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    151 Hamilton Rd Gahanna, OH 43230

    • Turn key restaurants
    • 5,884 SF
    • 0.72 lot acres
    For Sale
    View listing
    $2,100,000
    Value Estimation
    Location Intelligence
    Property ID
    US66-1380916
    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

    • Gatsby's / Bar & Grill / Sports Bar
    • Pioneer Meat Co / Butcher Shop

    Property Details for 151 Hamilton Rd

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.72 lot acres
    Property size
    5,884 SF
    Property type
    Turn key restaurants
    APN
    025-000282
    APU
    25000282

    Description

    This Gahanna, Ohio restaurant, Gatsby's Bar & Grill, presents a unique investment opportunity. The 5,884 square foot free-standing building sits on a 1.62-acre lot with a traffic light entrance on Hamilton Road. Established for 47 years, the property includes the real estate, business, furniture, fixtures, equipment, leasehold improvements, name, and intellectual property. The sale also includes a full Gahanna liquor license, lottery, keno, and pull tabs. The property boasts outstanding patios, two outdoor volleyball courts, and ample parking (72 spaces). With a current annual sales volume exceeding $1,537,000, this property offers potential for a new owner-operator, chain, regional, or themed operation, or significant redevelopment. Built in 1900 and renovated in 1981, the single-story building is zoned C4. Financial information is available to qualified buyers upon execution of a confidentiality agreement. The property has been 100% occupied since August 1, 2024. Additional outdoor recreational amenities, such as bocce ball or pickleball courts, may be feasible. APN: 025-008113-00. Asking price: $2,100,000 ($356.90/sq ft).

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $435,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $460,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $455,000
      Mixed-Use
      $460,000
      Hospitality
      $420,000
      Educational
      $385,000
      Residential Income
      $375,000
      Energy
      $365,000
      Income-Based Land
      $395,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Gahanna
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8668
    Latitude
    40.0211
    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
    $18,657
    $80,300
    $144,630
    $224,930
    -
    $229,400
    $413,200
    $642,600

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    151 Hamilton Rd
    Gahanna, OH 43230
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    Realmo Value Estimation

    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.

    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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