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941 W Broad St, Columbus, OH 43222
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Property summary
AI-generated overview
This exceptional mixed-use property, located at 941 West Broad Street in Columbus, Ohio, presents a compelling investment opportunity. The 4,400 square foot building, constructed in 1900, boasts two stories and a desirable 10-foot first-floor ceiling. Situated on a 0.13-acre lot, the property benefits from a recently installed new roof and convenient rear parking. Currently 100% occupied, this freestanding building enjoys a prime location along busy West Broad Street, approximately 1.5 miles from Downtown Columbus, experiencing approximately 21,000 vehicles passing daily. Its location within a designated Opportunity Zone and the Franklinton Redevelopment Area offers significant potential for future growth. The property is zoned Commercial, LC4, and its versatile layout makes it ideal for a variety of uses, including office space, an event venue, creative studios, a bar, or even residential conversion (subject to permitting). The asking price is $497,000, translating to $112.95 per square foot. The property's features, location, and zoning regulations make it an attractive investment prospect with strong potential for future returns. The parcel number is 010-000778-00. The property is also situated along a proposed Bus Rapid Transit (BRT) corridor.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
WOOD
Total area
4,408 SF
Lot
0.13 ac (5,489 SF)
Zoning code
20
APN
010-000778
UPID
US66-0124429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$230k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$250k
Owner & transaction history
since 2026
Last sale
$265,000
7 recorded transactions
Zoning & alternative use
20 · Columbus, OH
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$250k
Value range
$225k – $275k
±10% around blend
Estimated value / SF
$57 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
$225k
blend $250k
$275k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,408 SF
Lot area
0.13 ac
Year built
1900
Stories
2
APN
010-000778
Zoning
20
Assessed value
$104,200
Annual tax
$7,612
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$586k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
23.6 mi away · 3,187 SF
23.6 mi away · 3,380 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$250k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 351 sales
$97
-42%
County 445 sales
$100
-43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $57/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$265k
Move the market yield to see immediate price impact.
Value / SF
$60
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$17k
$334k
$238k
$186k
$19k
$371k
$265k
$206k
$20k
$408k
$292k
$227k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$750k
0.1 mi · Dec 2025 · $135/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,612
Tax year 2023
Assessed value
$104,200
Assessed 2023
Previous assessed
$104,200
+0.0% YoY
Effective rate
7.31%
On assessed value
Assessed land
$15,090
Assessed improvement
$89,110
Land market value
$43,100
Improvement market value
$254,600
Total market value
$297,700
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1900
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
1
Stories
2
Total area
4,408 SF
Lot
0.13 ac (5,489 SF)
Zoning code
20
APN
010-000778
UPID
US66-0124429
Jurisdiction
FRANKLIN
Zoning & alternative use
20 · Columbus, OHZoning 20 · permitted uses
20 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.13 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
20
Jurisdiction
Columbus, OH
Recorded code
20
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 20 in Columbus, OH.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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