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    Property profile & analytics

    703 Pike St Marietta, OH 45750-3502

    • Drive through restaurants
    • 1,828 SF
    • 13.98 lot acres
    OFF-MARKET
    Last Sale
    Nov 04, 2021
    $1,971,200
    Value Estimations
    $1,820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3322816
    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

    • Starbucks / Cafe & Coffee Shop

    Property Details for 703 Pike St

    Year built
    2019
    Lot size
    13.98 lot acres
    Property size
    1,828 SF
    Property type
    Drive through restaurants
    APN
    240087412000
    APU
    240087412000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,610,000
      ML approach
      $1,720,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Washington
    State
    Ohio
    Longitude
    -81.419
    Latitude
    39.4079
    CBSA code
    31930
    CBSA name
    MARIETTA, OH MICROPOLITAN 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
    2022
    $7,446
    $3,520
    $156,510
    $160,030
    -
    $10,070
    $447,180
    $457,250

    Comparable in this City

    • Value Estimation by Request
      1,558 SF

      286 Frnt St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,558 SF
      286 Frnt St, Marietta, OH 45750-2910
      View Details
    • Value Estimation by Request
      3,812 SF

      101 Crooked Run Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,812 SF
      101 Crooked Run Ln, Marietta, OH 45750-7964
      View Details
    • Value Estimation by Request
      1,922 SF

      29 Starlite Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,922 SF
      29 Starlite Dr, Marietta, OH 45750-8805
      View Details
    • Value Estimation by Request
      2,220 SF

      226 Gilman Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,220 SF
      226 Gilman Ave, Marietta, OH 45750-2837
      View Details
    • Value Estimation by Request
      2,724 SF

      342 Pike St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,724 SF
      342 Pike St, Marietta, OH 45750-3326
      View Details
    • Value Estimation by Request
      2,739 SF

      821 Pike St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,739 SF
      821 Pike St, Marietta, OH 45750-3502
      View Details

    Similar Nearby for Sale

    • $800,000
      2,463 SF

      Marietta Restaurant - Prime Location

      High-traffic, established restaurant, immediate income.
      111 Pike St, Marietta, OH 45750
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      7,982 SF

      Freestanding Restaurant Property For Sale

      Freestanding restaurant property with a long-term corporate guaranteed lease.
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      Former Car Lot For Sale

      Commercial property suitable for office or retail development.
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      Two Car Washes For Sale

      Two thriving car washes in Marietta, Ohio, for sale.
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    • $4,101,463
      5,000 SF

      Marietta, OH Car Wash Portfolio

      Profitable Ohio Car Wash Duo, High ROI
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    • $750,000
      0.58 Acres

      Historic Harmar Village Restaurant

      Established Restaurant & Real Estate
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    Similar Nearby for Lease

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      9,300 SF

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      8,200 SF

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      9,147 SF

      Updated Retail Space Available

      Recently updated commercial space with parking and street visibility.
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      1,600 SF

      Retail, Office & Medical Space

      Located off I-77 in Marietta's retail corridor, 1,600 SF available.
      40 Acme St, Marietta, OH 45750
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    • Contact for pricing
      2,500 SF

      Versatile Flex Space Available

      2,500 sq ft flex space with heated garage/shop.
      641 State Route 821, Marietta, OH 45750
      View Details
    • Contact for pricing
      3,240 SF

      Heated Flex Space with Garage

      3,240 Sq. Ft. heated space with drive-through garage.
      2023 State Route 821, Marietta, OH 45750
      View Details

    Property Visit Statistics

    • Visits by month
      38.5k
    • Visitors by month
      18.8k
    • Avg Time on site
      8 min
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    Marietta, OH 45750-3502
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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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