Listing Agency: NAI Ohio Equities Show Phone

Listed By: Max Ward · License #2024003070 Show Phone

Source: Moodyscre

Added: Jun 11, 2025 Changed: Oct 8 Last Checked: Oct 23 at 8:51AM

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Investment Insights

Based on property information with market context.

This storefront retail space totals 2,322 SF and is situated on a corner lot. The property includes private parking for 8 spaces, supporting convenient customer access.

The site is located on W Broad St in a revitalized Franklinton neighborhood and is positioned in a heavy traffic area with 15,000 vehicles per day, helping drive consistent exposure to passersby.

For retailers seeking a street-facing storefront format, this combination of corner placement, private parking, and high-volume traffic provides a practical foundation for customer-focused operations.

Key Highlights

• 2,322 SF storefront retail space
• Corner lot in a revitalized Franklinton neighborhood
• Private parking for 8 spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,770

Cap Rate

5.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$535,400 $535.4K

Cap Rate 7%

$382,429 $382.4K

Cap Rate 9%

$297,444 $297.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,322 SF

Gross rent

$41.8K $18.00/SF

− Vacancy

−$3.6K −$1.53/SF

EGI

$38.2K $16.47/SF

− OpEx

−$11.5K −$4.94/SF

NOI

$26.8K $11.53/SF

Area

Columbus, OH

Vacancy

8.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$535,400

Cap Rate 7%

$382,429

Cap Rate 9%

$297,444

Alternative Uses

Best Use

Retail

$382.4K

$334.6K – $446.2K (±1% cap)

NOI $26,770 @ 7.0% cap · market cap 5.82%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$483.9K

$423.4K – $564.6K (±1% cap)

NOI $33,874 @ 7.0% cap · market cap 7.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Davinci Meeting Rooms Marketing & Advertising Bottoms Up Coffee Cafe & Coffee Shop Photographs By Ris Photography Service AVANZA Business Solutions Consultant Therapy Prescreen Medical Clinic

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Barber Shop Furniture & Home Goods Florist Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15,000 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

1,191

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 43222, OH

4,124

Population

2,311

Households

1.8

Avg Household Size

34

Median Age

16%

College-Educated

73%

High-School Grad

1.4 sq mi

ZIP Area

2,946

Density / Sq Mi

$36,440

Median Earnings

$752

Median Rent

$215,900

Median Home Value

Market

Vacancy Rate% for Retail in Columbus, OH

5.4% 2019

5.2% 2020

4% 2021

3.8% 2022

3.5% 2023

3.8% 2024

4.1% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Corner lot storefront retail with private parking and visibility in a heavy-traffic area.

Where is this storefront property located?

The property is located at 1069 W Broad St Columbus, OH.

What is the asking price?

The asking price for this property is $460,000.

What are key features of this property?

This property features: 2,322 SF storefront retail space; Corner lot in a revitalized Franklinton neighborhood; Private parking for 8 spaces