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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5900 Parkwood Pl Dublin, OH 43016

    • Office buildings
    • 149,382 SF
    • 12.21 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1743074
    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

    • Nationwide Securities LLC / Insurance Agency
    • Landmark Health / Medical Group
    • UnitedHealth Group / Corporate Office
    • UnitedHealthcare / Corporate Office
    • Farrell Mark / Attorney

    Property Details for 5900 Parkwood Pl

    Year built
    1999
    Lot size
    12.21 lot acres
    Property size
    149,382 SF
    Property type
    Office buildings
    APN
    273-012233
    APU
    273012233

    Description

    5900 Parkwood Place in Dublin, Ohio, presents a remarkable opportunity for businesses seeking premium office space. This five-story, Class A building, constructed in 2000, offers a total of 164,900 square feet of meticulously maintained office space. The property is currently fully vacant, providing a unique chance to customize the entire space to perfectly suit your company's needs. Multiple tenancy options are available, with a minimum divisible space of 10,000 square feet and the possibility of leasing the entire 164,900 square feet contiguously. The building's executive office subtype caters to businesses requiring a sophisticated and professional environment. Its prime location in Dublin, Ohio, zip code 43016, offers easy access to major transportation routes and amenities. The building's modern design and high-quality construction ensure a comfortable and productive workspace for your employees. This is an exceptional opportunity to secure a prestigious and highly functional office space in a thriving business community. Contact us today to learn more about leasing options and explore the possibilities of making 5900 Parkwood Place your new corporate headquarters.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,541,000
      Market price range: $11.9M - $20.7M
      AI Estimate
      $11,655,000
      Market price range: $6.99M - $18.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $15,565,000
      Current use
      MEDICAL BUILDING
      $22,470,000
      Change: +44% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $21,655,000
      Change: +39% Conversion: Easy
      RETAIL STORES
      $18,670,000
      Change: +20% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $14,995,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1402
    Latitude
    40.0871
    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
    $702,614
    $949,490
    $6,908,020
    $7,857,510
    -
    $2,712,800
    $19,737,200
    $22,450,000

    Comparable in this City

    • Value Estimation by Request
      2,817 SF

      6151 Avery Rd

      OFFICE BUILDING • 2,817 SF
      6151 Avery Rd, Dublin, OH 43016-9614
      View Details
    • Value Estimation
      $34,800,000
      226,566 SF

      5500 Britton Pkwy

      OFFICE BUILDING (MULTI-STORY) • 226,566 SF
      5500 Britton Pkwy, Dublin, OH 43016-1274
      View Details
    • Value Estimation by Request
      5,372 SF

      6100 Avery Rd

      OFFICE BUILDING • 5,372 SF
      6100 Avery Rd, Dublin, OH 43016-8760
      View Details
    • Value Estimation by Request
      169 SF

      Corazon Dr

      OFFICE BUILDING • 169 SF
      Corazon Dr, Dublin, OH 43016
      View Details
    • Value Estimation
      $5,700,000
      65,744 SF

      5450 Frantz Rd

      OFFICE BUILDING (MULTI-STORY) • 65,744 SF
      5450 Frantz Rd, Dublin, OH 43016-4134
      View Details
    • Value Estimation
      $6,025,000
      57,891 SF

      6370 Wilcox Rd

      OFFICE BUILDING • 57,891 SF
      6370 Wilcox Rd, Dublin, OH 43016-1269
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Dublin Office Building Near Tuttle

      High-quality office building in a high-profile Dublin location.
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      Dublin Office Building For Lease

      Class A office space available in Dublin, Ohio.
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      View Details
    • $13 SF/Yr
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      Dublin Office Space Available

      Three-story office building with brick, stone, and glass exterior.
      5400 Frantz Rd, Dublin, OH 43016
      View Details
    • $13 SF/Yr
      32,222 SF

      Dublin Office Space For Rent

      Office space available in Dublin with building signage and parking.
      6000 Parkwood Pl, Dublin, OH 43016
      View Details
    • $12 SF/Yr
      3,480 SF

      Dublin Office Space For Rent

      Office space available for sublease in Dublin, Ohio.
      5900-5995 Wilcox Pl, Dublin, OH 43016
      View Details
    • $12 SF/Yr
      16,691 SF

      Dublin Office Space Available

      Move-in ready office suites with key card access and parking.
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      View Details
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    Dublin, OH 43016
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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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