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    Property profile & analytics

    1325 Broad St Columbus, OH 43222

    • Auto shops
    • 1,936 SF
    • 0.91 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1933330
    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

    • Auto shops

    Property Details for 1325 Broad St

    Year built
    1936
    Lot size
    0.91 lot acres
    Property size
    1,936 SF
    Property type
    Auto shops
    APN
    010-010335
    APU
    10010335

    Description

    This exceptional 0.92-acre parcel at 1325 W Broad St, Columbus, OH 43222 presents a unique mixed-use development opportunity. Located in the rapidly expanding Franklinton neighborhood of Franklin County, this property boasts pre-approved building plans for a residential and commercial development. The site's strategic location within an Opportunity Zone provides significant tax incentives and abatement opportunities, making this an attractive investment. The land is ideally situated to capitalize on Franklinton's burgeoning growth, addressing the area's high demand for housing. All necessary approvals are in place, streamlining the development process and minimizing potential delays. This prime location offers easy access to major transportation routes and amenities, ensuring high visibility and convenient access for future residents and businesses. The 0.92-acre lot provides ample space for a substantial development project, allowing for creative design and efficient space utilization. This is a rare chance to acquire a fully permitted development site in one of Columbus's most dynamic and sought-after neighborhoods. Invest in a future-ready property with substantial growth potential and attractive tax benefits. Don't miss this exceptional opportunity to shape the future of Franklinton.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $356,000
      Market price range: $111k - $356k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $305,000
      Current use
      OFFICE BUILDING
      $275,000
      Change: -10% Conversion: Difficult
      MEDICAL BUILDING
      $260,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0363
    Latitude
    39.9576
    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
    $8,568
    $111,930
    $5,360
    $117,290
    -
    $319,800
    $15,300
    $335,100

    Comparable in this City

    • Value Estimation
      $420,000
      8,899 SF

      1510 Broad St, Unit 1516

      AUTO REPAIR, GARAGE • 8,899 SF
      1510 Broad St, Columbus, OH 43222-1008
      View Details
    • Value Estimation
      $255,000
      2,002 SF

      1318 Broad St

      AUTO REPAIR, GARAGE • 2,002 SF
      1318 Broad St, Columbus, OH 43222-1321
      View Details
    • Value Estimation
      $295,000
      1,680 SF

      96 Hartford Ave

      AUTO REPAIR, GARAGE • 1,680 SF
      96 Hartford Ave, Columbus, OH 43222-1239
      View Details
    • Value Estimation
      $3,645,000
      24,880 SF

      1930 Mckinley Ave

      AUTO REPAIR, GARAGE • 24,880 SF
      1930 Mckinley Ave, Columbus, OH 43222-1006
      View Details
    • Value Estimation
      $270,000
      2,490 SF

      203 Central Ave

      AUTO REPAIR, GARAGE • 2,490 SF
      203 Central Ave, Columbus, OH 43222-1013
      View Details
    • Value Estimation
      $285,000
      0.11 Acres

      1385 Broad St

      AUTO REPAIR, GARAGE • 0.11 Acres
      1385 Broad St, Columbus, OH 43222-1012
      View Details

    Similar Nearby for Sale

    • $795,000
      8,000 SF

      Franklinton Commercial Gem

      8,000 SF Office/Retail Space, Vacant
      1022 Broad St, Columbus, OH 43222
      View Details
    • $699,000
      4,240 SF

      Columbus Mixed-Use Building

      Prime location, high-yield investment.
      1009-1011 Broad St, Columbus, OH 43222
      View Details
    • $299,000

      Franklinton Retail and Apartment Building

      Retail space with unfinished apartments in booming Franklinton.
      1338-1350 W Broad St, Columbus, OH 43222
      View Details
    • $450,000
      1,800 SF

      Columbus Retail Property For Sale

      Retail property with business for sale in Columbus, Ohio.
      1270 W Town St, Columbus, OH 43222
      View Details
    • $525,000
      2,322 SF

      Revitalized Franklinton Corner Lot Retail

      Mixed-use commercial property in revitalized Franklinton neighborhood, minutes from downtown.
      1069 W Broad St, Columbus, OH 43222
      View Details
    • $497,000
      4,400 SF

      West Broad Street Mixed-Use

      Columbus, OH: 4,400 SF, 100% Occupied
      941 Broad St, Columbus, OH 43222
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Fenced and Paved Lot

      Approximately 0.5-acre fenced and paved lot for rent.
      1000 Mckinley Ave, Columbus, OH 43222
      View Details
    • $349,000
      2,981 SF

      Retail/Industrial Space in Franklinton

      2,981 SF retail/industrial space for sale or lease.
      1328 West Broad St, Columbus, OH 43222
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space on Glenwood Avenue

      Retail space available for lease in Columbus, Ohio.
      72 N Glenwood Ave, Columbus, OH 43222
      View Details
    • Contact for pricing
      8,000 SF

      Franklinton Commercial Building

      8,000 SF, High-Visibility Location
      1022 Broad St, Columbus, OH 43222
      View Details
    • $0.01 SF/Yr
      11,583 SF

      Columbus Warehouse - Broad Street

      11,583 SF Warehouse, I-70 Access
      1268 Broad St, Columbus, OH 43222
      View Details
    • $0.01 SF/Yr
      9,239 SF

      Warehouse Space - West Broad Street

      Prime Columbus Warehouse: 9,239 sq ft
      960 Broad St, Columbus, OH 43222
      View Details
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    1325 Broad St
    Columbus, OH 43222
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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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