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Property profile & analytics
OFF-MARKET
Drive through restaurants
1354 Grandview Ave Columbus, OH 43212-2803
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-6106888
Property summary
AI-generated overview
This Columbus, Ohio restaurant presents a compelling investment opportunity. Located at 1354 Grandview Ave, 43212, this 1,290 square foot building sits on a 0.3-acre lot and boasts a prime corner location with high visibility at a signaled intersection. Built in 1956, the property is zoned C-Commercial, allowing for diverse uses. Currently operating as a fast-food restaurant, the property offers multiple curb cuts on both Grandview and Third Avenues, maximizing accessibility. The asking price is $2,550,000, translating to $1,976.74 per square foot. The surrounding area offers a blend of modern amenities and historic charm, including nearby dining, shopping, and green spaces. Convenient access to major highways and public transportation further enhances its appeal. This property is ideal for investors seeking a high-profile asset in a dynamic commercial environment within walking distance of the Columbus Museum of Art and the Arena District. The property's strong location and flexible zoning make it a highly attractive investment prospect.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1956
Total area
1,290 SF
Lot
0.29 ac (12,720 SF)
APN
010-062546
UPID
US66-6106888
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Elwin Cameron Restaurant
-
Panzera's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Carlo S Lombardi · 19 yrs held
Carlo S Lombardi
since 2007
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,097
Tax year 2023
Assessed value
$138,220
Assessed 2023
Previous assessed
$128,810
+7.3% YoY
Effective rate
7.31%
On assessed value
Assessed land
$82,460
Assessed improvement
$55,760
Land market value
$235,600
Improvement market value
$159,300
Total market value
$394,900
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1956
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
1,290 SF
Lot
0.29 ac (12,720 SF)
APN
010-062546
UPID
US66-6106888
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1956
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Carlo S Lombardi
Individual
Mailing address
2359 SWEET CRK CT, GROVE CITY, OH 43123-1689
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2024
—
Carlo S Lombardi
—
Deed
related
$445,438 · Nick C Panzera
May 22, 2007
$300,000
Carlo S Lombardi
Lombardi,fred C
Warranty Deed
related
$313,000 · Jack Arnold L Trust (tr)
—
—
Carlo S Lombardi
—
Deed Of Trust
related
$127,000 · Jack Arnold L Trust (pt)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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