Property profile

1899 Winderly Ln Pickerington, OH 43147

OFF-MARKET
Hotels
Property ID
US66-1987482
49,600 SF 2.95 ac lot Built 2000
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 68-key Country Inn & Suites hotel in Pickerington, Ohio, presents a lucrative investment opportunity. Boasting 49,600 square feet across three stories, this single-building property underwent a complete renovation in 2017. The hotel features newly renovated rooms equipped with mini-fridges and flexible workspaces, catering to both business and leisure travelers. Two 1,800 square foot meeting rooms provide ample space for events. Its prime location offers easy access to major employers like Google and Intel, vibrant retail at Windmiller Square, and the Ohio Stadium. Proximity to John Glenn Columbus International and Rickenbacker International Airports (under 15 miles), which saw a combined 8.7 million passengers in 2023, ensures a steady stream of guests. Pickerington itself is a thriving community, just 17 miles southeast of Columbus, offering a blend of suburban tranquility and convenient access to the city's amenities and major universities, including Ohio State University. The city's commitment to economic development and its extensive park system further enhance the property's appeal. The asking price for this well-maintained, high-performing hotel is $5,500,000. This represents a compelling investment in a rapidly growing market with strong potential for future returns. The property's strong performance and strategic location make it an ideal acquisition for experienced hospitality investors seeking a profitable addition to their portfolio.

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2000
Total area 49,600 SF
Lot 2.95 ac (128,502 SF)
APN 041-04675.15
UPID US66-1987482

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel

Location

1899 Winderly Ln Pickerington, OH 43147-8637
Pickerington metro Census 32704 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$835k

Owner & transaction history

since 2018
1 recorded transaction
2018
$4.3M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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