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Property profile & analytics
OFF-MARKET
Motels
325 Columbia St Springfield, OH 45504-2656
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2231582
Property summary
AI-generated overview
This exceptional commercial property in Springfield, OH, presents a prime investment opportunity. The 26,656 square foot, two-story building currently operates as a 78-unit economy motel, featuring a mix of King and Double Queen suites, designed to cater to diverse guest needs. Situated on a 2-acre lot comprised of five parcels (3400035320002, 3400700035320003, 34007000353220004, 3400700035320005, 340070035320006
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1963
Construction
FRAME
Total area
29,656 SF
Lot
0.33 ac (14,331 SF)
APN
340-07-00035-320-001
UPID
US66-2231582
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Executive Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Springfield · 3 yrs held
City Of Springfield
since 2023
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$211,880
Assessed 2023
Previous assessed
$211,880
+0.0% YoY
Assessed land
$20,040
Assessed improvement
$191,840
Land market value
$57,260
Improvement market value
$548,110
Total market value
$605,370
Applied tax rate
340.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1963
Construction
FRAME
Heating
NONE
Buildings
2
Stories
2
Units
74
Total area
29,656 SF
Lot
0.33 ac (14,331 SF)
APN
340-07-00035-320-001
UPID
US66-2231582
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1963
Construction
FRAME
Heating
NONE
Stories
2
Buildings
2
Units
74
Lot
0.33 ac
Current owner
From public records · entity-resolved
City Of Springfield
Entity
Mailing address
76 E HIGH ST, SPRINGFIELD, OH 45502-1214
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
—
City Of Springfield
Punjasahib Investment Company
Warranty Deed
—
May 11, 1998
$654,100
Punjasahib Investment Co
Hart,john M
Trustees Deed
—
—
—
Punjasahib Investment Co INC
—
Deed Of Trust
related
$100,000 · Security National Bank
—
—
Punjasahib Investment Co
—
Deed Of Trust
related
$544,000 · Huntington National Bank
—
—
Punjasahib Investment Co INC
—
Deed Of Trust
related
$258,852 · Security National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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