| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 61st | Good |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2765 Sawmill Park Dr, Dublin, OH, 43017, US |
| Region / Metro | Dublin |
| Year of Construction | 2002 |
| Units | 120 |
| Transaction Date | 2012-12-01 |
| Transaction Price | $8,300,000 |
| Buyer | Tricap |
| Seller | Residences at Sawmill Park, LLC |
2765 Sawmill Park Dr Dublin Multifamily Investment
Stabilized renter demand in an inner-suburban pocket of Columbus, with neighborhood occupancy measured at the neighborhood level rather than the property, points to steady leasing fundamentals, according to WDSuite’s CRE market data. A 2002 vintage offers competitive positioning among older nearby stock while leaving room for targeted modernization.
Dublin’s inner-suburban setting combines daily convenience with solid renter fundamentals. Neighborhood occupancy trends are above the national median, supporting lease stability at the submarket level (this refers to neighborhood metrics, not the property). Grocery access is a clear strength, ranking near the top among 580 Columbus neighborhoods and in the upper national percentiles, while restaurants also score well. By contrast, parks and cafes are sparse within neighborhood boundaries, which can modestly affect lifestyle appeal relative to amenity-rich urban nodes.
The property’s 2002 construction is newer than the neighborhood’s average vintage (late 1980s). For investors, this typically translates into better competitive positioning versus older Class B stock, with capital plans focused on selective updates and systems upkeep rather than full-scale repositions.
Renter concentration is high at the neighborhood level—competitive among 580 Columbus neighborhoods—signaling a deep tenant base for multifamily. Within a 3-mile radius, demographic data indicate population growth over the past five years and a rising household count alongside smaller average household sizes, which together point to a broader renter pool and support for occupancy stability.
Home values in this high-cost ownership context (upper national percentiles for value-to-income) tend to reinforce reliance on rental housing, while rent-to-income remains manageable by national comparison—useful for lease retention and pricing power when supported by consistent operations and thoughtful renewal strategies, based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood are mixed relative to Columbus and national benchmarks. Overall crime levels sit below the national median for safety (lower national percentile), and the area ranks below the metro median when compared against 580 Columbus neighborhoods. Year over year, property offenses have eased, which is constructive, while violent offense estimates have increased; investors should underwrite with attention to security practices and local trend monitoring rather than block-level assumptions.
Nearby corporate offices anchor a diverse white-collar employment base that supports renter demand and commute convenience for residents, including Fuse by Cardinal Health, Cardinal Health, Big Lots, Nationwide, and Cardinal Health’s headquarters.
- Fuse by Cardinal Health — corporate offices (1.5 miles)
- Cardinal Health — corporate offices (2.3 miles)
- Cardinal Health — corporate offices (2.5 miles) — HQ
- Big Lots — corporate offices (8.3 miles) — HQ
- Nationwide — corporate offices (9.0 miles) — HQ
This 120-unit, 2002-vintage asset benefits from a renter-oriented neighborhood where occupancy trends are above national medians and grocery/dining access outperforms much of the metro, underpinning demand depth. According to CRE market data from WDSuite, the area’s renter concentration is competitive among 580 Columbus neighborhoods, and within a 3-mile radius, recent population gains and a faster-growing household count suggest a larger tenant base over time. Elevated ownership costs relative to incomes support reliance on rentals, while rent-to-income levels remain manageable, aiding retention when paired with prudent lease management.
Relative to older local stock, the vintage offers operational competitiveness with value-add potential through targeted interior refreshes and common-area updates as systems age. Investors should also account for amenity gaps within neighborhood boundaries and mixed safety trends by aligning capital plans with tenant expectations and practical risk controls.
- Renter-heavy neighborhood supports steady tenant demand and occupancy stability.
- 2002 construction is newer than the area’s average, enabling targeted value-add rather than full repositioning.
- 3-mile population and household growth expands the tenant base and supports leasing.
- Risks: limited parks/cafes and mixed safety trends require amenity planning and prudent operations to sustain retention.