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Property profile & analytics
OFF-MARKET
Estimated value
$3,125,000
Office buildings
5350 Frantz Rd Dublin, OH 43016-4259
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-3617052
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Total area
65,744 SF
Lot
5.73 ac (249,468 SF)
APN
273-001723
UPID
US66-3617052
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
-
Grant/Riverside Medical Founda Medical Clinic
-
Dr. Sanford Z. Melmed, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$3.13M
Owner & transaction history
Ohiohealth Corporation · 4 yrs held
Ohiohealth Corporation
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,005,000
ML approach
$3,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.13M
Range $2.81M – $3.44M · ±10% · vs last sale $3.19M (Oct 14 2021)
Last sale anchor
$3.19M
Oct 14 2021
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
$48 / 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
$247,245
Tax year 2023
Assessed value
$2,765,000
Assessed 2023
Previous assessed
$3,080,000
-10.2% YoY
Effective rate
8.94%
On assessed value
Assessed land
$593,740
Assessed improvement
$2,171,260
Land market value
$1,696,400
Improvement market value
$6,203,600
Total market value
$7,900,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2006
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Rooms
6
Bathrooms
1
Total area
65,744 SF
Lot
5.73 ac (249,468 SF)
APN
273-001723
UPID
US66-3617052
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
Building & site characteristics
From public records
Year built
2006
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Rooms
6
Bathrooms
1
Lot
5.73 ac
Current owner
From public records · entity-resolved
Ohiohealth Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
3430 OHIO HEALTH PKWY, COLUMBUS, OH 43202-1575
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
$3,192,500
Ohiohealth Corporation
Lhpt Columbus The LLC
Limited Warranty Deed
—
Sep 14, 2007
$6,823,600
Lhpt Columbus The LLC
Twentieth Century Market INC
Grant Deed
—
Sep 13, 2007
—
Twentieth Century Markets INC
Preserve III LLC
Warranty Deed
—
Jan 3, 2006
—
Preserve III LLC
Preserve Building III LLC
Quit Claim Deed
$7,600,000 · Huntington National Bank
Mar 25, 2004
—
Preserve Building III LLC
Tuttle-frantz Ltd
Grant Deed
$715,000 · Lasalle National Bank
May 10, 2002
—
Paul G Ghidotti Trustee
Tuttle-frantz Rd
Grant Deed
related
—
Dec 23, 1999
—
Mark A Martin Trustee
Tuttle-frantz Ltd
Trustees Deed
related
$5,500,000 · Provident Savings Bank
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.
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