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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3040 Nwnw Blvd Upper Arlington, OH 43221-2262

    • Drive through restaurants
    • 2,413 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1546386
    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

    • Drive through restaurants

    Property Details for 3040 Nwnw Blvd

    Year built
    1978
    Lot size
    0.52 lot acres
    Property size
    2,413 SF
    Property type
    Drive through restaurants
    APN
    070-008759
    APU
    70008759

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Upper Arlington
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0569
    Latitude
    40.0191
    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
    $25,807
    $196,880
    $123,410
    $320,290
    -
    $562,500
    $352,600
    $915,100

    Comparable in this City

    • Value Estimation by Request
      3,415 SF

      2055 Riverside Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,415 SF
      2055 Riverside Dr, Upper Arlington, OH 43221-4012
      View Details
    • Value Estimation by Request
      1,371 SF

      1370 Ln Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,371 SF
      1370 Ln Ave, Columbus, OH 43221
      View Details
    • Value Estimation by Request
      4,300 SF

      2081 Riverside Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,300 SF
      2081 Riverside Dr, Upper Arlington, OH 43221
      View Details
    • Value Estimation
      $540,000
      3,680 SF

      3746 Riverside Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,680 SF
      3746 Riverside Dr, Upper Arlington, OH 43221-1134
      View Details
    • Value Estimation by Request
      3,299 SF

      3000 Nwnw Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,299 SF
      3000 Nwnw Blvd, Upper Arlington, OH 43221-2902
      View Details
    • Value Estimation
      $1,195,000
      3,739 SF

      3650 Riverside Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,739 SF
      3650 Riverside Dr, Upper Arlington, OH 43221-1158
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Stabilized Office Building Near OSU

      Fully stabilized office building close to Upper Arlington and OSU.
      921 Chatham Ln, Columbus, OH 43221
      View Details
    • $260,000

      Condominium Backing onto Green Space

      Serene condominium with green space views, community pool, and amenities.
      2782 Chateau Cir S, Columbus, OH 43221
      View Details
    • Contact for pricing
      55 SF

      Three-Story Office Building For Sale

      55,960 SF office building with high visibility and ample parking.
      941 Chatham Ln, Columbus, OH 43221
      View Details
    • $450,000

      Columbus Duplex - Prime Investment

      Two-unit apartment building, Hilliard schools.
      3731-3733 Heatherglen Dr, Columbus, OH 43221
      View Details
    • $299,900
      1,670 SF

      Stunning 2-Bedroom Condominium

      Serene 2-bedroom, 2-bath condominium with open concept and natural light.
      3127 Griggsview Ct, Columbus, OH 43221
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      218,925 SF

      Kingsdale Shopping Center Retail Space

      Prime Upper Arlington retail space available.
      3061 Kingsdale Ctr, Upper Arlington, OH 43221
      View Details
    • $21 SF/Yr
      32,000 SF

      Westmont at The Lane Office Suites

      Upper Arlington Office Space: 1,410-11,100 SF
      1690 Lane Ave, Columbus, OH 43221
      View Details
    • $28 SF/Yr
      1,500 SF

      Retail Space Near Kingsdale Center

      Retail space for lease across from Kingsdale Shopping Center.
      3219-3241 Tremont Rd, Upper Arlington, OH 43221
      View Details
    • Contact for pricing
      5,575 SF

      Retail Space in Columbus, OH

      Retail property available for lease in Columbus, Ohio.
      3150 Tremont Rd, Columbus, OH 43221
      View Details
    • $25 SF/Yr
      21,718 SF

      New Mixed-Use Development Available

      New office and retail spaces for lease in Upper Arlington.
      3700 Riverside Dr, Upper Arlington, OH 43221
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Lane Avenue

      Premier retail space in Upper Arlington, Ohio.
      1635-1717 W Lane Ave, Upper Arlington, OH 43221
      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.
    3040 Nwnw Blvd
    Upper Arlington, OH 43221-2262
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.