkwy

      CONDOMINIUM OFFICES • 1,500 SF
      5110 Blazer Pkwy, Dublin, OH 43017-1339
      View Details
    • Value Estimation by Request
      13,854 SF

      6479 Reflections Dr

      CONDOMINIUM OFFICES • 13,854 SF
      6479 Reflections Dr, Dublin, OH 43017-2374
      View Details
    • Value Estimation
      $245,000
      5,000 SF

      4248 Tuller Rd

      CONDOMINIUM OFFICES • 5,000 SF
      4248 Tuller Rd, Dublin, OH 43017-5025
      View Details
    • Value Estimation
      $235,000
      2,503 SF

      4254 Tuller Rd

      CONDOMINIUM OFFICES • 2,503 SF
      4254 Tuller Rd, Dublin, OH 43017-5007
      View Details
    • Value Estimation
      $275,000
      5,528 SF

      5900 Venture Dr

      CONDOMINIUM OFFICES • 5,528 SF
      5900 Venture Dr, Dublin, OH 43017-6144
      View Details

    Similar Nearby for Sale

    • $19,995,780
      190,436 SF

      Dublin Office/Warehouse Complex

      190,436 SF Office/Industrial Space
      7007 Discovery Blvd, 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
    • $2,950,000
      18,788 SF

      Dublin Medical Office Building

      Multi-tenant medical office, high occupancy.
      5050 Blazer Pkwy, Dublin, OH 43017
      View Details
    • $8,950,000
      50,020 SF

      Dublin Medical Office Investment

      High-yield medical office, strong tenant.
      4015 Dublin Granville Rd, Dublin, OH 43017
      View Details
    • Contact for pricing
      5,831 SF

      Dublin Office/Medical Space For Sale

      2,800 SF office/medical space near Dublin Methodist Hospital.
      6235 Perimeter Dr, Dublin, OH 43017
      View Details
    • $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

    Similar Nearby for Lease

    • $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
    • $14 SF/Yr
      54,000 SF

      Dublin Office Complex: 54,000 SF

      Prime Dublin office space, multiple suites available.
      6631 Commerce Pkwy, Dublin, OH 43017
      View Details
    • $13 SF/Yr
      160,148 SF

      Executive Office Suites in Dublin, OH

      Prime Dublin location, multiple suites available.
      5515 Parkcenter Cir, Dublin, OH 43017
      View Details
    • $20 SF/Yr
      49,114 SF

      Dublin Executive Office Suites

      Premium Office Space, I-270 Access
      5131 Post Rd, Dublin, OH 43017
      View Details
    • $38 SF/Yr
      5,425 SF

      Dublin Office Space for Lease

      Prime Dublin location, 5,425 sq ft available.
      6767 Longshore St, Dublin, OH 43017
      View Details
    • $10 SF/Yr
      25,255 SF

      Dublin Executive Office Suites

      Prime Dublin location, flexible office space.
      6025-6099 Frantz Rd, 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.
    5156 Blazer Pkwy
    Dublin, OH 43017-7317
    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.