Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,145,000
Motels
2055 Lincoln Way Wooster, OH 44691-3815
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-0033965
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1993
Total area
28,116 SF
Lot
1.73 ac (75,359 SF)
APN
56-01943-003
UPID
US66-0033965
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 Hotel & Motel
-
Wooster inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.15M
Owner & transaction history
Shree Hari Development LLC · 1 yrs held
Shree Hari Development LLC
since 2024
Last sale
$3.1M
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 Wooster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wooster 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
$3,145,000
ML approach
$3,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,675,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,635,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,430,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,160,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±10% · vs last sale $3.15M (Oct 3 2024)
Last sale anchor
$3.15M
Oct 3 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
$112 / 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
$31,238
Tax year 2023
Assessed value
$624,010
Assessed 2023
Previous assessed
$624,010
+0.0% YoY
Effective rate
5.01%
On assessed value
Assessed land
$45,130
Assessed improvement
$578,880
Land market value
$128,950
Improvement market value
$1,653,950
Total market value
$1,782,900
Applied tax rate
56.0000
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
1993
Heating
NONE
Cooling
YES
Stories
2
Total area
28,116 SF
Lot
1.73 ac (75,359 SF)
APN
56-01943-003
UPID
US66-0033965
Jurisdiction
WAYNE
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
AUTO REPAIR, GARAGE
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.4M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
1993
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Shree Hari Development LLC
Entity
Mailing address
2055 E LINCOLN WAY, WOOSTER, OH 44691-3815
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
$3,145,000
Shree Hari Development LLC
Jay Jalaram Lodging LLC
Warranty Deed
$3,100,000 · Main Street Bank
Jun 8, 2023
—
Jay Jalaram Lodging LLC
—
Deed
related
$1,545,000 · Wayne Savings Community Bank
Jun 3, 2022
—
Jay Jalaram Lodging LLC
—
Deed
related
$260,000 · Newtek Small Business Finance LLC
Jan 25, 2022
—
Jay Jalaram Lodging LLC
—
Deed
related
$1,001,800 · United States Small Business Admin
Dec 16, 2021
—
Jay Jalaram Lodging LLC
—
Deed
related
$1,590,000 · Peoples Bank
Nov 23, 2021
—
Jay Jalaram Lodging LLC
—
Deed
related
$1,220,000 · Peoples Bank Sba
Feb 15, 2017
—
Jay Jalaram Lodging LLC
—
Deed
related
$850,000 · The Commercial & Savings Bank
Jan 10, 2012
$1,700,000
Ja Jalaram Lodging LLC
Bhg Wooster LLC
Warranty Deed
$300,000 · First Wstrn Sblc
Jun 21, 2006
$2,100,000
Patel,bakulesh G
Pmc Commercial Trust
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2055 Lincoln Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
