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    8146 Broad St Reynoldsburg, OH 43068-8037
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    Property profile & analytics

    8146 Broad St, Reynoldsburg, OH 43068-8037

    View on Map
    • Retail space
    • 4,000 SF
    • 0.72 lot acres
    Off-Market
    Last Sale Jun 1, 2022
    $1,700,000
    Property ID
    US66-4293838
    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
    $1,620,000
    Show details
    Cap Rate Potential
    3.5%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Mattress Firm East Broad Street / Furniture & Home Goods

    Property Details for 8146 Broad St

    Year built
    2013
    Lot size
    0.72 lot acres
    Property type
    Retail space
    APN
    515-291868
    APU
    515291868

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 1, 2022 $1,700,000 Swe Blacklick LLC Thomas D Luby Warranty Deed $935k · Carrollton Bank
    May 13, 2019 — Thomas D Luby — Deed · related $825k · First Merchants Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,535,000
      ML approach
      $1,545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,028,000
      Market price range: $309k - $1.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    Reynoldsburg
    County
    Franklin
    State
    Ohio
    Longitude
    -82.7836
    Latitude
    39.9867
    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
    $36,900
    $25,730
    $549,710
    $575,440
    -
    $73,500
    $1,570,600
    $1,644,100

    Comparable in this City

    • Value Estimation by Request
      4,440 SF

      1814-1816 Brice Rd

      RETAIL STORES (PERSONAL SERVICES)
      1814-1816 Brice Rd, Reynoldsburg, OH 43068
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    • Value Estimation by Request
      1,296 SF

      1840 Brice Rd

      RETAIL STORES (PERSONAL SERVICES)
      1840 Brice Rd, Reynoldsburg, OH 43068-2708
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    • Value Estimation by Request
      7,396 SF

      2312 Taylor Park Dr

      RETAIL STORES (PERSONAL SERVICES)
      2312 Taylor Park Dr, Reynoldsburg, OH 43068-8052
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    • Value Estimation
      $695,000
      2,828 SF

      14277 National SW Rd

      RETAIL STORES (PERSONAL SERVICES)
      14277 National SW Rd, Etna, OH 43068-3364
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    • Value Estimation by Request
      5,168 SF

      7354 French Dr

      RETAIL STORES (PERSONAL SERVICES)
      7354 French Dr, Reynoldsburg, OH 43068-2119
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    • Value Estimation by Request
      4,080 SF

      8550 Main St

      RETAIL STORES (PERSONAL SERVICES)
      8550 Main St, Etna, OH 43068-3335
      View Details

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      Main Street Retail/Warehouse Opportunity

      Meticulously maintained building in downtown Reynoldsburg with retail and warehouse.
      6800 East Main St, Reynoldsburg, OH 43068
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      17,730 SF

      Retail Space on E. Broad

      Retail space with high traffic counts on E. Broad.
      7940-7970 E Broad St, Blacklick, OH 43068
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      New Mixed-Use Development For Sale

      Two-story mixed-use building in Olde Reynoldsburg Commercial District.
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      Main Street Retail/Warehouse Opportunity

      Retail space with warehouse in downtown Reynoldsburg redevelopment area.
      6800 E Main St, Reynoldsburg, OH 43068
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      10,720 SF

      Free Standing Retail Building

      10,720 SF retail building on 1.64 acres.
      6445 East Main St, Reynoldsburg, OH 43068
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      Main Street Retail/Warehouse Opportunity

      Spacious building in downtown Reynoldsburg with retail and warehouse space.
      6800 E Main St, Reynoldsburg, OH 43068
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    Similar Nearby for Lease

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      Retail Space in Taylor Square

      Retail space available within a large mixed-use development.
      2928 Taylor Road Ext, Reynoldsburg, OH 43068
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      1,098 SF

      Retail Space in Power Center

      Retail space available in a power center with strong traffic.
      7995-8173 E Broad St, Reynoldsburg, OH 43068
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      7,200 SF

      Retail Space in Reynoldsburg, Ohio

      Retail spaces available in a busy Reynoldsburg shopping center.
      2656-2736 Brice Rd, Reynoldsburg, OH 43068
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    • Contact for pricing

      Blacklick Plaza Retail and Office

      Retail and office spaces in Reynoldsburg's Blacklick Plaza.
      6511-6577 E Livingston Ave, Reynoldsburg, OH 43068
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    • New
      Contact for pricing
      1,200 SF

      Former Kroger Box Retail Space

      Large former grocery box with access at signalized entrances and right/left turn curb cuts for flexible retail use.
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    • Contact for pricing

      Retail Space in Reynoldsburg, OH

      Retail spaces available in Reynoldsburg, close to municipal offices.
      6962-7106 E Main St, Reynoldsburg, OH 43068
      View Details

    Property Visit Statistics

    • Visits by month
      1.1k
    • Visitors by month
      941
    • Avg Time on site
      39 min
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    8146 Broad St
    Reynoldsburg, OH 43068-8037
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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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