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Property profile & analytics
OFF-MARKET
Estimated value
$9,380,000
Office buildings
5400 Frantz Rd Dublin, OH 43016-4144
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1349738
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2002
Total area
65,744 SF
Lot
5.62 ac (244,851 SF)
APN
273-010866
UPID
US66-1349738
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
-
Cisco Systems (Bike/Boat/Book/etc) Store Corporate Office
-
Black Box Network Services Telecommunications Service
-
Mike & Lorie Strange - Keller Williams Dublin Ohio Realtors Real Estate Agency
-
Mandy Rich - Keller Williams Consultants Realty Real Estate Agency
-
Veena Singh Dublin Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.38M
Owner & transaction history
Rea Real Estate Ltd · 3 yrs held
Rea Real Estate Ltd
since 2022
Last sale
$9.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.8M
+58.2%
Neighborhood: shopping center
$10.8M
+57.4%
Medical building
$9.9M
+44.3%
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
$9,605,000
ML approach
$9,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,850,000
Current use
AUTO REPAIR, GARAGE
$10,840,000
Change: +58% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,785,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$9,890,000
Change: +44% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,530,000
Change: +39% · Conversion: Easy
RETAIL STORES
$8,215,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,600,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$9.38M
Range $8.44M – $10.32M · ±10% · vs last sale $9.20M (Dec 21 2022)
Last sale anchor
$9.20M
Dec 21 2022
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
$143 / 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
$228,467
Tax year 2023
Assessed value
$2,555,000
Assessed 2023
Previous assessed
$2,380,000
+7.4% YoY
Effective rate
8.94%
On assessed value
Assessed land
$582,750
Assessed improvement
$1,972,250
Land market value
$1,665,000
Improvement market value
$5,635,000
Total market value
$7,300,000
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
2002
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
65,744 SF
Lot
5.62 ac (244,851 SF)
APN
273-010866
UPID
US66-1349738
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
OFFICE BUILDING Current
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$10.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
MEDICAL BUILDING
Est. value
$9.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
RETAIL STORES
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$6.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
2002
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
5.62 ac
Current owner
From public records · entity-resolved
Rea Real Estate Ltd
Individual
Mailing address
419 W HIGH AVE, NEW PHILADELPHIA, OH 44663-3621
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
$6,968,500
Rea Real Estate Ltd
Preserve Building II A LLC
Limited Warranty Deed
$9,200,000 · Heartland Bank
Mar 11, 2008
—
Preserve Building II-a LLC
Tuttle-frantz II Ltd
Grant Deed
—
—
—
Preserve Building II-a LLC
—
Deed Of Trust
related
$80,750,000 · Fiore Capital LLC
—
—
Preserve Building II-a LLC
—
Deed Of Trust
related
$6,000,000 · Fiore Capital LLC
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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