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

    3616 Broad St, Columbus, OH 43213-1154

    View on Map
    • Outlet malls
    • 136,625 SF
    • 9.30 lot acres
    Off-Market
    Last Sale Nov 16, 2023
    $5,500
    Property ID
    US66-2796987
    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
    $10,665,000
    Show details
    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

    Year built
    2000
    Lot size
    9.30 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    010-092187
    APU
    10092187

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 16, 2023 $5,500 Driven Brands INC Lowes Home Centers LLC Limited Warranty Deed —
    Sep 21, 2000 — Lowes Home Centers INC Columbus City (oh) Quit Claim Deed · related —
    Aug 3, 2000 $3,250,000 Lowes Home Centers INC Kadish,lawrence Grant Deed —
    Jul 14, 2000 $43,600 Kadish,lawrence Berliner,jerome M Trustees Deed —
    Jul 14, 2000 $88,000 Kadish,lawrence Sulzburgh,arthur L Trustees Deed —
    Jul 14, 2000 $176,000 Kadish,lawrence George R Wolfson Estate Trustees Deed —
    Jul 14, 2000 $263,700 Lawrence Kadish Anthony J Sciametta Estate Grant Deed —
    Jul 14, 2000 $44,000 Lawrence Kadish Parsler,joseph J Grant Deed —
    Jul 14, 2000 $131,900 Lawrence Kadish Bastidas,jefferson Grant Deed —
    Jul 14, 2000 $174,200 Lawrence Kadish Golia,dominick Grant Deed —
    Jul 14, 2000 $87,900 Kadish,lawrence Weiner,samuel H Trustees Deed —
    Jul 14, 2000 $266,800 First Fiscal Fund Co Fuchs,james E Grant Deed · related —
    Jul 14, 2000 $67,400 First Fiscal Fund Co Edwards,donald W Trustees Deed · related —
    Jul 14, 2000 $131,300 First Fiscal Fund Co Bogardus,allan B Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,294,000
      Market price range: $8.70M - $20.4M
      AI Estimate
      $6,634,000
      Market price range: $5.48M - $13.8M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $14,545,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $14,765,000
      Change: +2% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $13,265,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.905
    Latitude
    39.9743
    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
    $252,593
    $1,063,160
    $2,394,740
    $3,457,900
    -
    $3,037,600
    $6,842,100
    $9,879,700

    Comparable in this City

    • Value Estimation
      $2,640,000
      30,240 SF

      4590 Broad St

      WHOLESALE OUTLET, DISCOUNT STORE
      4590 Broad St, Columbus, OH 43213-1301
      View Details
    • Value Estimation
      $2,650,000
      70,057 SF

      Broad St

      WHOLESALE OUTLET, DISCOUNT STORE
      Broad St, Columbus, OH 43213
      View Details
    • Value Estimation by Request
      2,823 SF

      3616 Broad St

      WHOLESALE OUTLET, DISCOUNT STORE
      3616 Broad St, Columbus, OH 43213-1154
      View Details
    • Value Estimation
      $990,000
      22,680 SF

      5160 Main St

      WHOLESALE OUTLET, DISCOUNT STORE
      5160 Main St, Columbus, OH 43213-2424
      View Details
    • Value Estimation by Request
      0.52 Acres

      Main St

      WHOLESALE OUTLET, DISCOUNT STORE
      Main St, Whitehall, OH 43213
      View Details
    • Value Estimation by Request
      0.91 Acres

      Rear Main St St

      WHOLESALE OUTLET, DISCOUNT STORE
      Rear Main St St, Columbus, OH 43213
      View Details

    Similar Nearby for Sale

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      85,084 SF

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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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      Land Lease in Norton Crossing

      Land lease corporately guaranteed by First Commonwealth Bank.
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      Pending

      Tool Rental Business For Sale

      Real estate with two buildings on a high-traffic corner.
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      2,613 SF

      Free-Standing Retail Building For Sale

      Vacant retail building in Columbus MSA, formerly Wendy’s.
      4595 E Main St, Columbus, OH 43213
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      Freestanding Building on Corner Lot

      4,500 SF retail/office space in Whitehall Main Street District.
      4214 E Main St, Whitehall, OH 43213
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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
      View Details
    • 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
      View Details
    • 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
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Rent

      Well-located shopping center with high visibility and convenient parking.
      880 S Hamilton Rd, Whitehall, OH 43213
      View Details
    • Contact for pricing
      109,067 SF

      East Pointe Crossing Retail Space

      Columbus Shopping Center - 1,400 SF Available
      6916-7000 Broad St, Columbus, 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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