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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office buildings
463 Town St Columbus, OH 43215-4706
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-0564148
Property summary
AI-generated overview
This Columbus, Ohio restaurant presents a compelling investment opportunity. The 4,936 square foot, two-story building, situated on a 0.136-acre lot at 463 W Town Street, boasts a strong 7.14% cap rate and a substantial net operating income (NOI) of $150,000. Built in 1958 and extensively renovated in 2017, the property is currently operating under an NNN lease with a single tenant, a successful and internationally growing restaurant and brewery. The lease, commencing December 31, 2017, has 11.1 years remaining until December 31, 2035, with potential extension options. The asking price is $2,500,000, translating to $425.44 per square foot. Located in the vibrant Franklinton neighborhood, this property benefits from its proximity to numerous new and upcoming developments, ensuring continued growth and high tenant occupancy. This sale-leaseback arrangement offers a secure, long-term income stream with a proven, high-performing tenant. The property's prime location and the tenant's success make this an exceptional investment opportunity in a rapidly developing area of Columbus.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
5,293 SF
Lot
0.28 ac (12,197 SF)
Zoning code
462
APN
010-015220
UPID
US66-0564148
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
-
Matrix Media Services Inc Marketing & Advertising Advertising Agency
-
BrewDog Franklinton Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$849k
Blend (final)
Blend
$655k
Owner & transaction history
Brewdog Franklinton LLC · 9 yrs held
Brewdog Franklinton LLC
since 2017
3 recorded transactions
Zoning & alternative use
462 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$840,000
+12.0%
Apartment house (5+ units)
$765,000
+2.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$750,000
Current use
AUTO REPAIR, GARAGE
$840,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$765,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$715,000
Change: -5% · Conversion: Easy
COMMERCIAL (GENERAL)
$625,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
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
$17,522
Tax year 2023
Assessed value
$223,980
Assessed 2023
Previous assessed
$173,300
+29.2% YoY
Effective rate
7.82%
On assessed value
Assessed land
$99,230
Assessed improvement
$124,750
Land market value
$283,500
Improvement market value
$356,400
Total market value
$639,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Units
1
Rooms
1
Bathrooms
2
Total area
5,293 SF
Lot
0.28 ac (12,197 SF)
Zoning code
462
APN
010-015220
UPID
US66-0564148
Jurisdiction
FRANKLIN
Zoning & alternative use
462 · Columbus, OHZoning 462 · permitted uses
462 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$840,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$765,000
MEDICAL BUILDING
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$625,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
1
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Brewdog Franklinton LLC
Entity
Mailing address
463 E TOWN ST, COLUMBUS, OH 43215-4706
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Mar 1, 2017
$475,000
Brewdog Franklinton LLC
Portez,brian G
Warranty Deed
—
Jun 20, 2000
$385,000
Charles Mccrimmon
Balstone,joseph G
Grant Deed
—
—
—
Charles Mccrimmon
—
Deed Of Trust
related
$457,500 · Huntington National Bank
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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