Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,845,000
Hotels
2305 Wilson Rd Columbus, OH 43228-9594
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-3367366
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
WOOD
Total area
43,196 SF
Lot
2.67 ac (116,436 SF)
APN
560-285119
UPID
US66-3367366
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
-
Casey and Courtney (Temporary) Hotel & Motel
-
WoodSpring Suites Columbus West - Hilliard Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.83M
CAP Approach
CAP
$3.67M
Comparable Approach
Comparable
$5.49M
Blend (final)
Blend
$5.85M
Owner & transaction history
New Era Columbus II LLC · 5 yrs held
New Era Columbus II LLC
since 2020
Last sale
$6.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.9M
+37.1%
Apartment house (5+ units)
$6.3M
+25.3%
Office building
$6.2M
+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
$5,740,000
ML approach
$5,830,000
CAP Approach
CAP Return
Estimation
6%
$3,970,000
6.5%
$3,665,000
7%
$3,405,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,995,000
Current use
AUTO REPAIR, GARAGE
$6,850,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,260,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$6,165,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$5,835,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,670,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$4,525,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.85M
Range $5.26M – $6.43M · ±10% · vs last sale $6.08M (May 19 2025)
Last sale anchor
$6.08M
May 19 2025
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
$135 / 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
$103,579
Tax year 2023
Assessed value
$1,429,230
Assessed 2023
Previous assessed
$1,400,040
+2.1% YoY
Effective rate
7.25%
On assessed value
Assessed land
$279,090
Assessed improvement
$1,150,140
Land market value
$797,400
Improvement market value
$3,286,100
Total market value
$4,083,500
Applied tax rate
560.0000
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
2007
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
43,196 SF
Lot
2.67 ac (116,436 SF)
APN
560-285119
UPID
US66-3367366
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
$5.0M
AUTO REPAIR, GARAGE
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
RETAIL STORES
Est. value
$4.5M
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Buildings
1
Lot
2.67 ac
Current owner
From public records · entity-resolved
New Era Columbus II LLC
Entity
Mailing address
2305 WILSON RD, COLUMBUS, OH 43228-9594
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2020
$3,775,000
New Era Columbus II LLC
Bsrep II Ws Columbus Hilliard LLC
Limited Warranty Deed
$4,500,000 · Kanza Bank
Feb 8, 2018
—
Woodspring Suites Columbus Hil
—
Grant Deed
related
$810,000,000 · Citi R/e Fndg INC
Oct 3, 2013
$6,696,900
Value Place Columbus Oh Northw
Agbl Hilliard Owner LLC
Grant Deed
—
May 14, 2010
—
Agbl Hilliard Owner LLC
Liberty Vp Hilliard LLC
Grant Deed
—
—
—
Agbl Hilliard Owner LLC
—
Deed Of Trust
related
$2,640,719 · Us Bank NA
—
—
Woodspring Suites Columbus Hil
—
Deed Of Trust
related
$235,000,000 · Jp Morgan Chase Bk
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 2305 Wilson 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.
