Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Free Standing Retail Building Title is generated by Realmo AI

    6445 East Main Street, Reynoldsburg, OH

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

    10,720 SF retail building on 1.64 acres.

    Type:RETAIL
    Property size:
    10,720 SF
    Lot size:
    1.64 Acres
    Price / SF:
    $158/SF
    Added:
    Nov 14, 2025
    Days on Market:
    183
    Last Refresh:
    Apr 5 at 8:24 pm

    Property Features for 6445 East Main Street

    General Information

    Standard status
    Active
    Size
    10,720 SF
    Lot size
    1.64 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Jeff Mattingly
    Jeff Mattingly

    Listing agent Jeff Mattingly

    Listing office Cardinal Commercial Real Estate

    Listing date Nov 14, 2025

    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 Cardinal Commercial Real Estate

    HighLights

    • High traffic counts: 29,000 vehicles per day on E Main St
    • Strong visibility from E Main St
    • Free standing building
    • 10,720 sf building size
    • 1.64 acre lot size
    • Center of the E Main St retail corridor

    Overview

    This is a free-standing building with 10,720 square feet of space on 1.64 acres. The property benefits from strong visibility on East Main Street, situated in a densely populated neighborhood within the center of the East Main Street retail corridor. Traffic counts on East Main Street were recorded at 29,000 vehicles per day in 2019.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $1.59M
    NOI $142,786 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.04M
    NOI $142,786 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.86M
    NOI $142,786 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $209.7k $19.56
    − Vacancy −$5.7k −$0.53
    EGI $204.0k $19.03
    − OpEx −$61.2k −$5.71
    NOI $142.8k $13.32
    10,720 SF · lease $19.56/SF/yr · vacancy 2.72% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $2.04M
    $1.78M – $2.38M (±1% cap)
    NOI $142,786 @ 7.0% cap · market cap 8.40%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $2.19M
    $1.91M – $2.55M (±1% cap)
    NOI $152,985 @ 7.0% cap · market cap 9.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AutoZone Auto Parts Auto Parts Store

    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.

    Similar Places Nearby

    • Botanica Flowers Weddings and Events — 6311 E Main St, Reynoldsburg, OH 43068
    • Botanica Floral Art — 6311 E Main St, Reynoldsburg, OH 43068

    Location Insight

    • Map
    • Local Demand
    City
    Reynoldsburg
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8251
    Latitude
    39.9545

    Nearby Similar for Sale

    • $1,700,000
      12,153 SF

      Reynoldsburg Commercial Asset For Sale

      Turn-key commercial property with high traffic and freeway access.
      6269-6275 E Main Street, Reynoldsburg, OH 43068
      View Details
    • $650,000
      2,698 SF

      Restaurant in Revitalized Downtown Reynoldsburg

      Full-service restaurant with outdoor seating in downtown Reynoldsburg, Ohio.
      7360-7362 E Main Street, Reynoldsburg, OH
      View Details
    • $600,000
      5,040 SF

      Self-Storage Facility on 1.35 Acres

      5,040 SF storage facility with ample outdoor space.
      101 Humphries Dr, Reynoldsburg, OH
      View Details
    • $595,000
      4,960 SF

      East Columbus Multi-Use Commercial Building

      Two-story, 4,960 SF building suitable for office or religious use.
      3050 DELTA MARINE DR, Reynoldsburg, OH
      View Details
    • $895,000
      4,028 SF

      Main Street Retail/Warehouse Opportunity

      Meticulously maintained building in downtown Reynoldsburg with retail and warehouse.
      6800 East Main Street, Reynoldsburg, OH
      View Details
    • $1,695,000
      9,074 SF

      Historic Restaurant Opportunity

      Restaurant building, fixtures, furniture, and equipment for sale.
      7345 E Main St, Reynoldsburg, OH
      View Details
    • $850,000

      Turnkey Restaurant/Bar in Revitalizing Area

      Fully equipped restaurant/bar in a prime downtown location.
      7360 East Main Street, Reynoldsburg, OH 43068
      View Details
    • $21
      12,000 SF

      New Mixed-Use Development For Sale

      Two-story mixed-use building in Olde Reynoldsburg Commercial District.
      7332 E Main Street, Reynoldsburg, OH 43068
      View Details
    • $8
      5,700 SF

      Reynoldsburg Industrial Unit with Warehouse

      5,700 SF industrial unit with easy highway access.
      7295 Rickly St, Reynoldsburg, OH 43068
      View Details
    • $8
      5,700 SF

      Reynoldsburg Industrial Unit with Warehouse

      5,700 SF industrial unit with easy highway access.
      7295 Rickly St, Reynoldsburg, OH 43068
      View Details
    • $895,000
      4,028 SF

      Main Street Retail/Warehouse Opportunity

      Spacious building in downtown Reynoldsburg with retail and warehouse space.
      6800 E Main Street, Reynoldsburg, OH 43068
      View Details
    • $895,000
      4,028 SF

      Main Street Retail/Warehouse Opportunity

      Retail space with warehouse in downtown Reynoldsburg redevelopment area.
      6800 E Main Street, Reynoldsburg, OH 43068
      View Details

    FAQs

    What type of property is this?
    Storefront property - 10,720 SF retail building on 1.64 acres.
    Where is this storefront property located?
    The property is located at 6445 East Main Street Reynoldsburg, OH.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: High traffic counts: 29,000 vehicles per day on E Main St; Strong visibility from E Main St; Free standing building
    (614) 403-8006 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Mattingly
    Jeff Mattingly
    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

    Thank You for Inquiry
    6445 East Main Street, Reynoldsburg, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!