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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Hotels
2200 Lk Clb Dr Columbus, OH 43232-3212
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2410182
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
WOOD
Total area
31,606 SF
Lot
1.5 ac (65,514 SF)
APN
010-213473
UPID
US66-2410182
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
-
OriginalThotz (Bike/Boat/Book/etc) Store
-
Suburban Studios Columbus East Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.61M
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$3.58M
Owner & transaction history
Art Hotels LLC · 2 yrs held
Art Hotels LLC
since 2023
Last sale
$3.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+37.1%
Apartment house (5+ units)
$4.6M
+25.3%
Office building
$4.5M
+23.4%
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
$3,645,000
ML approach
$3,605,000
CAP Approach
CAP Return
Estimation
6%
$2,700,000
6.5%
$2,495,000
7%
$2,315,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,655,000
Current use
AUTO REPAIR, GARAGE
$5,010,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,580,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$4,510,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$4,270,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,415,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$3,390,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±10% · vs last sale $3.54M (Nov 16 2023)
Last sale anchor
$3.54M
Nov 16 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
$113 / 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
$49,792
Tax year 2023
Assessed value
$681,630
Assessed 2023
Previous assessed
$616,390
+10.6% YoY
Effective rate
7.30%
On assessed value
Assessed land
$92,720
Assessed improvement
$588,910
Land market value
$264,900
Improvement market value
$1,682,600
Total market value
$1,947,500
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
1
Stories
3
Total area
31,606 SF
Lot
1.5 ac (65,514 SF)
APN
010-213473
UPID
US66-2410182
Jurisdiction
FRANKLIN
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
$3.7M
AUTO REPAIR, GARAGE
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
RETAIL STORES
Est. value
$3.4M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Art Hotels LLC
Entity
Mailing address
PO BOX 3321, WESTERVILLE, OH 43086-3321
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
$3,535,300
Art Hotels LLC
Esa P Portfolio LLC
Limited Warranty Deed
$2,160,500 · Poppy Bank
Dec 6, 2012
—
Esa P Portfolio LLC
—
Deed Of Trust
related
—
Jun 1, 2004
—
Bre/esa Properties LLC
Studio Plus Properties INC
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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