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    Property profile & analytics

    641 State St Westerville, OH 43081-3316

    • Drive through restaurants
    • 1,880 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    $1,415,000
    Last Sale
    Jan 08, 2024
    $1,360,000
    Location Intelligence
    Property ID
    US66-0998428
    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

    • Chipotle Mexican Grill / Caterer / Mexican Restaurant

    Property Details for 641 State St

    Year built
    2001
    Lot size
    0.86 lot acres
    Property size
    1,880 SF
    Property type
    Drive through restaurants
    APN
    080-001093
    APU
    80001093

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,400,000
      6.5%
      $1,480,000
      7%
      $1,460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,580,000
      Geo Method
      $1,505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,450,000
      Retail
      $1,705,000
      Mixed-Use
      $1,675,000
      Hospitality
      $1,385,000
      Educational
      $1,630,000
      Residential Income
      $1,425,000
      Energy
      $1,235,000
      Income-Based Land
      $1,495,000
      Food Service
      $1,630,000

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9258
    Latitude
    40.109
    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
    $26,663
    $149,770
    $174,800
    $324,570
    -
    $427,900
    $499,400
    $927,300

    Comparable in this City

    • Value Estimation
      $625,000
      3,000 SF

      772 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,000 SF
      772 State St, Westerville, OH 43081-3300
      View Details
    • Value Estimation
      $1,325,000
      3,171 SF

      651 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,171 SF
      651 State St, Westerville, OH 43081-3316
      View Details
    • Value Estimation by Request
      2,562 SF

      363 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,562 SF
      363 State St, Westerville, OH 43081-2253
      View Details
    • Value Estimation by Request
      0.04 Acres

      Hillsdowne Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.04 Acres
      Hillsdowne Rd, Westerville, OH 43081
      View Details
    • Value Estimation
      $330,000
      3,890 SF

      383 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,890 SF
      383 State St, Westerville, OH 43081
      View Details
    • Value Estimation
      $440,000
      2,224 SF

      Hamilton Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,224 SF
      Hamilton Rd, Westerville, OH 43081
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.50 Acres

      Westerville Land: 7.5 Acres

      Prime Westerville development land near Otterbein University.
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      Westerville Commercial Land Opportunity

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      162,490 SF

      Westerville Multi-Building Office Campus

      Multi-building office campus in Westerville, Ohio, totaling 162,490 square feet.
      340-350 N Cleveland Ave, Westerville, OH 43081
      View Details
    • $350,000
      3,243 SF

      Remodeled Office Condo with Green Space

      Newly remodeled office condo with green space and ample parking.
      190 S State St, Westerville, OH 43081
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    • New
      $225,000
      0.23 Acres

      Residential Lot in Westerville, OH

      Residential lot in desirable Westerville location near Uptown.
      334 Myrtle Dr, Westerville, OH 43081
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    • New
      $265,000
      0.52 Acres

      Residential Lot in Westerville, OH

      Residential lot in desirable Westerville location near Uptown and Otterbein.
      328 Myrtle Dr, Westerville, OH 43081
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Retail Space in Sunbury Plaza

      Retail space for lease in Westerville's Sunbury Plaza.
      5939 Sunbury Rd, Westerville, OH 43081
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in High-Traffic Corridor

      Retail spaces available in Westerville's high-traffic retail corridor.
      5858-5992 Westerville Rd, Westerville, OH 43081
      View Details
    • Contact for pricing
      216,957 SF

      West Park Plaza Retail Center

      Westerville Shopping Center: Spaces Available
      111 Huber Village Blvd, Westerville, OH 43081
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Westerville, OH

      Retail spaces available near Cleveland Ave and I-270.
      556-640 W Schrock Rd, Westerville, OH 43081
      View Details
    • Contact for pricing
      33,000 SF

      Westerville Retail Space Available

      Prime Retail, High-Traffic Location
      5330 Warner Rd, Westerville, OH 43081
      View Details
    • Contact for pricing
      30,000 SF

      West Park Plaza Redevelopment Opportunity

      Mixed-use redevelopment opportunity in dynamic retail area near major thoroughfares.
      95-131 Huber Village Blvd, Westerville, OH 43081
      View Details

    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      3.3k
    • Avg Time on site
      19 min
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    641 State St
    Westerville, OH 43081-3316
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    Realmo Value Estimation

    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.

    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.

    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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