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    Property profile & analytics

    565 Metro Pl S Dublin, OH 43017

    • Office buildings
    • 120,178 SF
    • 5.75 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Last Sale
    Nov 02, 2020
    $10,650,000
    Value Estimations
    $11,485,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2420915
    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

    • SiO Technologies / Marketing Consultant / Media Company
    • Off the Beaten Path Coffee LLC / Coffee Wholesaler
    • American Financial Network, Inc. / Mortgage Lender
    • IntelliDash / Software Company
    • WebShopApps / Software Company

    Property Details for 565 Metro Pl S

    Year built
    1999
    Lot size
    5.75 lot acres
    Property size
    120,178 SF
    Property type
    Office buildings
    APN
    273-001702
    APU
    273001702

    Description

    This exceptional 7,554 square foot sublease opportunity is located within Two Metro Place, a four-story Class A office building constructed in 2000. Situated in Dublin, Ohio's Northwest submarket, this space offers a versatile layout ideal for a variety of businesses. The suite includes a reception/waiting area, two small meeting rooms, multiple conference rooms, thirteen private offices, and open space accommodating approximately 32 workstations. A convenient kitchenette/break room is also included. The building provides ample parking with a 1:2,500 square foot ratio for executive underground parking and a generous 4:1,000 square foot ratio for surface parking. Two Metro Place enjoys excellent access to major transportation arteries, including I-270, Route 33, and Route 161. This sublease is available until February 2025, offering a flexible short-term solution for expanding or relocating businesses. The total building size is 120,178 square feet, and the building features elevators. This property is located at 565 Metro Pl S, Dublin, OH 43017, within Franklin County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,560,000
      ML approach
      $8,090,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,911,000
      Market price range: $6.11M - $19.2M
      AI Estimate
      $8,223,000
      Market price range: $4.28M - $15.8M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1338
    Latitude
    40.0932
    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
    $438,319
    $580,830
    $4,321,000
    $4,901,830
    -
    $1,659,500
    $12,345,700
    $14,005,200

    Comparable in this City

    • Value Estimation
      $755,000
      105,939 SF

      555 Metro N Pl

      OFFICE BUILDING (MULTI-STORY) • 105,939 SF
      555 Metro N Pl, Dublin, OH 43017-5362
      View Details
    • Value Estimation
      $355,000
      4,040 SF

      6400 Riverside Dr

      OFFICE BUILDING • 4,040 SF
      6400 Riverside Dr, Dublin, OH 43017-5197
      View Details
    • Value Estimation
      $1,085,000
      301,872 SF

      5455 Rings Rd, Unit 5475

      OFFICE BUILDING (MULTI-STORY) • 301,872 SF
      5455 Rings Rd, Dublin, OH 43017-3573
      View Details
    • Value Estimation
      $5,375,000
      92,470 SF

      5260 Blazer Pkwy

      OFFICE BUILDING (MULTI-STORY) • 92,470 SF
      5260 Blazer Pkwy, Dublin, OH 43017-3309
      View Details
    • Value Estimation
      $955,000
      8,976 SF

      270 Bradenton Ave

      OFFICE BUILDING • 8,976 SF
      270 Bradenton Ave, Dublin, OH 43017-7516
      View Details
    • Value Estimation
      $410,000
      3,956 SF

      200 Bradenton Ave

      OFFICE BUILDING • 3,956 SF
      200 Bradenton Ave, Dublin, OH 43017-7515
      View Details

    Similar Nearby for Sale

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      Free-Standing Office Building For Sale

      Two-story office building with executive suite available in Dublin, OH.
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    Similar Nearby for Lease

    • $15 SF/Yr
      1,899 SF

      Office Space Available For Lease

      Office suites and freestanding building available for lease.
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      View Details
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      Office spaces available for lease in Dublin, Ohio.
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      View Details
    • $15 SF/Yr
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      Dublin Office Space For Lease

      Office suites and entire building available for lease in Dublin.
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      View Details
    • $18 SF/Yr
      13,234 SF

      Dublin Office Building - High St

      Prime Dublin Office Space, Two Suites Available
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      View Details
    • $10 SF/Yr
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      Dublin Executive Office Suites

      Prime Dublin location, flexible office space.
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    • $70 SF/Yr
      23,962 SF

      AmeriCenter Dublin Office Suites

      Prime Dublin office space, flexible terms.
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      View Details
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    565 Metro Pl S
    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.

    More about this property
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