1041 Norton Rd Galloway, OH 43119-8956
Property Lookup
Property profile & analytics
1041 Norton Rd Galloway, OH 43119-8956
- Drive through restaurants
- 1,749 SF
- 0.75 lot acres
Property ID
US66-1705434
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.
Location Intelligence
Current Use by Public Records
- Subway / Take-out & Catering / Catering Service
Property Details for 1041 Norton Rd
- Year built
- 2002
- Lot size
- 0.75 lot acres
- Property size
- 1,749 SF
- Property type
- Drive through restaurants
- APN
- 010-218227
- APU
- 10218227
Description
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a Subway restaurant in Galloway, Ohio. The 1,600 square foot, drive-thru equipped QSR is situated on a 0.75-acre lot with 24 parking spaces and benefits from a strong location at a signalized intersection of Norton Road and Hall Road (23,700 vehicles per day), with proximity to I-270 (79,500 VPD). The property boasts a 6.44% cap rate and a strong NOI of $57,978. The current lease, commencing May 1, 2002, and expiring April 30, 2026, has approximately 1.4 years remaining with three 5-year renewal options, each including a 10% rent increase. The lease is a NNN (Net, Net, Net) structure, minimizing landlord responsibilities. The property is zoned C4 (Commercial) and enjoys excellent visibility due to its location near major retailers such as Walmart, Home Depot, and Kroger. The surrounding area features a substantial residential population and a strong employment base, creating a robust consumer demographic. This Subway location offers a compelling combination of a secure, long-term lease, significant upside potential through rent increases, and minimal management requirements, making it an ideal investment for passive income seekers. The asking price is $900,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $825,000
- ML approach
- $810,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $692,000
Market price range: $211k - $815k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Galloway
- County
- Franklin
- State
- Ohio
- Longitude
- -83.1448
- Latitude
- 39.9302
- 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
$14,614
$64,050
$136,010
$200,060
-
$183,000
$388,600
$571,600
