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Property profile & analytics
OFF-MARKET
Estimated value
$5,630,000
Motels
1576 Ln Ave Upper Arlington, OH 43221-3923
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-2557476
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2013
Total area
83,715 SF
Lot
1.24 ac (53,797 SF)
APN
070-004660
UPID
US66-2557476
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.63M
Owner & transaction history
Terra Hospitality Osu Illc · 8 yrs held
Terra Hospitality Osu Illc
since 2017
7 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 Upper Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upper Arlington 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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,160,000
6.5%
$6,605,000
7%
$6,135,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,050,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$8,985,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$5.63M
Range $5.07M – $6.19M · ±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
$67 / 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
$330,560
Tax year 2023
Assessed value
$4,102,570
Assessed 2023
Previous assessed
$4,550,010
-9.8% YoY
Effective rate
8.06%
On assessed value
Assessed land
$564,870
Assessed improvement
$3,537,700
Land market value
$1,613,900
Improvement market value
$10,107,700
Total market value
$11,721,600
Applied tax rate
70.0000
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
2013
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
5
Units
1
Rooms
5
Bathrooms
1
Total area
83,715 SF
Lot
1.24 ac (53,797 SF)
APN
070-004660
UPID
US66-2557476
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.1M
RETAIL STORES
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Heating
YES
Cooling
Yes
Stories
5
Buildings
1
Units
1
Rooms
5
Bathrooms
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Terra Hospitality Osu Illc
Individual
Mailing address
841 BISHOP ST STE #1700, HONOLULU, HI 96813-3915
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2018
—
Terra Hospitality-osu I LLC
—
Deed
related
$14,300 · Ground Lease Trust 2018d (ct)
Oct 24, 2017
—
Terra Hospitality Osu Illc
Lane Avenue Ents Ltd
Grant Deed
$29,877,750 · First Fin'l Bk&tr
Sep 29, 2014
—
Lane Avenue Ents Ltd
—
Grant Deed
related
$39,000,000 · General Elec Cap
Jul 20, 2012
—
Dsm Holdings LLC
Lane Avenue Redevelopment LLC
Quit Claim Deed
related
—
Jul 20, 2012
$657,400
Lane Avenue Ents Ltd
Lane Avenue Redevelopment LLC
Grant Deed
related
$7,958,416 · Heartland Bank
Jul 20, 2012
$5,248,000
Lane Avenue Redevelopment LLC
Lane Avenue Baptist Church
Grant Deed
related
—
—
—
Terra Hospitality-osu I LLC
—
Deed Of Trust
related
$14,300 · Ground Lease Trust 2018d (ct)
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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