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    555 Metro Pl N Dublin, OH 43017
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    Property profile & analytics

    555 Metro Pl N, Dublin, OH 43017

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    • Office buildings
    • 105,939 SF
    • 5.61 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Office Spaces Available For Rent For Lease
    $18 SF/Yr
    13,869 SF

    Office Spaces Available For Rent

    Office spaces available, ranging from 1,241 to 13,869 SqFt.

    555 Metro Pl N, Dublin, OH 43017
    View Listing
    Property ID
    US66-0989694
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AMMAT Technology Company / Industrial Manufacturer / Production Facility
    • Trinity Global Tech Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • Solu Technology / (Bike/Boat/Book/etc) Store / Corporate Office
    • KK Associates, LLC / (Bike/Boat/Book/etc) Store / Corporate Office
    • TOOGANN TECHNOLOGIES LLC / Engineering Consultant / Company

    Property Details for 555 Metro Pl N

    Year built
    1979
    Lot size
    5.61 lot acres
    Property type
    Office buildings
    APN
    273-001344
    APU
    273001344

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 8, 2016 — 555 Metro LLC — Deed · related $7.6M · The Croghan Colonial Bank
    Aug 4, 2006 $5,200,000 555 Metro LLC Merrill Lynch Mtg Invt 1997-c2 Grant Deed $6.5M · Key Bank & Trust
    Jan 10, 2006 $6,000,000 Merrill Lynch Mtg Invtrs INC Sheriff Of Franklin County Trustees Deed · related —
    Jul 20, 1999 $6,879,800 Cb Partners LP Nfi Metrocenter I Associates Grant Deed —

    Description

    This exceptional office property, located at 555 Metro Pl N in Dublin, Ohio (zip code 43017), offers a variety of spaces to suit diverse business needs. The building provides multiple tenancy options within the thriving Columbus, Ohio submarket. Currently, there are 17 individual office spaces available, ranging in size from a compact 1,241 square feet to a more expansive 13,869 square feet. The property is classified as a Traditional Office, Executive Office, and Creative Office space, catering to a wide range of business types and preferences. Its location in the desirable Dublin submarket of Franklin County offers easy access to amenities and a vibrant business community. The precise total square footage of the building is not currently available. This property presents a unique opportunity for businesses seeking flexible and adaptable office space in a prime location within the Columbus metropolitan area. The address is easily accessible and well-situated within the Dublin business district. Interested parties are encouraged to inquire about available space and lease terms. The property's versatility makes it ideal for companies of various sizes and industries. This is a chance to secure a prominent office presence in a sought-after area of Columbus.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,579,000
      Market price range: $3.77M - $14.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1316
    Latitude
    40.095
    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
    $244,115
    $525,770
    $2,204,230
    $2,730,000
    -
    $1,502,200
    $6,297,800
    $7,800,000

    Comparable in this City

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      5060 Parkcenter Ave

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      View Details
    • Value Estimation by Request
      3,339 SF

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    Similar Nearby for Lease

    • $12 SF/Yr
      36,333 SF

      Dublin Office Space For Rent

      Office building in Dublin, OH with underground parking.
      545 Metro Pl South, Dublin, OH 43017
      View Details
    • Contact for pricing

      Dublin Office Building For Rent

      Three-story office building in Dublin, Ohio, built in 1998.
      5200 Upper Metro Pl, Dublin, OH 43017
      View Details
    • Contact for pricing
      1,899 SF

      Office Space Available For Lease

      Office suites and freestanding building available for lease.
      5060 Bradenton Ave, Dublin, OH 43017
      View Details
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      15,233 SF

      Emerald Parkway Office Space Available

      Office building with 15,233 square feet available for rent.
      5165 Emerald Pkwy, Dublin, OH 43017
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      Dublin Office Building For Sale

      Office building for sale in Dublin, Ohio.
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      Five-Story Office Building in Dublin

      Office and retail spaces available in a five-story building.
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    View Listing
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    Dublin, OH 43017
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    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.

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