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Property profile & analytics
OFF-MARKET
Estimated value
$34,800,000
Office buildings
5500 Britton Pkwy Dublin, OH 43016-1274
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-2398038
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Total area
226,566 SF
Lot
14.88 ac (648,042 SF)
APN
050-010214
UPID
US66-2398038
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$34.80M
CAP Approach
CAP
$45.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.80M
Owner & transaction history
Britton Parkway Holding INC · 2 yrs held
Britton Parkway Holding INC
since 2024
Last sale
$34.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$37.4M
+58.2%
Neighborhood: shopping center
$37.2M
+57.4%
Medical building
$34.1M
+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
$34,800,000
ML approach
$34,800,000
CAP Approach
CAP Return
Estimation
6%
$49,590,000
6.5%
$45,775,000
7%
$42,505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$23,610,000
Current use
AUTO REPAIR, GARAGE
$37,355,000
Change: +58% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$37,165,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$34,080,000
Change: +44% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$32,845,000
Change: +39% · Conversion: Easy
RETAIL STORES
$28,315,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$22,745,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$34.80M
Range $31.32M – $38.28M · ±10% · vs last sale $34.80M (Feb 23 2024)
Last sale anchor
$34.80M
Feb 23 2024
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
$154 / 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
$780,529
Tax year 2023
Assessed value
$9,543,840
Assessed 2023
Previous assessed
$9,531,140
+0.1% YoY
Effective rate
8.18%
On assessed value
Assessed land
$834,680
Assessed improvement
$8,709,160
Land market value
$2,384,800
Improvement market value
$24,883,300
Total market value
$27,268,100
Applied tax rate
50.0000
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
2005
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
226,566 SF
Lot
14.88 ac (648,042 SF)
APN
050-010214
UPID
US66-2398038
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
$23.6M
AUTO REPAIR, GARAGE
Est. value
$37.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$37.2M
MEDICAL BUILDING
Est. value
$34.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$32.8M
RETAIL STORES
Est. value
$28.3M
COMMERCIAL (GENERAL)
Est. value
$22.7M
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
2005
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
14.88 ac
Current owner
From public records · entity-resolved
Britton Parkway Holding INC
Entity
Free & Clear · 2 yrs held
Mailing address
5001 WILCOX RD, DUBLIN, OH 43016-8631
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2024
—
Britton Parkway Holding INC
M Bm LLC
Deed In Lieu Of Foreclosure
related
—
Jun 16, 2009
$34,800,000
M-bm LLC
Lexington Hilliard
Grant Deed
—
Dec 28, 2006
—
Duke Britton 5550 LLC
Duke Realty Ohio
Warranty Deed
$28,960,000 · Bank Of America NA
Dec 28, 2006
$36,155,000
Lexington Hilliard
Duke Britton 5550 LLC
Grant Deed
—
Aug 12, 2005
—
Trueman
Duke Realty Ohio
Quit Claim Deed
related
—
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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