Back to Search
Property profile & analytics
FOR LEASE
Office buildings
5900 Parkwood Pl Dublin, OH 43016
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-1743074
For Lease
1 / 32
Contact for pricing
5900 Parkwood Pl, Dublin, OH 43016
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Total area
149,382 SF
Lot
12.21 ac (531,911 SF)
APN
273-012233
UPID
US66-1743074
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
-
Nationwide Securities LLC Insurance Agency
-
Landmark Health Medical Group
-
UnitedHealth Group Corporate Office
-
UnitedHealthcare Corporate Office
-
Farrell Mark Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.54M
Blend (final)
Blend
$14.34M
Owner & transaction history
Dpc4 LP · 7 yrs held
Dpc4 LP
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$22.5M
+44.3%
Apartment house (5+ units)
$21.7M
+39.1%
Retail stores
$18.7M
+19.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$14.34M
Range $12.90M – $15.77M · ±10%
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
$96 / 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
$702,614
Tax year 2023
Assessed value
$7,857,510
Assessed 2023
Previous assessed
$6,545,040
+20.1% YoY
Effective rate
8.94%
On assessed value
Assessed land
$949,490
Assessed improvement
$6,908,020
Land market value
$2,712,800
Improvement market value
$19,737,200
Total market value
$22,450,000
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 (MULTI-STORY)
Status
For Lease
Year built
1999
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
5
Total area
149,382 SF
Lot
12.21 ac (531,911 SF)
APN
273-012233
UPID
US66-1743074
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
$15.6M
MEDICAL BUILDING
Est. value
$22.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.7M
RETAIL STORES
Est. value
$18.7M
COMMERCIAL (GENERAL)
Est. value
$15.0M
OFFICE BUILDING Current
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
1999
Heating
YES
Cooling
Yes
Stories
5
Buildings
1
Lot
12.21 ac
Current owner
From public records · entity-resolved
Dpc4 LP
Entity
Mailing address
5555 PARKCENTER CIR STE #101, DUBLIN, OH 43017-7501
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2018
—
Dpc4 LP
Dpc2 LP
Warranty Deed
$22,000,000 · Goldman Sachs Mortgage Company
Mar 2, 2017
$16,000,000
Dpc2 LP
Bre Of Coh Oh LLC
Grant Deed
$20,530,000 · Benefit Street Ptrs Realty Ope
Dec 22, 2011
$109,545,000
Bre Of Coh Oh LLC
Duke Realty Ohio
Grant Deed
$194,779,959 · General Elec Cap
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
