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    3616 Broad St Columbus, OH 43213-1154
    Property profile & analytics

    3616 Broad St, Columbus, OH 43213-1154

    View on Map
    • Outlet malls
    • 0.16 lot acres
    Off-Market
    Property ID
    US66-0463854
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Installation Services / General Contractor
    • Lowe's Garden Center / Garden Center
    • Lowe's ProServices / Building Supply / Industrial Manufacturer
    • lowes Garage Door Repair Opener Installation / Building Supply / General Contractor
    • Crozet Self Storage Unit / Storage Facility

    Property Details for 3616 Broad St

    Lot size
    0.16 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    010-182498
    APU
    10182498

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 16, 2023 $5,500 Driven Brands INC Lowes Home Centers LLC Deed —
    Aug 3, 2000 $325,000 Lowes Home Centers INC Marton Properties LLC Grant Deed —
    Oct 21, 1998 $224,600 Mark S Pratt Buckeye Ph INC Grant Deed $180k · Perpetual Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9045
    Latitude
    39.9733
    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
    $2,059
    $25,200
    $2,980
    $28,180
    -
    $72,000
    $8,500
    $80,500

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      3616 Broad St

      WHOLESALE OUTLET, DISCOUNT STORE
      3616 Broad St, Columbus, OH 43213-1154
      View Details
    • Value Estimation
      $8,850,000
      122,420 SF

      3955 Broad St

      WHOLESALE OUTLET, DISCOUNT STORE
      3955 Broad St, Columbus, OH 43213-1130
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    • Value Estimation by Request
      0.27 Acres

      4636 Main St

      WHOLESALE OUTLET, DISCOUNT STORE
      4636 Main St, Whitehall, OH 43213
      View Details
    • Value Estimation
      $720,000
      17,252 SF

      250 Hamilton Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      250 Hamilton Rd, Columbus, OH 43213-2024
      View Details
    • Value Estimation
      $10,665,000
      136,625 SF

      3616 Broad St

      WHOLESALE OUTLET, DISCOUNT STORE
      3616 Broad St, Columbus, OH 43213-1154
      View Details
    • Value Estimation
      $2,650,000
      70,057 SF

      Broad St

      WHOLESALE OUTLET, DISCOUNT STORE
      Broad St, Columbus, OH 43213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      85,084 SF

      Columbus Shopping Center For Sale

      85,084 square-foot shopping center in Columbus, Ohio.
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      4,380 SF

      Columbus Car Wash Investment Opportunity

      NNN leased car wash near Columbus Airport with corporate guaranty.
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      7,800 SF

      Freestanding Retail Asset in Columbus

      Long-term leased retail property with 29+ years remaining on lease.
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      Columbus Land For Sale

      Land available for sale in Columbus, Ohio.
      3535 E Main St, Columbus, OH 43213
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      Land Lease in Norton Crossing

      Land lease corporately guaranteed by First Commonwealth Bank.
      51 S Hamilton Rd, Whitehall, OH 43213
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      Pending

      Tool Rental Business For Sale

      Real estate with two buildings on a high-traffic corner.
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    Similar Nearby for Lease

    • Contact for pricing
      4,425 SF

      Retail Space in Busy Center

      Neighborhood shopping center with high visibility and convenient parking.
      880-946 S Hamilton Rd, Whitehall, OH 43213
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Prime Location

      Retail space for lease with high visibility and traffic.
      5091-5139 E Main St, Columbus, OH 43213
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    • Contact for pricing
      1,989 SF

      Retail Space Near Interstates

      Retail space in a high-traffic shopping center near interstates.
      4736-4744 East Main St, Columbus, OH 43213
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    • Contact for pricing
      4,434 SF

      Retail Space in Strip Center

      Retail space for lease with high visibility and traffic.
      5156-5160 E Main St, Columbus, OH 43213
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    • Contact for pricing

      Retail Opportunities on East Broad

      Retail spaces available within a large shopping center development.
      6791-6977 East Broad St, Columbus, OH 43213
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Kroger Anchored Center

      4,800 SF retail space with excellent visibility and accessibility.
      7000 E Broad St, Blacklick, OH 43213
      View Details
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    Columbus, OH 43213-1154
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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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