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Property profile & analytics
OFF-MARKET
Estimated value
$12,400,000
Hotels
1668 Buckeye Pl, Grove City, OH 43123-1519
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-4424392
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2013
Total area
66,936 SF
Lot
2.35 ac (102,192 SF)
APN
040-014457
UPID
US66-4424392
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
-
Courtyard Columbus Grove City Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.40M
Owner & transaction history
Grove City Hotel Group LLC · 2 yrs held
Grove City Hotel Group LLC
since 2024
Last sale
$12.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.5M
+146.4%
Auto repair, garage
$11.0M
+39.7%
Neighborhood: shopping center
$11.0M
+39.0%
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 Grove City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grove City 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
$12,400,000
ML approach
$12,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,900,000
Current use
RESTAURANT
$19,455,000
Change: +146% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,035,000
Change: +40% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,980,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$10,070,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$10,015,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,705,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$8,365,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$12.40M
Range $11.16M – $13.64M · ±10% · vs last sale $12.40M (Jun 20 2024)
Last sale anchor
$12.40M
Jun 20 2024
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
$185 / 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
$190,603
Tax year 2023
Assessed value
$2,537,550
Assessed 2023
Previous assessed
$2,445,630
+3.8% YoY
Effective rate
7.51%
On assessed value
Assessed land
$315,010
Assessed improvement
$2,222,540
Land market value
$900,000
Improvement market value
$6,350,100
Total market value
$7,250,100
Applied tax rate
40.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2013
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
66,936 SF
Lot
2.35 ac (102,192 SF)
APN
040-014457
UPID
US66-4424392
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
HOTEL/MOTEL Current
Est. value
$7.9M
RESTAURANT
Est. value
$19.5M
AUTO REPAIR, GARAGE
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$10.1M
OFFICE BUILDING
Est. value
$10.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.7M
RETAIL STORES
Est. value
$8.4M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
4
Buildings
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Grove City Hotel Group LLC
Entity
Mailing address
3564 HINTOCKS CIR, CARMEL, IN 46032-9184
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
$7,740,100
Grove City Hotel Group LLC
Ascent Hospitality LLC
Deed
$9,300,000 · City National Bank Of West Virginia
Jan 13, 2021
—
Ascent Hospitality LLC
—
Deed
related
$750,218 · Bankers Tr
May 5, 2020
—
Ascent Hospitality LLC
—
Deed
related
$400,000 · Bankers Tr
Mar 17, 2020
—
Ascent Hospitality LLC
—
Deed
related
$400,000 · Bankers Tr
Nov 21, 2019
—
Ascent Hospitality LLC
Ascent Hospitality LLC
Quit Claim Deed
related
$8,800,000 · Bankers Tr
Jun 19, 2014
—
Ascent Hospitality LLC
—
Trustees Deed
related
$100 · Bankers Tr
Mar 7, 2014
$1,850,000
Schulz Grove City LLC
Stringtown Road Grove City LLC
Grant Deed
$1,387,500 · Virginia Heritage Bk
—
—
Ascent Hospitality LLC
—
Loan Modification
related
$400,000 · Bankers Tr
—
—
Ascent Hospitality LLC
—
Loan Modification
related
$400,000 · Bankers Tr
—
—
Ascent Hospitality LLC
—
Deed Of Trust
related
$750,218 · Bankers Tr
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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