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    3325 Broad St Columbus, OH 43213

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    3325 Broad St Columbus, OH 43213

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    • Lifestyle centers
    • 27,747 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 3325 Broad St

    Property size
    27,747 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Mayfair Center presents a compelling investment opportunity in the desirable Columbus, Ohio market. This 27,747 square foot shopping center boasts 100% occupancy, anchored by a newly-leased 12,608 square foot Family Dollar store, alongside a mix of national and local credit tenants. Situated on a prominent +/- 1.40-acre corner lot at 3325 E Broad St, Columbus, OH 43213, the property offers exceptional visibility and accessibility. The center operates under a Triple Net (NNN) lease structure, minimizing landlord responsibilities and maximizing passive income. With a strong cap rate of 7.82% and an asking price of $3,600,000, this multi-tenant retail property represents a stable and potentially lucrative investment. The property's location in Franklin County provides access to a robust consumer base and significant growth potential. The current tenant mix ensures a consistent revenue stream, making this an attractive option for investors seeking a high-performing, low-maintenance asset in a thriving market. This is a rare opportunity to acquire a fully leased, high-quality retail center in a prime Columbus location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9122
    Latitude
    39.9719

    Comparable in this City

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      109,067 SF

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      45,797 SF

      3606 Main St

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      3606 Main St, Whitehall, OH 43213
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      23,250 SF

      873-897 Hamilton Rd

      Neighborhood centers • 23,250 SF
      873-897 Hamilton Rd, Whitehall, OH 43213
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      $10,490,000
      110,749 SF

      6071 Main St

      MINI-MALL • 110,749 SF
      6071 Main St, Columbus, OH 43213
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    • Value Estimation
      $8,995,000
      77,252 SF

      7000 Broad St

      MINI-MALL • 77,252 SF
      7000 Broad St, Columbus, OH 43213-1519
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    • Value Estimation
      $6,705,000
      88,969 SF

      880 Hamilton Rd, Unit 946

      MINI-MALL • 88,969 SF
      880 Hamilton Rd, Columbus, OH 43213-3003
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    Similar Nearby for Sale

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      Columbus Land For Sale

      Land available for sale in Columbus, Ohio.
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      108,256 SF

      Freestanding Building at Rose's Center

      Located at a busy, heavily-trafficked intersection, ideal for retail.
      4632-4640 E Main St, Whitehall, OH 43213
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      85,084 SF

      Columbus Shopping Center For Sale

      85,084 square-foot shopping center in Columbus, Ohio.
      2361-2595 S Hamilton Rd, Columbus, OH 43213
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    • $2,889,230
      7,800 SF

      Freestanding Retail Asset in Columbus

      Long-term leased retail property with 29+ years remaining on lease.
      3552 E Main St, Columbus, OH 43213
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    • $75,000
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      Free-Standing Retail Building For Sale

      Vacant retail building in Columbus MSA, formerly Wendy’s.
      4595 E Main St, Columbus, OH 43213
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      Freestanding Building on Corner Lot

      4,500 SF retail/office space in Whitehall Main Street District.
      4214 E Main St, Whitehall, OH 43213
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    Similar Nearby for Lease

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      109,067 SF

      East Pointe Crossing Retail Space

      Columbus Shopping Center - 1,400 SF Available
      6916-7000 Broad St, Columbus, OH 43213
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      4,434 SF

      Retail Space in Strip Center

      Retail space for lease with high visibility and traffic.
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      4,425 SF

      Retail Space in Busy Center

      Neighborhood shopping center with high visibility and convenient parking.
      880-946 S Hamilton Rd, Whitehall, OH 43213
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    • $12 SF/Yr
      8,000 SF

      Retail Center with I-270 Exposure

      Retail space in high-traffic center near I-270 and Main.
      5929-5975 E Main St, Columbus, OH 43213
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      Retail Opportunities on East Broad

      Retail spaces available within a large shopping center development.
      6791-6977 East Broad St, Columbus, OH 43213
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      2,542 SF

      Prime Whitehall Retail Opportunity

      Former Wendy's, 2,542 SF, High Visibility
      4595 Main St, Columbus, OH 43213
      View Details
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    3325 Broad St
    Columbus, OH 43213
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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.

    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
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