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    6500 Emerald Pkwy Dublin, OH 43016

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    6500 Emerald Pkwy Dublin, OH 43016

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    • Office buildings
    • 131,376 SF
    • 5.44 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Dublin Office Space Available For Lease
    $12 SF/Yr
    16,691 SF

    Dublin Office Space Available

    Move-in ready office suites with key card access and parking.

    6500 Emerald Pkwy, Dublin, OH 43016
    View Listing
    Property ID
    US66-1551425
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Emerald Cafe / Restaurant
    • West Corporation / Telecommunications Service / General Contractor
    • Management and Network Services, LLC / Physician
    • Resolution Technology Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • ClearChoice Dental Implant Center / Dental Office / Physician

    Property Details for 6500 Emerald Pkwy

    Year built
    1995
    Lot size
    5.44 lot acres
    Property size
    131,376 SF
    Property type
    Office buildings
    APN
    273-007011
    APU
    273007011

    Description

    Emerald III, located at 6500 Emerald Parkway in Dublin, Ohio (zip code 43016), offers exceptional executive office space within the prestigious Tuttle Crossing Office Park. This four-story, Class A building, constructed in 2002 and extensively renovated in 2019, boasts a total of 128,280 square feet. The property features flexible floorplates averaging over 33,000 square feet, allowing for a variety of tenant needs. Currently, there are multiple tenancies available, with spaces ranging from a minimum of 1,769 square feet to a maximum contiguous space of 20,837 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,688,000
      Market price range: $10.5M - $18.2M
      AI Estimate
      $8,567,000
      Market price range: $6.14M - $16.2M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $13,690,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $19,045,000
      Change: +39% Conversion: Easy
      RETAIL STORES
      $16,420,000
      Change: +20% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $13,190,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1406
    Latitude
    40.0801
    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
    $516,423
    $398,410
    $5,376,880
    $5,775,290
    -
    $1,138,300
    $15,362,500
    $16,500,800

    Comparable in this City

    • Value Estimation
      $10,295,000
      103,085 SF

      6100 Emerald Pkwy

      OFFICE BUILDING (MULTI-STORY) • 103,085 SF
      6100 Emerald Pkwy, Dublin, OH 43016-3248
      View Details
    • Value Estimation
      $9,320,000
      109,416 SF

      5080 Tuttle Xing Blvd

      OFFICE BUILDING (MULTI-STORY) • 109,416 SF
      5080 Tuttle Xing Blvd, Dublin, OH 43016-3540
      View Details
    • Value Estimation
      $14,335,000
      149,382 SF

      5900 Parkwood Pl

      OFFICE BUILDING (MULTI-STORY) • 149,382 SF
      5900 Parkwood Pl, Dublin, OH 43016-1216
      View Details
    • Value Estimation
      $3,125,000
      65,744 SF

      5350 Frantz Rd

      OFFICE BUILDING (MULTI-STORY) • 65,744 SF
      5350 Frantz Rd, Dublin, OH 43016-4259
      View Details
    • Value Estimation by Request
      2,865 SF

      6131 Avery Rd

      OFFICE BUILDING • 2,865 SF
      6131 Avery Rd, Dublin, OH 43016-8761
      View Details
    • Value Estimation
      $1,815,000
      13,824 SF

      5925 Wilcox Pl, Unit 5995

      OFFICE BUILDING • 13,824 SF
      5925 Wilcox Pl, Dublin, OH 43016-6796
      View Details

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      14,592 SF

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      4,444 SF

      Dublin Office Building For Sale

      Office building in Dublin's Perimeter West Professional Village.
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      Dublin Commercial Property with Suites

      Commercial property in Dublin, OH, featuring suites suitable for various uses.
      6175 Shamrock Ct, Dublin, OH 43016
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      Dublin Medical Office Near Hospital

      Class A medical office building adjacent to OhioHealth Dublin Methodist Hospital.
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      46,860 SF

      Hospitality Property For Sale

      Hospitality property available for sale.
      5550 Tuttle Crossing Blvd, Dublin, OH 43016
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      Corner Lot on Sawmill Road

      0.676 acre corner lot, ideal for office or medical.
      3838 Summitview Rd, Dublin, OH 43016
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    Similar Nearby for Lease

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      Renovated Office Building in Dublin

      Two-story office building with renovated common areas and ample parking.
      4700 Lakehurst Ct, Dublin, OH 43016
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      Class A Office Space Available

      Two-story Class A office building available for lease.
      6397 Emerald Pkwy, Dublin, OH 43016
      View Details
    • Contact for pricing
      5,062 SF

      Dublin Office Building Near Tuttle

      High-quality office building in a high-profile Dublin location.
      6397 Emerald Pkwy, Dublin, OH 43016
      View Details
    • Contact for pricing

      Class A Office Space Dublin

      Five-story office building with freeway visibility in Dublin, Ohio.
      6000 Parkwood Pl, Dublin, OH 43016
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building in Dublin, Ohio for rent.
      5900 Parkwood Pl, Dublin, OH 43016
      View Details
    • $22 SF/Yr

      Dublin Office Space For Rent

      2,000 SF office space in Dublin's Camden Office Park.
      6205 Emerald Pkwy, Dublin, OH 43016
      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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