2100 Brice Rd, Reynoldsburg, OH 43068-3446
- Hotels
- 76,294 SF
- 7.86 lot acres
Current Use by Public Records
- Days Inn by Wyndham Columbus East Airport / Hotel & Motel
Property Details for 2100 Brice Rd
- Year built
- 1972
- Lot size
- 7.86 lot acres
- Property type
- Hotels
- APN
- 060-001777
- APU
- 60001777
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 11, 2025 | $5,450,000 | Sleep Heaven LLC | First Hotel Management LLC | Deed | $5M · Centerstone Sba Lending INC |
| Nov 2, 2017 | $1,700,000 | First Hotel Management LLC | Brice Hotel INC | Grant Deed | $2.5M · Brice Hotel INC |
| Mar 26, 2015 | $1,500,000 | Brice Hotel INC | Mgh Hospitality Ltd | Quit Claim Deed · related | — |
| Jul 7, 2009 | $2,630,000 | Mgh Hospitality Ltd | Brice Hotel INC | Warranty Deed | $3.4M · Brice Hotel INC |
| — | — | Brice Hotel INC | — | Deed Of Trust · related | $400k · Park National Bank |
| — | — | Brice Hotel INC | — | Deed Of Trust · related | $2M · Park National Bank |
Description
This exceptional investment opportunity presents a 152-key Days Inn located at 2100 Brice Rd, Reynoldsburg, OH 43068. Boasting 60,000 square feet on a 7.86-acre lot, this two-story, concrete block hotel features interior corridors and underwent a complete renovation in 2021. The property includes 200 parking spaces, an outdoor pool, banquet hall, and a restaurant ready for lease. Individual room PTAC units provide climate control. The roof is a combination of pitched shingle and flat rubber. Built in 1972, this stabilized investment offers significant upside potential. The asking price is $5,950,000, translating to $99.17 per square foot and $39,144.74 per key. With a current occupancy rate of 60.4% (as of March 31, 2024), the property generated $2,146,807 in revenue. The property is zoned commercial and sits on a fee simple ownership with APN #060-001777-00 (Franklin County). This Days Inn presents a compelling opportunity for investors seeking a strong return in a desirable location. The property's amenities, recent renovation, and established revenue stream make it an attractive addition to any portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,635,000
- ML approach
- $5,680,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,700,000
- 6.5%
- $7,110,000
- 7%
- $6,600,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,610,000
Market price range: $6.61M - $12.6M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $9,000,000 Current use
- OFFICE BUILDING
- $8,155,000 Change: -9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Reynoldsburg
- County
- Franklin
- State
- Ohio
- Longitude
- -82.8289
- Latitude
- 39.9375
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
