Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    721 Broad St Columbus, OH 43205-1001
    Back to Search
    Property profile & analytics

    721 Broad St, Columbus, OH 43205-1001

    View on Map
    • Drive through restaurants
    • 1,850 SF
    • 0.06 lot acres
    Off-Market
    Last Sale Sep 11, 2023
    $160,000
    Property ID
    US66-3210198
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 721 Broad St

    Year built
    1979
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property type
    Drive through restaurants
    APN
    010-016418
    APU
    10016418

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 11, 2023 — Shang Ji LLC Yao Shang Mao Intrafamily Transfer · related —
    Feb 13, 2013 $160,000 Mao Y Shang Broad Parsons LLC Warranty Deed —
    Aug 18, 2010 — Broad Parsons LLC Broad-parsons Investment Co Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9814
    Latitude
    39.9639
    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
    $3,723
    $24,820
    $26,150
    $50,970
    -
    $70,900
    $74,700
    $145,600

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      Main St, Columbus, OH 43205
      View Details
    • Value Estimation by Request
      1,920 SF

      1846-1848 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1846-1848 Main St, Columbus, OH 43205
      View Details
    • Value Estimation by Request
      0.21 Acres

      721 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD
      721 Broad St, Columbus, OH 43205-1001
      View Details
    • Value Estimation
      $520,000
      3,621 SF

      1054 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1054 Broad St, Columbus, OH 43205-1323
      View Details
    • Value Estimation by Request
      0.20 Acres

      1850 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1850 Main St, Columbus, OH 43205-2268
      View Details
    • Value Estimation by Request
      1,480 SF

      1516 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1516 Main St, Columbus, OH 43205
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,004 SF

      Olde Towne East Mixed-Use Property

      Eleven units in Olde Towne East, all in turn-key condition.
      1447 E Main St, Columbus, OH 43205
      View Details
    • Contact for pricing
      12,265 SF

      Mixed-Use Property on Main Street

      Retail space, apartments, office, and carriage house available.
      1229-1231 E Main St, Columbus, OH 43205
      View Details
    • Contact for pricing

      Retail Space in Columbus, Ohio

      Retail space available for sale in Columbus, Ohio.
      156 Ohio Ave, Columbus, OH 43205
      View Details
    • Contact for pricing
      10,004 SF

      Mixed-Use Building with Apartment Complex

      Two-story mixed-use building with a six-unit apartment complex.
      458 Miller Ave, Columbus, OH 43205
      View Details
    • Contact for pricing
      5,624 SF

      Versatile Retail Space in Columbus

      5,624 SF retail space in Old Town East.
      156 S Ohio Ave, Columbus, OH 43205
      View Details
    • Contact for pricing
      5,810 SF

      Mixed-Use Building in Olde Towne

      Commercial mixed-use building with parking in Olde Towne East.
      1010-1016 E Main St, Columbus, OH 43205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,716 SF

      Retail/Restaurant Space in Olde Towne

      Class A retail/restaurant space in a mixed-use development.
      1117 Oak St, Columbus, OH 43205
      View Details
    • $10 SF/Yr
      60,000 SF

      Bexley Business Park: Flex Space Available

      Columbus industrial space, 3,200-60,000 SF
      572 Nelson Rd, Columbus, OH 43205
      View Details
    • Contact for pricing

      Columbus Retail/Flex/Industrial Space Available

      5,624 SF retail/flex/industrial property in Columbus, OH for lease.
      156 S Ohio Ave, Columbus, OH 43205
      View Details
    • Contact for pricing
      1,969 SF

      Retail Space in Olde Towne

      Corner retail space in a vibrant, growing neighborhood.
      122-138 Parsons Ave, Columbus, OH 43205
      View Details
    • Contact for pricing

      Retail Spaces in Columbus Location

      Two divisible retail spaces available in high-traffic Columbus location.
      1117-1125 Oak St, Columbus, OH 43205
      View Details
    • Contact for pricing
      16,800 SF

      Columbus Office Space For Rent

      Office space available for lease in Columbus, Ohio.
      1505-1509 E Main St, Columbus, OH 43205
      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.
    721 Broad St
    Columbus, OH 43205-1001
    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

    Thank You for Inquiry
    721 Broad St, Columbus, OH, 43205
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!