Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Hotels
2299 Cherry Vly SE Rd Newark, OH 43055-9393
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-1824900
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1993
Total area
56,464 SF
Lot
16.75 ac (729,630 SF)
APN
056-042864-00.003
UPID
US66-1824900
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
-
City Farm Supply Food Processing Plant
-
Mid-Ohio Fiber Fair Event Planning
-
Cherry Valley Hotel, BW Premier Collection Hotel & Motel
-
Craftsman Kitchen & Terrace Restaurant
-
Ohio Event Center Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.70M
Blend (final)
Blend
$3.62M
Owner & transaction history
Newark Hotel Ownership LLC · 8 yrs held
Newark Hotel Ownership LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.1M
+190.6%
Commercial (general)
$5.0M
+182.2%
Restaurant
$4.7M
+167.6%
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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,105,000
Change: +191% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,955,000
Change: +182% · Conversion: Difficult
RESTAURANT
$4,700,000
Change: +168% · Conversion: Difficult
OFFICE BUILDING
$4,640,000
Change: +164% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,615,000
Change: +163% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,530,000
Change: +158% · Conversion: Difficult
MEDICAL BUILDING
$4,420,000
Change: +152% · Conversion: Difficult
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±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
$64 / 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
$160,006
Tax year 2023
Assessed value
$3,852,530
Assessed 2023
Previous assessed
$3,852,530
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$879,380
Assessed improvement
$2,973,150
Land market value
$2,512,500
Improvement market value
$8,494,700
Total market value
$11,007,200
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1993
Heating
NONE
Stories
2
Total area
56,464 SF
Lot
16.75 ac (729,630 SF)
APN
056-042864-00.003
UPID
US66-1824900
Jurisdiction
LICKING
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
INDUSTRIAL (GENERAL)
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RESTAURANT
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.4M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1993
Heating
NONE
Stories
2
Lot
16.75 ac
Current owner
From public records · entity-resolved
Newark Hotel Ownership LLC
Entity
Mailing address
5845 WIDEWATERS PKWY STE #100, EAST SYRACUSE, NY 13057-3078
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2017
$3,333,800
Newark Hotel Ownership LLC
Bellaire Hospitalities L L C
Special Warranty Deed
$16,807,149 · First Federal Bank Of The Midwest
Jan 14, 2013
—
Bellaire Hospitalities LLC
—
Deed Of Trust
related
$4,000,000 · Park National Bank
Apr 15, 2011
$4,174,800
Bellaire Hospitalities LLC
Wph Cherry Valley LLC
Grant Deed
—
Oct 7, 2005
$15,500,000
W P H Cherry Valley LLC
Cherry Jack
Grant Deed
related
$12,400,000 · Mila INC
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 2299 Cherry Vly SE Rd?
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.
