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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Bars & Pubs
583 Broad St Columbus, OH 43215-3953
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1568572
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1900
Construction
WOOD
Total area
20,481 SF
Lot
0.54 ac (23,348 SF)
APN
010-066871
UPID
US66-1568572
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
-
ATM Atm
-
The Bluestone Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Freddie J Workman · 6 yrs held
Freddie J Workman
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
$32 / 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
$36,801
Tax year 2023
Assessed value
$484,480
Assessed 2023
Previous assessed
$462,000
+4.9% YoY
Effective rate
7.60%
On assessed value
Assessed land
$292,570
Assessed improvement
$191,910
Land market value
$835,900
Improvement market value
$548,300
Total market value
$1,384,200
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
1
Stories
2
Total area
20,481 SF
Lot
0.54 ac (23,348 SF)
APN
010-066871
UPID
US66-1568572
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Freddie J Workman
Individual
Free & Clear · 6 yrs held
Mailing address
901 CORPORATE CTR DR, POMONA, CA 91768-2642
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2019
—
Freddie J Workman
Freddie J Workman
Quitclaim Deed
related
—
Jul 30, 2018
—
583 East Broad Street Ltd
—
Deed
related
$2,340,000 · Peoples Bk
Apr 27, 2006
—
583 East Broad Street Ltd
—
Trustees Deed
related
$310,000 · Peoples Bk&tr Co/pointe Coup
Nov 16, 2005
—
583 East Broad Street
—
Trustees Deed
related
$2,340,000 · Peoples Bk&tr Co/pointe Coup
Oct 13, 2005
—
583 East Broad Street Ltd
—
Trustees Deed
related
$75,000 · Peoples Bk&tr Co/pointe Coup
Aug 19, 2005
$975,000
583 E Broad St Partners LLC
First Regular Baptist Ch Of Colum
Warranty Deed
—
—
—
583 East Broad Street Ltd
—
Loan Modification
related
$2,340,000 · Peoples Bk
—
—
583 East Broad Street Ltd
—
Loan Modification
related
$310,000 · Peoples Bk
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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