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Property profile & analytics
OFF-MARKET
Estimated value
$5,470,000
Hotels
2006 Polaris Pkwy Columbus, OH 43240-2007
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-5196917
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2020
Total area
72,122 SF
Lot
3.72 ac (162,130 SF)
APN
318-443-02-002-004
UPID
US66-5196917
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
-
Hyatt Place Columbus Polaris Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.69M
Comparable Approach
Comparable
$3.62M
Blend (final)
Blend
$5.47M
Owner & transaction history
Outhack Steakhouse Of Florida LLC · 5 yrs held
Outhack Steakhouse Of Florida LLC
since 2021
6 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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,165,000
6.5%
$5,690,000
7%
$5,285,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,345,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,795,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$7,740,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$5.47M
Range $4.92M – $6.02M · ±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
$76 / 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
$312,467
Tax year 2023
Assessed value
$4,603,840
Assessed 2023
Previous assessed
$2,559,660
+79.9% YoY
Effective rate
6.79%
On assessed value
Assessed land
$354,730
Assessed improvement
$4,249,110
Land market value
$1,013,500
Improvement market value
$12,140,300
Total market value
$13,153,800
Applied tax rate
45.0000
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
2020
Heating
YES
Cooling
YES
Stories
4
Total area
72,122 SF
Lot
3.72 ac (162,130 SF)
APN
318-443-02-002-004
UPID
US66-5196917
Jurisdiction
DELAWARE
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
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.8M
RETAIL STORES
Est. value
$7.7M
HOTEL/MOTEL Current
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
2020
Heating
YES
Cooling
Yes
Stories
4
Lot
3.72 ac
Current owner
From public records · entity-resolved
Outhack Steakhouse Of Florida LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2006 POLARIS PKWY, COLUMBUS, OH 43240-2007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
—
Sakshi Gopal LLC
—
Deed
related
$13,500,000 · Ohio State Bank
Jun 30, 2021
—
Outhack Steakhouse Of Florida LLC
Sakshi Gopal LLC
Lease
—
Dec 10, 2019
—
Sakshi Gopal LLC
Nitin K Patel
Correction Deed
related
—
Nov 25, 2019
—
Patel,nitin K Tr
Sakshi Gopal LLC
Quit Claim Deed
related
—
Nov 27, 2018
—
Sakshi Gopal LLC
—
Trustees Deed
related
$13,174,688 · Lcnb Nat'l Bk
Jul 25, 2018
—
Sakshi Gopal LLC
Badrivishal LLC
Warranty Deed
—
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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