4015 Dublin Granville RdDublin, OH 43017

Property Details for 4015 Dublin Granville Rd

Year built

1986

Construction

WOOD

Lot size

4.25 AC

Property size (Sq ft)

50,020 SF

Zone code

4015

Property type

Medical offices

Property subtype

Medical centers

APN

273-008296

APU

273008296

Description

This exceptional two-story, 50,020 square foot Class B medical office building presents a compelling value-add investment opportunity in Dublin, Ohio. Boasting a 90.5% occupancy rate with a single, long-term tenant—Reach Educational Services—under a net lease extending through 2033, this property offers significant upside potential. The building features a newer roof (installed within the last seven years), nearly all HVAC units have been recently replaced, and energy-efficient upgrades including solar power and LED lighting have been implemented. A completed PACE energy efficiency project provides tax abatement. The property sits on a five-acre lot with prominent monument signage on Dublin-Granville Road, enjoying high visibility to 23,000 vehicles daily. Its strategic location near the new $300 million Dublin Bridge Park Development and Dublin Methodist Hospital further enhances its appeal. The asking price is $8,950,000, representing a 7.00% cap rate at current occupancy and a pro-forma cap rate of 8.20% at 100% occupancy. Lease options are available. The property is zoned BSD-O. This is a rare opportunity to acquire a stable, high-performing asset with substantial growth prospects in a thriving Ohio market. The tenant provides Applied Behavior Analytic (ABA) services.

• CAP approach

  CAP return

  Valuation

  6%

  $7,850,830

  6.5%

  $7,246,920

  7%

  $6,729,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,678,870

  Geo Method

  $4,678,870

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,336,400

  Retail / Commercial

  $7,655,200

  Mixed-Use / Specialty

  $7,463,010

  Hospitality / Lodging

  $5,260,680

  Institutional / Educational

  $7,699,580

  Residential Income

  $9,008,510

  Multifamily

  $11,718,500

  Automotive / Energy

  $6,599,640

  Parking / Income-Based Land

  $2,440,370

  Restaurant / Food Service

  $3,529,640

  Healthcare / Senior Housing

  $7,822,270

Location Insight

City

Dublin

County

Franklin

State

Ohio

Latitude

40.0984

Longitude

-83.0982

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].