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    5775 Perimeter Dr Dublin, OH 43017

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    5775 Perimeter Dr Dublin, OH 43017

    View on Map
    • Office buildings
    • 39,394 SF
    • 3.72 lot acres
    For Lease
    $3,950,000
    View Listing →
    Medical Office Space For Rent For Lease
    $3,950,000

    Medical Office Space For Rent

    New medical office space available near Dublin and Mt. Carmel Hospitals.

    5775 Perimeter Dr, Dublin, OH 43017
    View Listing
    Property ID
    US66-0528051
    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
    $3,950,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 5775 Perimeter Dr

    Year built
    2000
    Lot size
    3.72 lot acres
    Property size
    39,394 SF
    Property type
    Office buildings
    APN
    273-010203
    APU
    273010203

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,950,000
      ML approach
      $3,950,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,130,000
      Market price range: $2.00M - $6.31M
      AI Estimate
      $3,113,000
      Market price range: $1.40M - $5.19M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1455
    Latitude
    40.1026
    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
    $165,939
    $381,220
    $1,474,520
    $1,855,740
    -
    $1,089,200
    $4,212,900
    $5,302,100

    Comparable in this City

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      $19,825,000
      212,490 SF

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      View Details
    • Value Estimation by Request
      4,080 SF

      6365 Riverside Dr

      OFFICE BUILDING • 4,080 SF
      6365 Riverside Dr, Dublin, OH 43017-1480
      View Details
    • Value Estimation
      $1,180,000
      12,509 SF

      650 Shawan Fls Dr

      OFFICE BUILDING • 12,509 SF
      650 Shawan Fls Dr, Dublin, OH 43017-2100
      View Details
    • Value Estimation
      $6,895,000
      67,001 SF

      4150 Tuller Rd

      OFFICE BUILDING • 67,001 SF
      4150 Tuller Rd, Dublin, OH 43017-5014
      View Details
    • Value Estimation
      $1,105,000
      10,351 SF

      5060 Parkcenter Ave

      OFFICE BUILDING • 10,351 SF
      5060 Parkcenter Ave, Dublin, OH 43017-7507
      View Details
    • Value Estimation by Request
      3,339 SF

      6451 Sawmill Rd

      OFFICE BUILDING • 3,339 SF
      6451 Sawmill Rd, Dublin, OH 43017-9007
      View Details

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      Medical/Office Building For Sale

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      Dublin Office Building For Rent

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      Office Space Available For Lease

      Office suites and freestanding building available for lease.
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    • $12 SF/Yr
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      Dublin Office Space For Rent

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      Class A Office Building

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      Dublin Office Space for Lease

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      Dublin Office Building For Rent

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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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