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    Property profile & analytics

    463 Town St Columbus, OH 43215

    • Office buildings
    • 5,293 SF
    • 0.28 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US66-0564148
    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

    • Matrix Media Services Inc / Advertising Agency / Marketing Agency
    • BrewDog Franklinton / Beer Hall / Brewpub

    Property Details for 463 Town St

    Year built
    1900
    Lot size
    0.28 lot acres
    Property size
    5,293 SF
    Zone code
    462
    Property type
    Office buildings
    APN
    010-015220
    APU
    10015220

    Description

    This Columbus, Ohio restaurant presents a compelling investment opportunity. The 4,936 square foot, two-story building, situated on a 0.136-acre lot at 463 W Town Street, boasts a strong 7.14% cap rate and a substantial net operating income (NOI) of $150,000. Built in 1958 and extensively renovated in 2017, the property is currently operating under an NNN lease with a single tenant, a successful and internationally growing restaurant and brewery. The lease, commencing December 31, 2017, has 11.1 years remaining until December 31, 2035, with potential extension options. The asking price is $2,500,000, translating to $425.44 per square foot. Located in the vibrant Franklinton neighborhood, this property benefits from its proximity to numerous new and upcoming developments, ensuring continued growth and high tenant occupancy. This sale-leaseback arrangement offers a secure, long-term income stream with a proven, high-performing tenant. The property's prime location and the tenant's success make this an exceptional investment opportunity in a rapidly developing area of Columbus.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $390,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $415,000
      Mixed-Use
      $360,000
      Hospitality
      $475,000
      Educational
      $365,000
      Residential Income
      $470,000
      Energy
      $370,000
      Income-Based Land
      $360,000
      Food Service
      $475,000

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9875
    Latitude
    39.9599
    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
    $17,522
    $99,230
    $124,750
    $223,980
    -
    $283,500
    $356,400
    $639,900

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    463 Town St
    Columbus, OH 43215
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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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