Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    232 Broadway St New Lexington, OH 43764-1047

    • Drive through restaurants
    • 14,000 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $1,405,000
    Last Sale
    Jun 16, 2021
    $1,566,933
    Location Intelligence
    Property ID
    US66-5025492
    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

    • Dave's Feed & Seed / Animal Feed Store
    • U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
    • Taco Bell / Fast Food Restaurant / Burrito Restaurant

    Property Details for 232 Broadway St

    Lot size
    0.15 lot acres
    Property size
    14,000 SF
    Property type
    Drive through restaurants
    APN
    27-000363.0000
    APU
    270003630000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,630,000
      6.5%
      $1,700,000
      7%
      $1,555,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,460,000
      Geo Method
      $1,640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,930,000
      Retail
      $1,655,000
      Mixed-Use
      $1,765,000
      Hospitality
      $1,680,000
      Educational
      $1,570,000
      Residential Income
      $1,935,000
      Energy
      $1,465,000
      Income-Based Land
      $1,685,000
      Food Service
      $1,845,000

    Location Insight

    • Map
    • Local Demand
    City
    New Lexington
    County
    Perry
    State
    Ohio
    Longitude
    -82.2066
    Latitude
    39.7197
    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
    $6,787
    $6,770
    $114,030
    $120,800
    -
    $19,350
    $325,790
    $345,140

    Comparable in this City

    • Value Estimation by Request
      9,000 SF

      600 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 9,000 SF
      600 Main St, New Lexington, OH 43764-1533
      View Details
    • Value Estimation
      $390,000
      1,650 SF

      140 Broadway St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,650 SF
      140 Broadway St, New Lexington, OH 43764-1001
      View Details
    • Value Estimation
      $515,000
      3,496 SF

      560 Carroll St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,496 SF
      560 Carroll St, New Lexington, OH 43764-1050
      View Details
    • Value Estimation
      $530,000
      3,962 SF

      590 Carroll St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,962 SF
      590 Carroll St, New Lexington, OH 43764-1050
      View Details
    • Value Estimation by Request
      548 SF

      11400 State Rte 37th E

      TAKE-OUT RESTAURANT • 548 SF
      11400 State Rte 37th E, New Lexington, OH 43764-9655
      View Details
    • Value Estimation by Request
      3,152 SF

      308 Broadway St

      RESTAURANT • 3,152 SF
      308 Broadway St, New Lexington, OH 43764-1005
      View Details

    Similar Nearby for Sale

    • $65,000
      1.34 Acres

      Residential Land in New Lexington

      Build-ready lot near amenities with electric, internet, and public water.
      2690 Township Road 364 SE, New Lexington, OH 43764
      View Details
    • $339,900
      1,934 SF

      Prime New Lexington Daycare Center

      Turnkey Preschool Business, 1934 SF
      211 High St, New Lexington, OH 43764
      View Details
    • $1,900,000
      52,282 SF

      Ohio Distribution and Cold Storage

      52,000+ SF commercial property with cold storage in Ohio.
      1400 Commerce Dr, New Lexington, OH 43764
      View Details
    • $309,000
      27.14 Acres

      Land with Building Potential

      27.145 acres with build sites and recreational opportunities.
      8649 Portie-Flamingo Rd SE, New Lexington, OH 43764
      View Details
    • $94,000

      Prime Ohio Land - New Lexington

      4.65-acre lot, build your dream home.
      2536 Oh-345, New Lexington, OH 43764
      View Details
    • $297,000
      2,500 SF

      Renovated Triplex Investment Opportunity

      Fully renovated 3-unit property in New Lexington, Ohio.
      500 Eastern Ave, New Lexington, OH 43764
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    232 Broadway St
    New Lexington, OH 43764-1047
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.