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Property profile & analytics
FOR LEASE
Office buildings
6189 Memorial Dr Dublin, OH 43017
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-0064886
For Lease
1 / 34
$11.50 SF/Yr
6189 Memorial Dr, Dublin, OH 43017
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
WOOD
Total area
4,900 SF
Lot
0.58 ac (25,134 SF)
APN
273-006604
UPID
US66-0064886
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$486k
Blend (final)
Blend
$635k
Owner & transaction history
Yw Memorial Drive LLC · 5 yrs held
Yw Memorial Drive LLC
since 2020
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$810,000
+71.8%
Neighborhood: shopping center
$805,000
+70.9%
Medical building
$735,000
+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
$815,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$470,000
Current use
AUTO REPAIR, GARAGE
$810,000
Change: +72% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$805,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: +57% · Conversion: Easy
RETAIL STORES
$610,000
Change: +30% · Conversion: Moderate
COMMERCIAL (GENERAL)
$490,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$415,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $650k (Nov 16 2020)
Last sale anchor
$650k
Nov 16 2020
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
$130 / 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
$19,539
Tax year 2023
Assessed value
$218,510
Assessed 2023
Previous assessed
$227,500
-4.0% YoY
Effective rate
8.94%
On assessed value
Assessed land
$62,130
Assessed improvement
$156,380
Land market value
$177,500
Improvement market value
$446,800
Total market value
$624,300
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
For Lease
Year built
1987
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
4,900 SF
Lot
0.58 ac (25,134 SF)
APN
273-006604
UPID
US66-0064886
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
$470,000
AUTO REPAIR, GARAGE
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$805,000
MEDICAL BUILDING
Est. value
$735,000
RETAIL STORES
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$490,000
WAREHOUSE, STORAGE
Est. value
$415,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Yw Memorial Drive LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 20250, COLUMBUS, OH 43220-0250
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2020
$650,000
Yw Memorial Drive LLC
6189 Memorial Drive LLC
Warranty Deed
—
Mar 29, 2010
—
6189 Memorial Drive LLC
Davis,william E III & Dianne H
Quit Claim Deed
related
—
Mar 17, 2005
$665,000
William E Davis III
Consumer Financial Counseling Ltd
Warranty Deed
—
Feb 19, 2003
$463,800
Consumer Financial Counseling
Memorial Drive Office Complex
Grant Deed
related
$371,018 · Key Bank NA
Sep 4, 2001
$600,000
Memorial Drive Office Complex
Muirloch Ltd
Grant Deed
—
Sep 4, 1997
$475,000
Net Med INC
Muirloch Realty INC
Grant Deed
—
Jul 10, 1997
—
Muirloch Realty INC
Lenker Trust
Grant Deed
related
—
—
—
Steven D Gilbraith
—
Deed Of Trust
related
$93,532 · Consumer Fin'l Consulting
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
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