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    Property profile & analytics

    Broad St Lancaster, OH 43130

    • Retail properties & Spaces
    • 19,146 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2521060
    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

    • Retail properties & Spaces

    Property Details for Broad St

    Year built
    1900
    Construction
    STEEL FRAME
    Lot size
    0.16 lot acres
    Property size
    19,146 SF
    Property type
    Retail properties & Spaces
    APN
    053-50406.00
    APU
    535040600

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,230,000
      6.5%
      $1,135,000
      7%
      $1,050,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $941,000
      Market price range: $524k - $2.55M
      AI Estimate
      $638,000
      Market price range: $639k - $2.13M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.6025
    Latitude
    39.7136
    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
    $419
    $14,740
    $137,500
    $152,240
    -
    $42,100
    $392,870
    $434,970

    Comparable in this City

    • Value Estimation by Request
      838 SF

      2900 Columbus-Lancaster Rd

      Retail properties & Spaces • 838 SF
      2900 Columbus-Lancaster Rd, Lancaster, OH 43130
      View Details
    • Value Estimation
      $2,285,000
      68,784 SF

      1355 Ety Pointe NW Dr

      DEPARTMENT STORE • 68,784 SF
      1355 Ety Pointe NW Dr, Lancaster, OH 43130-7748
      View Details
    • Value Estimation by Request
      6,139 SF

      1800 Memorial Dr

      Automotive properties • 6,139 SF
      1800 Memorial Dr, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      1622 Memorial Dr

      Individual retail properties
      1622 Memorial Dr, Lancaster, OH 43130
      View Details
    • Value Estimation
      $4,550,000
      68,784 SF

      1355 Ety Pointe NW Dr

      DEPARTMENT STORE • 68,784 SF
      1355 Ety Pointe NW Dr, Lancaster, OH 43130-7748
      View Details
    • Value Estimation by Request
      372,784 SF

      1500 Riv Vly S Cir

      DEPARTMENT STORE • 372,784 SF
      1500 Riv Vly S Cir, Lancaster, OH 43130-1400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,482 SF

      Lancaster Retail Property For Sale

      Retail property available for purchase in Lancaster, Ohio.
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    • Contact for pricing
      23,484 SF

      OfficeMax Retail Space in Lancaster

      Retail space available for sale in Lancaster, Ohio.
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    • New
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      High Profile Corner Retail Property

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      Renovated Commercial Building in Lancaster

      Fully renovated commercial building in high-traffic Lancaster location.
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    • $3,000,000
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      NNN Leased Walgreens For Sale

      NNN leased Walgreens in high-traffic retail corridor.
      859 E Main St, Lancaster, OH 43130
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    • $1,274,515
      10,640 SF

      Dollar General NNN Investment Opportunity

      NNN Dollar General in Columbus, OH MSA with zero responsibilities.
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    Similar Nearby for Lease

    • $10,000 /Mo
      22,275 SF

      Lancaster, OH Commercial Space

      Prime commercial space for lease in Lancaster, Ohio.
      511 S High St, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Retail Space in Lancaster Corridor

      Up to 4,190 SF available for lease in Lancaster, OH.
      1203 N Memorial Dr, Lancaster, OH 43130
      View Details
    • Contact for pricing
      2,990 SF

      Retail Space in Lancaster Corridor

      1,200 SF retail space in a prominent retail corridor.
      1185-1259 Memorial Dr, Lancaster, OH 43130
      View Details
    • $8,750 /Mo
      7,500 SF

      High-Traffic Corner Lot in Lancaster

      Multi-parcel commercial lot in high-visibility area, Lancaster, Ohio.
      1706 N Memorial Dr, Lancaster, OH 43130
      View Details
    • New
      $160,000
      Pending

      Renovated Commercial Building, Lancaster, OH

      Recently renovated commercial building in high-traffic area with ample parking.
      103 Cedar Hill Rd, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Lancaster Shopping Center Retail Space

      Retail spaces available in Lancaster Shopping Center.
      1710 E Main St, Lancaster, OH 43130
      View Details
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    Broad St
    Lancaster, OH 43130
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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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