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

    6157 Emerald Pkwy Dublin, OH 43016-3248

    • Retail space
    • 8,315 SF
    • 3.32 lot acres
    OFF-MARKET
    Last Sale
    Feb 25, 2021
    $1,580,000
    Value Estimations
    $1,225,000
    Show details
    Cap Rate Potential
    9.8%
    Retail space
    Location Intelligence
    Property ID
    US66-4481489
    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

    • all R friends / Adult Day Care Center

    Property Details for 6157 Emerald Pkwy

    Year built
    2022
    Construction
    WOOD
    Lot size
    3.32 lot acres
    Property size
    8,315 SF
    Property type
    Retail space
    APN
    273-012214
    APU
    273012214

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,125,000
      ML approach
      $1,190,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,610,000
      6.5%
      $1,485,000
      7%
      $1,380,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,242,000
      Market price range: $463k - $1.62M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,040,000
      Current use
      AUTO REPAIR, GARAGE
      $1,370,000
      Change: +32% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,365,000
      Change: +31% Conversion: Moderate
      MEDICAL BUILDING
      $1,250,000
      Change: +20% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,205,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $865,000
      Change: -17% Conversion: Easy
      COMMERCIAL (GENERAL)
      $835,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1445
    Latitude
    40.0894
    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
    $39,359
    $164,220
    $275,940
    $440,160
    -
    $469,200
    $788,400
    $1,257,600

    Comparable in this City

    • Value Estimation
      $450,000
      11,798 SF

      5061 Tuttle Xing Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,798 SF
      5061 Tuttle Xing Blvd, Dublin, OH 43016-1533
      View Details
    • Value Estimation
      $315,000
      31,954 SF

      5625 Shier Rings Rd

      RETAIL STORES (PERSONAL SERVICES) • 31,954 SF
      5625 Shier Rings Rd, Dublin, OH 43016-1231
      View Details
    • Value Estimation
      $450,000
      5,964 SF

      5170 Tuttle Xing Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,964 SF
      5170 Tuttle Xing Blvd, Dublin, OH 43016-1536
      View Details
    • Value Estimation
      $380,000
      9,660 SF

      4975 Tuttle Xing Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,660 SF
      4975 Tuttle Xing Blvd, Dublin, OH 43016-1531
      View Details
    • Value Estimation
      $605,000
      22,128 SF

      5915 Britton Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 22,128 SF
      5915 Britton Pkwy, Dublin, OH 43016-1291
      View Details
    • Value Estimation
      $350,000
      7,320 SF

      1980-1999 Hard Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,320 SF
      1980-1999 Hard Rd, Dublin, OH 43016
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      78,550 SF

      Dublin Commercial Property: Two Suites

      Suites available in a 78,550 SF Dublin property.
      6175 Shamrock Ct, Dublin, OH 43016
      View Details
    • $7,000,000
      9.20 Acres

      Dublin Retail Land - Redevelopment Opportunity

      9.2 Acres, 149,310 SF, $7M
      5053 Tuttle Crossing Blvd, Dublin, OH 43016
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    • $40,000

      Turn-Key Sushi Restaurant Opportunity

      Established sushi restaurant for sale in Dublin, Ohio.
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    • Contact for pricing

      Corner Lot on Sawmill Road

      0.676 acre corner lot, ideal for office or medical.
      3838 Summitview Rd, Dublin, OH 43016
      View Details
    • $445,000

      Commercial Land on Tuttle Crossing

      Commercial land with frontage on Tuttle Crossing Blvd.
      5630 Tuttle Crossing Blvd, Dublin, OH 43016
      View Details
    • $395,000

      Land For Sale Dublin, OH

      Land available for sale in Dublin, Ohio.
      Frantz Rd, Dublin, OH 43016
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,567 SF

      Dublin Retail Space Available

      Retail space for rent with easy access and C-Commercial zoning.
      5601-5691 Woerner Temple Rd, Dublin, OH 43016
      View Details
    • $7,000,000
      5,995 SF

      Retail Space in Major Corridor

      Located in a high-traffic retail corridor in Columbus, Ohio.
      5013-5123 Tuttle Crossing Blvd, Dublin, OH 43016
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Best Buy

      Retail space co-anchored by Best Buy and shadow anchored by Walmart.
      5700-5830 Britton Pkwy, Dublin, OH 43016
      View Details
    • Contact for pricing
      144,826 SF

      Prime Dublin Retail Space Available

      Tuttle Crossing Mall: Multiple Units, High Traffic
      5043 Tuttle Crossing Blvd, Dublin, OH 43016
      View Details
    • $78,571
      143,312 SF

      Columbus Retail Land Opportunity

      Prime Dublin location, 3 lots lease, 1 for sale.
      0 Avery Rd, Dublin, OH 43016
      View Details
    • $15 SF/Yr
      20,183 SF

      Dublin Flex Space For Lease

      20,183 SF flex space in desirable Dublin, Ohio.
      6141 Avery Rd, Dublin, OH 43016
      View Details
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    Dublin, OH 43016-3248
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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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