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    Property profile & analytics

    116 Franklin St Richwood, OH 43344-1028

    • Turn key restaurants
    • 1,296 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-2006427
    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

    • Wang's Kitchen / Chinese Restaurant

    Property Details for 116 Franklin St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Property size
    1,296 SF
    Property type
    Turn key restaurants
    APN
    06-0003083.0000
    APU
    600030830000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richwood
    County
    Union
    State
    Ohio
    Longitude
    -83.2967
    Latitude
    40.428
    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
    $643
    $1,830
    $8,150
    $9,980
    -
    $5,220
    $23,280
    $28,500

    Comparable in this City

    • Value Estimation by Request
      2,814 SF

      12 Blagrove St

      RESTAURANT • 2,814 SF
      12 Blagrove St, Richwood, OH 43344-1017
      View Details
    • Value Estimation by Request
      2,028 SF

      115 12th N Franklin St

      RESTAURANT • 2,028 SF
      115 12th N Franklin St, Richwood, OH 43344-1060
      View Details
    • Value Estimation
      $65,000
      609 SF

      2 Franklin St

      RESTAURANT • 609 SF
      2 Franklin St, Richwood, OH 43344-1171
      View Details
    • Value Estimation by Request
      990 SF

      5 Franklin St

      RESTAURANT • 990 SF
      5 Franklin St, Richwood, OH 43344-1026
      View Details
    • Value Estimation by Request
      600 SF

      371 Blagrove St

      DRIVE-THRU RESTAURANT, FAST FOOD • 600 SF
      371 Blagrove St, Richwood, OH 43344-1014
      View Details
    • Value Estimation
      $55,000
      2,268 SF

      107 109th N Franklin St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,268 SF
      107 109th N Franklin St, Richwood, OH 43344
      View Details

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    116 Franklin St
    Richwood, OH 43344-1028
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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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