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    Property profile & analytics

    3307 Broad St, Unit 3325 Columbus, OH 43213-1007

    • Strip malls
    • 27,669 SF
    • 2.33 lot acres
    OFF-MARKET
    Value Estimations
    $825,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1760119
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Family Dollar / School Supply Store / Toy Store
    • MoneyGram / Money Transfer Service
    • Robert Schaefer / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 3307 Broad St

    Year built
    1996
    Lot size
    2.33 lot acres
    Property size
    27,669 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    010-093450
    APU
    10093450

    Description

    Mayfair Center presents a unique retail opportunity in the thriving Eastmoor neighborhood, conveniently located near Bexley and John Glenn International Airport. This strip center boasts high visibility and exceptional traffic counts, with 24,248 vehicles daily on East Broad Street and 25,497 vehicles daily on James Road. The property offers one immediately available space totaling 1,400 square feet, perfect for a variety of retail uses. Its strategic location provides easy access to a substantial consumer base, further enhanced by its proximity to the Defense Supply Center Columbus (DSCC), a major employer with approximately 10,000 employees. The recent opening of a new Family Dollar store within the center adds to the existing commercial activity and demonstrates the area's strong retail potential. This is an excellent chance to establish or expand your business in a high-traffic, well-established commercial area with significant daily vehicle counts and a large, readily accessible workforce. The space is ready for immediate occupancy, offering a turnkey solution for businesses seeking a prime retail location in a vibrant and growing community. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9127
    Latitude
    39.9715
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $79,283
    $340,380
    $744,980
    $1,085,360
    -
    $972,500
    $2,128,500
    $3,101,000

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      Main St

      SHOPPING CENTER, STRIP CENTER • 0.15 Acres
      Main St, Columbus, OH 43213
      View Details
    • Value Estimation by Request
      6,824 SF

      4678 Main St, Unit 4688

      SHOPPING CENTER, STRIP CENTER • 6,824 SF
      4678 Main St, Whitehall, OH 43213-3130
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    • Value Estimation
      $390,000
      46,567 SF

      3646 Main St

      SHOPPING CENTER, STRIP CENTER • 46,567 SF
      3646 Main St, Columbus, OH 43213-2913
      View Details
    • Value Estimation
      $405,000
      9,136 SF

      4417 Main St, Unit 4425

      SHOPPING CENTER, STRIP CENTER • 9,136 SF
      4417 Main St, Columbus, OH 43213-3061
      View Details
    • Value Estimation by Request
      9,284 SF

      6264 Broad St, Unit 6280

      SHOPPING CENTER, STRIP CENTER • 9,284 SF
      6264 Broad St, Columbus, OH 43213-1575
      View Details
    • Value Estimation
      $420,000
      11,750 SF

      4339 Main St, Unit 4367

      SHOPPING CENTER, STRIP CENTER • 11,750 SF
      4339 Main St, Columbus, OH 43213-3036
      View Details

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    Similar Nearby for Lease

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      East Pointe Crossing Retail Space

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      Neighborhood shopping center with high visibility and convenient parking.
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      Retail Space Near Interstates

      Retail space in a high-traffic shopping center near interstates.
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      Eastern Shopping Center Retail Space

      High-traffic retail space available in Columbus, OH
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      View Details
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    3307 Broad St, Unit 3325
    Columbus, OH 43213-1007
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    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.

    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
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