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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Office buildings
5775 Perimeter Dr Dublin, OH 43017-3238
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0528051
Property summary
AI-generated overview
This exceptional two-story medical office building, located at 5775 Perimeter Drive in Dublin, Ohio, offers 39,394 square feet of versatile space. Built in 2000, the property features a single building with ample parking (175 spaces) and is conveniently situated in Franklin County (APN 273-010203-00). The building is ideal for multiple tenants, with suites ranging from a minimum of 1,000 square feet to a maximum contiguous space of 19,200 square feet. Its prime location offers excellent visibility and accessibility, with convenient access to major roadways including I-270 and State Route 161. The property benefits from its proximity to Dublin Hospital and the soon-to-be-completed Mt. Carmel Hospital, as well as the vibrant Bridge Park area. Monument signage is available, providing excellent branding opportunities. Net lease rates range from $21.00 to $23.00 per square foot. This property presents a unique opportunity for medical professionals seeking a well-located, modern, and functional office space in a thriving community. The zip code is 43017.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
39,394 SF
Lot
3.72 ac (162,174 SF)
APN
273-010203
UPID
US66-0528051
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
-
Zaino Law Group Law Firm
-
James Meaney - Zaino Law Group, LPA Law Firm
-
Valley Title & Escrow Co Title Company
-
Specialty Tax Group Tax Preparation
-
Michael Conroy, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.13M
Blend (final)
Blend
$3.95M
Owner & transaction history
5775 Perimeter Investment LLC · 2 yrs held
5775 Perimeter Investment LLC
since 2024
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.5M
+71.8%
Neighborhood: shopping center
$6.5M
+70.9%
Medical building
$5.9M
+56.7%
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
$3,950,000
ML approach
$3,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,780,000
Current use
AUTO REPAIR, GARAGE
$6,495,000
Change: +72% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,460,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$5,925,000
Change: +57% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,710,000
Change: +51% · Conversion: Easy
RETAIL STORES
$4,925,000
Change: +30% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,955,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±10% · vs last sale $3.95M (Jan 2 2024)
Last sale anchor
$3.95M
Jan 2 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
$100 / 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
$165,939
Tax year 2023
Assessed value
$1,855,740
Assessed 2023
Previous assessed
$1,535,390
+20.9% YoY
Effective rate
8.94%
On assessed value
Assessed land
$381,220
Assessed improvement
$1,474,520
Land market value
$1,089,200
Improvement market value
$4,212,900
Total market value
$5,302,100
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
Status
Off-Market
Year built
2000
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
39,394 SF
Lot
3.72 ac (162,174 SF)
APN
273-010203
UPID
US66-0528051
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
$3.8M
AUTO REPAIR, GARAGE
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
RETAIL STORES
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.0M
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
2000
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
3.72 ac
Current owner
From public records · entity-resolved
5775 Perimeter Investment LLC
Entity
Mailing address
6275 WILCOX RD, DUBLIN, OH 43016-1268
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
—
5775 Perimeter Investent LLC
—
Deed
related
$5,639,521 · Heartland Bank
Jan 2, 2024
$3,950,000
5775 Perimeter Investment LLC
Rea Real Estate Ltd
Limited Warranty Deed
—
May 17, 2017
—
Rea Real Estate Ltd
—
Grant Deed
related
$5,200,000 · Killbuck Svgs Bk
—
—
Rea Real Estate Ltd
—
Deed Of Trust
related
$540,000 · Jp Morgan Chase Bk
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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