Restaurant Building with
For Sale
$220,000
Pending
4825 E Main St, Columbus, OH 43213
A 900 SF restaurant building on a 105' x 270' lot in a high-traffic area, sold as-is at auction.
Property Size900 SF
Lot Size0.65 Acres
Days on Market73
Property Features for 4825 E Main St
General Information
Standard status
Pending
Size
900 SF
Lot size
0.65 Acres
Taxes and HOA fees
Annual Taxes
$7,190
Listing Agency:
Auction Ohio
(614) 570-2500
Listed By:
Christopher A Davis · License #323631
(614) 570-2500
Source:
Exprealty
Added: May 29
Changed: Jul 21
Last Checked: Jul 21 at 5:33PM
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 Auction Ohio
Investment Insights
Based on property information with market context.
This listing offers an approximately 900 SF restaurant building on a 105' x 270' lot, offered for sale AS IS. The property was previously used as a small restaurant with a drive-thru operation, and it has previously been used as a used car lot. The sale is subject to an online public auction process.
The property is described as being in a high traffic area. Showings may begin as soon as locks are changed, with additional open house dates noted in the remarks.
The asset is being sold at a reserve price as the minimum bid, with bidding details provided in the auction information referenced in the remarks.
The property is described as being in a high traffic area. Showings may begin as soon as locks are changed, with additional open house dates noted in the remarks.
The asset is being sold at a reserve price as the minimum bid, with bidding details provided in the auction information referenced in the remarks.
Key Highlights
- Sold as‑is at an online public auction with bidding starting June 19, 2026 at 12:00 PM and ending June 29, 2026 at 7:00 PM
- 900 SF building on a 105' x 270' lot in a high‑traffic area
- Previous use as a small restaurant with drive‑thru service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,053
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$241,060
$241.1K
Cap Rate 7%
$172,186
$172.2K
Cap Rate 9%
$133,922
$133.9K
Market Conditions
NOI Build-Up for 900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.3K $19.20/SF
− Vacancy
−$1.2K −$1.34/SF
EGI
$16.1K $17.86/SF
− OpEx
−$4.0K −$4.46/SF
NOI
$12.1K $13.39/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$241,060
Cap Rate 7%
$172,186
Cap Rate 9%
$133,922
Alternative Uses
Best Use
Specialty Retail
$172.2K
$150.7K – $200.9K
NOI $12,053 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$187.6K
$164.1K – $218.8K
NOI $13,130 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 43213, OH
35,105
Population
17,069
Households
2.1
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
3,408
Density / Sq Mi
$53,908
Median Household Income
$37,753
Median Earnings
$1,107
Median Rent
$197,700
Median Home Value
Market
Vacancy Rate% for Retail in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - A 900 SF restaurant building on a 105' x 270' lot in a high-traffic area, sold as-is at auction.
Where is this drive through restaurant located?
The property is located at 4825 E Main St Columbus, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Sold as‑is at an online public auction with bidding starting June 19, 2026 at 12:00 PM and ending June 29, 2026 at 7:00 PM; 900 SF building on a 105' x 270' lot in a high‑traffic area; Previous use as a small restaurant with drive‑thru service
