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Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Motels
2055 Brice Rd Reynoldsburg, OH 43068-3447
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2059368
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Construction
WOOD
Total area
18,012 SF
Lot
1.97 ac (85,726 SF)
Zoning code
2055
APN
010-199995
UPID
US66-2059368
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
-
Quality Inn Columbus-East Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$2.96M
Owner & transaction history
Columbia Motels INC · 3 yrs held
Columbia Motels INC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
2055 · Reynoldsburg, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code 2026
Top alternative use upside
Auto repair, garage
$3.0M
+39.7%
Neighborhood: shopping center
$3.0M
+39.0%
Medical building
$2.7M
+27.5%
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 Reynoldsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reynoldsburg 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
$2,955,000
ML approach
$2,930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,125,000
Current use
AUTO REPAIR, GARAGE
$2,970,000
Change: +40% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,955,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$2,710,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,610,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$2,410,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$1,925,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±10% · vs last sale $3.00M (Mar 24 2023)
Last sale anchor
$3.00M
Mar 24 2023
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
$164 / 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
$73,165
Tax year 2023
Assessed value
$1,001,600
Assessed 2023
Previous assessed
$953,720
+5.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$159,920
Assessed improvement
$841,680
Land market value
$456,900
Improvement market value
$2,404,800
Total market value
$2,861,700
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
1985
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
18,012 SF
Lot
1.97 ac (85,726 SF)
Zoning code
2055
APN
010-199995
UPID
US66-2059368
Jurisdiction
FRANKLIN
Zoning & alternative use
2055 · Reynoldsburg, OHZoning 2055 · permitted uses
2055 · Reynoldsburg, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code 2026
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.9M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
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
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
Columbia Motels INC
Entity
Mailing address
11364 LEMON LK BLVD, ORLANDO, FL 32836-5070
Ownership since
2023
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
Mar 24, 2023
$3,000,000
Columbia Motels INC
Dream Land Hotels LLC
Limited Warranty Deed
$3,083,000 · Ready Capital Corp
Nov 19, 2021
—
Dream Land Hotels LLC
—
Deed
related
$2,000,000 · United States Small Business Admin
Jun 14, 2006
$1,800,000
Dream Land Hotels LLC
Jeffersonville Host LLC
Warranty Deed
$1,989,000 · Fahey Banking Co
Jul 9, 2004
$1,800,000
Jeffersonville Host LLC
Downtown Clark LLC
Grant Deed
$1,260,000 · Fahey Banking Co
Dec 31, 2003
$1,341,200
Downtown Clark LLC
Cci Management INC
Grant Deed
$3,270,000 · Greenfield Commercial Credit
Dec 31, 2003
—
Downtown Clark LLC
—
Deed Of Trust
related
$15,900,000 · Regency Savings Bank
Sep 11, 2003
$1,185,300
Holding Corp Of Ohio
Cross Country Inns LLC
Grant Deed
—
Sep 11, 2003
—
Cci Management INC
Holding Corp Of Ohio
Grant Deed
related
—
Aug 28, 1998
—
Cross Country Inns LLC
Donald R Kenney Trustee
Grant Deed
related
—
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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