Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7995-8173 E Broad St Reynoldsburg, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a power center with strong traffic.

    Type:RETAIL
    Property size:
    2,140 SF
    Lot size:
    24.82 Acres
    Added:
    Feb 2, 2023
    Days on Market:
    1182
    Last Refresh:
    Apr 5 at 10:18 pm

    Property Features for 7995-8173 E Broad St

    General Information

    Standard status
    Active
    Size
    2,140 SF
    Lot size
    24.82 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 7995-8173 E Broad St Contact us

    We can help!

    Listing Contact
    Luke Streng
    Luke Streng

    Listing agent Luke Streng

    Listing office CBRE | Columbus

    Listing date Feb 2, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Columbus

    Overview

    Retail Space in Power Center

    This retail space is located in a power center with anchor tenants including TJ Maxx, Hobby Lobby, Half Price Books, Dollar Tree, and Lowe's. Other retailers in the area include Target, Meijer, Aldi, and Office Max. The center is adjacent to the Limited Brands Distribution campus. The location benefits from strong traffic counts, with 35,000 vehicles per day. The available space measures 2,140 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reynoldsburg
    County
    Franklin
    State
    Ohio
    Longitude
    -82.7877
    Latitude
    39.9844

    Nearby Similar for Lease

    • Contact for pricing

      Reynoldsburg Flex R&D Space

      56,520 SF flex R&D space available for sublease.
      6939 Americana Pkwy, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing

      Reynoldsburg Industrial Space For Lease

      Industrial spaces available for lease in Reynoldsburg, Ohio.
      7482-7488 E Main St, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing

      Retail Space in Reynoldsburg, Ohio

      Retail spaces available in a busy Reynoldsburg shopping center.
      2656-2736 Brice Rd, Reynoldsburg, OH
      View Details
    • Contact for pricing

      Redevelopment Opportunity Near Main Street

      Former car wash on 0.6382 acres, ready for redevelopment.
      1375 Hentz Dr, Reynoldsburg, OH
      View Details
    • Contact for pricing

      Freestanding Restaurant with Drive-Thru

      3,679 SF restaurant with drive-thru in Reynoldsburg, OH.
      6999 E MAIN ST, Reynoldsburg, OH
      View Details
    • Contact for pricing

      Reynoldsburg Distribution Property for Lease

      Distribution property in Reynoldsburg, Ohio, with convenient access.
      7460 Taylor Rd SW, Reynoldsburg, OH
      View Details
    • Contact for pricing

      Busiest Shopping Center Available

      High-traffic shopping center with strong demographics and excellent visibility.
      2829-2965 Taylor Rd, Reynoldsburg, OH
      View Details
    • Contact for pricing

      Retail Space in Taylor Square

      Retail space available within a large mixed-use development.
      2928 Taylor Rd Ext, Reynoldsburg, OH
      View Details
    • Contact for pricing

      Reynoldsburg Industrial Property for Lease

      Large industrial space available for lease in Reynoldsburg, Ohio.
      0 Summit St, Reynoldsburg, OH, 43068
      View Details
    • Contact for pricing

      Industrial Building on US 40

      Multi-tenant industrial building near I-270 available for rent.
      7492-7508 E Main St, Reynoldsburg, OH
      View Details
    • Contact for pricing

      Industrial Building on US 40

      Multi-tenant industrial building near I-270 available for rent.
      7482-7488 E Main St, Reynoldsburg, OH
      View Details
    • Contact for pricing

      Reynoldsburg Retail Space For Lease

      Retail spaces available in a busy Reynoldsburg shopping center.
      2640 Brice Rd, Reynoldsburg, OH 43068
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space available in a power center with strong traffic.
    Where is this strip mall located?
    The property is located at 7995-8173 E Broad St Reynoldsburg, OH.
    What are key features of this property?
    This property features: Strong anchor tenants including TJ Maxx, Hobby Lobby, Half Price Books, Dollar Tree & Lowes.; High traffic counts of 35,000 per day.; Location adjacent to the Limited Brands Distribution campus.
    (614) 781-5130 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Luke Streng
    Luke Streng
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!