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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6940 Broad St Columbus, OH 43213-1517

    • Drive through restaurants
    • 3,490 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6119299
    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

    • Drive through restaurants

    Property Details for 6940 Broad St

    Year built
    1993
    Construction
    WOOD
    Lot size
    0.86 lot acres
    Property size
    3,490 SF
    Property type
    Drive through restaurants
    APN
    010-223970
    APU
    10223970

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $643,000
      Market price range: $347k - $644k

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8173
    Latitude
    39.9829
    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
    $36,610
    $235,480
    $265,690
    $501,170
    -
    $672,800
    $759,100
    $1,431,900

    Comparable in this City

    • Value Estimation
      $365,000
      2,880 SF

      400 Hamilton Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,880 SF
      400 Hamilton Rd, Whitehall, OH 43213-2036
      View Details
    • Value Estimation
      $485,000
      4,885 SF

      6240 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,885 SF
      6240 Broad St, Columbus, OH 43213-1530
      View Details
    • Value Estimation
      $340,000
      1,793 SF

      20 Chris Perry Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,793 SF
      20 Chris Perry Ln, Columbus, OH 43213
      View Details
    • Value Estimation
      $250,000
      0.23 Acres

      4449 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.23 Acres
      4449 Main St, Columbus, OH 43213-3061
      View Details
    • Value Estimation
      $475,000
      3,122 SF

      4484 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,122 SF
      4484 Main St, Columbus, OH 43213-3039
      View Details
    • Value Estimation
      $380,000
      2,594 SF

      4479 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,594 SF
      4479 Main St, Columbus, OH 43213-3038
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,516 SF

      Freestanding Restaurant in Reynoldsburg, OH

      Former restaurant on 1.2 acres with ample parking.
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      4,500 SF

      Freestanding Retail/Office Building

      4,500 SF building in Whitehall Main Street District.
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    • $810,000

      Service Station and Warehouse Buildings

      Two buildings on a high-traffic corner lot.
      3143 E Main St, Columbus, OH 43213
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    • $350,000
      600 SF

      Corner Retail Space Available

      Retail property with ample parking and easy access.
      745 S Hamilton Rd, Columbus, OH 43213
      View Details
    • $9,705,000
      85,084 SF

      Columbus Shopping Center For Sale

      85,084 square-foot shopping center in Columbus, Ohio.
      2361-2595 S Hamilton Rd, Columbus, OH 43213
      View Details
    • $1,639,000
      3,730 SF

      Commercial Garage on Main Street

      Commercial garage with office space on a 2.77-acre parcel.
      3535-3557 E Main St, Columbus, OH 43213
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,542 SF

      Prime Whitehall Retail Opportunity

      Former Wendy's, 2,542 SF, High Visibility
      4595 Main St, Columbus, OH 43213
      View Details
    • Contact for pricing
      1,760 SF

      Retail Space in Town & Country

      Retail space available in a busy Columbus shopping center.
      3843-3845 E Broad St, Columbus, OH 43213
      View Details
    • Contact for pricing
      10,713 SF

      Retail Space in Town & Country

      Retail space available in a busy open-air shopping center.
      3965 E Broad St, Columbus, OH 43213
      View Details
    • Contact for pricing
      1 SF

      Whitehall Retail Development Site

      1.35-acre pad site; build-to-suit available.
      3769 Broad St, Whitehall, 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
      3,000 SF

      Retail Space in Growing Area

      Retail space in a rapidly developing Columbus location.
      5780 Hamilton Rd, Columbus, OH 43213
      View Details
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    6940 Broad St
    Columbus, OH 43213-1517
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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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