Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    666 5th Ave Columbus, OH 43201-2965

    • Drive through restaurants
    • 2,637 SF
    • 0.84 lot acres
    OFF-MARKET
    Last Sale
    Aug 01, 2022
    $375,000
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1848016
    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

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 666 5th Ave

    Year built
    1981
    Lot size
    0.84 lot acres
    Property size
    2,637 SF
    Property type
    Drive through restaurants
    APN
    010-015162
    APU
    10015162

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $395,000
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $623,000
      Market price range: $289k - $967k
      AI Estimate
      $302,000
      Market price range: $194k - $410k

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9873
    Latitude
    39.9869
    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
    $11,168
    $94,260
    $58,630
    $152,890
    -
    $269,300
    $167,500
    $436,800

    Comparable in this City

    • Value Estimation
      $315,000
      1,663 SF

      1100 Cleveland Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,663 SF
      1100 Cleveland Ave, Columbus, OH 43201-2920
      View Details
    • Value Estimation
      $300,000
      9,967 SF

      New York Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 9,967 SF
      New York Ave, Columbus, OH 43201
      View Details
    • Value Estimation
      $355,000
      1,892 SF

      1084 Cleveland Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,892 SF
      1084 Cleveland Ave, Columbus, OH 43201-3753
      View Details
    • Value Estimation
      $390,000
      2,717 SF

      920 High St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,717 SF
      920 High St, Columbus, OH 43201-2407
      View Details
    • Value Estimation
      $285,000
      1,737 SF

      5th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,737 SF
      5th Ave, Columbus, OH 43201
      View Details
    • Value Estimation
      $330,000
      1,976 SF

      801 5th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,976 SF
      801 5th Ave, Columbus, OH 43201-2917
      View Details

    Similar Nearby for Sale

    • $400,000
      3,609 SF

      Retail Property in Columbus, OH

      Retail property with rehabilitation potential in a desirable location.
      1420-1424 S 5Th St, Columbus, OH 43201
      View Details
    • $699,000

      Three Buildings in Milo-Grogan

      Three buildings for sale in Milo-Grogan near Weinland Park.
      1225-1227 Cleveland Ave, Columbus, OH 43201
      View Details
    • Contact for pricing
      12,619 SF

      Former CVS Drugstore on Cleveland Avenue

      12,619 SF retail space on 0.90 AC available.
      4400 Cleveland Ave, Columbus, OH 43201
      View Details
    • $129,900

      Columbus Land: Milo Grogan Opportunity

      Build Your Dream Home: 3,049 sq ft lot
      570 Reynolds Ave, Columbus, OH 43201
      View Details
    • $600,000

      Prime Columbus Duplex

      Renovated 2-unit investment
      1350-1350 Dennison Ave, Columbus, OH 43201
      View Details
    • Contact for pricing
      6,142 SF

      Columbus Industrial Space for Sale

      6,142 SF industrial space with convenient highway access.
      800 Reynolds Ave, Columbus, OH 43201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      200 SF

      Columbus Commercial Kitchen Space

      Prime 200 sq ft Ghost Kitchen, Franklin County
      1282 Essex Ave, Columbus, OH 43201
      View Details
    • $28 SF/Yr
      2,889 SF

      Turn-Key Restaurant Retail Space

      Fully equipped restaurant and retail space in Italian Village.
      1022 Summit St, Columbus, OH 43201
      View Details
    • Contact for pricing
      4,878 SF

      Crossline Retail Space: Columbus, OH

      Prime Retail Space in Weiland Park
      300 5Th Ave, Columbus, OH 43201
      View Details
    • Contact for pricing
      4,544 SF

      Restaurant Space on 5th Avenue

      Second-generation restaurant space with FF&E and parking.
      119 E 5Th Ave, Columbus, OH 43201
      View Details
    • Contact for pricing
      1,574 SF

      Retail Space on Chittenden Avenue

      Retail space available for rent in Columbus, Ohio.
      266 Chittenden Ave, Columbus, OH 43201
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and strong tenant mix.
      3431 Cleveland Ave, Columbus, OH 43201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    666 5th Ave
    Columbus, OH 43201-2965
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.