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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Motels
1213 Dublin Granville Rd Columbus, OH 43229-3301
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2780192
Property summary
AI-generated overview
Investor opportunity: A lender-approved short sale presents a 135-unit, two-story hotel in Columbus, Ohio. Built in 1969 and renovated in 1992, this interior corridor property boasts a 2023 room revenue of $1,629,487. Strategically located near the intersection of Interstate 71 and Highway 161, just 11 miles from the Columbus International Airport, this property offers significant potential. Priced at $30,000 per key, it presents multiple conversion opportunities, including the possibility of rebranding, converting to multi-family housing, or exploring alternative uses. The property is unencumbered by a franchise agreement, providing flexibility for the new owner. This is an exceptional chance to acquire a substantial hospitality asset in a thriving market. The property is located at 1213 E Dublin Granville Rd, Columbus, OH 43229, within Franklin County.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1969
Construction
WOOD
Total area
21,404 SF
Lot
4.28 ac (186,219 SF)
Zoning code
1213
APN
010-121652
UPID
US66-2780192
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
-
Norwood Inn & Suites Columbus Hotel & Motel
-
Comfort Inn North Conference Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.24M
Owner & transaction history
Rafah Hospitality LLC · 1 yrs held
Rafah Hospitality LLC
since 2025
7 recorded transactions
Zoning & alternative use
1213 · Columbus, OH
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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
Method
Estimation
Statistic approach
by Request
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
$1,730,000
6.5%
$1,595,000
7%
$1,480,000
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
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
Tax billed
$146,266
Tax year 2023
Assessed value
$2,002,320
Assessed 2023
Previous assessed
$2,002,320
+0.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$658,350
Assessed improvement
$1,343,970
Land market value
$1,881,000
Improvement market value
$3,839,900
Total market value
$5,720,900
Applied tax rate
10.0000
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
1969
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
21,404 SF
Lot
4.28 ac (186,219 SF)
Zoning code
1213
APN
010-121652
UPID
US66-2780192
Jurisdiction
FRANKLIN
Zoning & alternative use
1213 · Columbus, OH
Zoning 1213 · permitted uses
1213 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbus. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
4.28 ac
Current owner
From public records · entity-resolved
Rafah Hospitality LLC
Entity
Mailing address
2401 PRIOR AVE N, ROSEVILLE, MN 55113-2714
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
$3,750,000
Rafah Hospitality LLC
Shin Hospitality INC
Special Warranty Deed
—
Apr 3, 2023
—
Shin Hospitality INC
Maplewood Lodging LLC
Warranty Deed
$200,000 · State Bank Of Texas
Mar 6, 2018
—
Maplewood Lodging LLC
—
Deed
related
$2,687,500 · Byline Bank
Dec 5, 2017
$5,350,000
Maplewood Lodging LLC
Buckey Hospitality INC
Deed
$169,000 · Bukeye Hospitality INC
Jan 26, 2007
$3,490,000
Buckeye Hospitality INC
Janaki INC
Warranty Deed
$2,831,250 · City National Bank Of West Virginia
Dec 28, 2001
—
Janaki INC
Djks INC
Grant Deed
related
—
—
—
Janaki INC
—
Deed Of Trust
related
$1,500,000 · Peoples Bank & Trust
—
—
Janaki INC
—
Deed Of Trust
related
$2,000,000 · Peoples Bank & Trust
—
—
Maplewood Lodging LLC
—
Deed Of Trust
related
$1,650,000 · Academy Nat'l Bk NA
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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