5525 Parkcenter CirDublin, OH 43017

  • Office buildings
  • 339,840 SF
For Lease
$13.50/SF/YR View listing

Property Details for 5525 Parkcenter Cir

Year built
1995
Lot size
18.14 AC
Property size (Sq ft)
339,840 SF
Property type
Office buildings
APN
273-005398
APU
273005398

Description

Atrium I, a Class A office building in Dublin, Ohio's Far Northwest Franklin County submarket (Dublin/Powell), offers 372,830 square feet of executive office space. Built in 1995 and currently undergoing common area renovations, this multi-tenant property features two five-story towers connected by a stunning glass and marble atrium. The building boasts 285,421 square feet of vacant space, divisible into units ranging from 4,678 to 31,510 contiguous square feet. Amenities include three elevators, a 500kw, 3-phase full building generator, and ample parking (4.2 spaces per 1,000 square feet). The property is ideally situated at 5525 Parkcenter Circle, Dublin, OH 43017, providing convenient access to Columbus' thriving tech hub. Its design prioritizes flexibility and identity potential, making it an excellent choice for forward-thinking businesses seeking high-impact space. The building's modern infrastructure and prime location offer a unique opportunity for companies looking to establish or expand their presence in a dynamic and growing market. This exceptional property presents a rare chance to secure premium office space in a highly sought-after location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $47,063,964
    6.5%
    $43,443,660
    7%
    $40,340,544
  • Comparable approach

    Method
    Valuation
    Relative Method
    $31,788,634
    Geo Method
    $31,788,634
  • Alternative Use

    Use
    Valuation
    Residential
    $53,870,140
    Hospitality
    $49,344,760
    Educational
    $41,054,260
    Medical
    $42,466,180
    Retail
    $63,862,180

Location Insight

City
Dublin
County
Franklin
State
Ohio
Latitude
40.0808
Longitude
-83.134
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
$460,063
$1,316,350
$11,631,130
$12,947,480
-
$3,761,000
$33,231,800
$36,992,800

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