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Property profile & analytics
OFF-MARKET
Estimated value
$7,445,000
Hotels
2350 Westbelt Dr Columbus, OH 43228-3822
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2531385
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Total area
110,582 SF
Lot
6.29 ac (274,080 SF)
APN
560-204259
UPID
US66-2531385
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
-
Courtyard Columbus West/Hilliard Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.45M
CAP Approach
CAP
$9.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.45M
Owner & transaction history
Columbus Hilliard Hotel Group LLC · 4 yrs held
Columbus Hilliard Hotel Group LLC
since 2021
Last sale
$7.7M
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 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
$6,995,000
ML approach
$7,445,000
CAP Approach
CAP Return
Estimation
6%
$10,170,000
6.5%
$9,385,000
7%
$8,715,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,950,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$11,585,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.45M
Range $6.70M – $8.19M · ±10% · vs last sale $7.67M (Nov 18 2021)
Last sale anchor
$7.67M
Nov 18 2021
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
$67 / 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
$239,924
Tax year 2023
Assessed value
$3,310,590
Assessed 2023
Previous assessed
$3,310,590
+0.0% YoY
Effective rate
7.25%
On assessed value
Assessed land
$253,020
Assessed improvement
$3,057,570
Land market value
$722,900
Improvement market value
$8,735,900
Total market value
$9,458,800
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
1988
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
110,582 SF
Lot
6.29 ac (274,080 SF)
APN
560-204259
UPID
US66-2531385
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.0M
RETAIL STORES
Est. value
$11.6M
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
1988
Heating
YES
Cooling
Yes
Stories
4
Buildings
1
Lot
6.29 ac
Current owner
From public records · entity-resolved
Columbus Hilliard Hotel Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
115 BLUE JAY DR STE #101, LIBERTY, MO 64068-3811
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
—
Liberty Management Groap Of Florida
—
Deed
related
$3,000,000 · Mitteniom Lneestment Group LLC
Nov 18, 2021
$7,668,800
Columbus Hilliard Hotel Group LLC
Patrick Maciak
Fiduciary Deed
—
Dec 12, 2019
—
Om Capital Columbus LLC
—
Grant Deed
related
$9,500,000 · Bi 45 LLC
Mar 4, 2016
$7,300,000
Om Capital Columbus LLC
Columbia Props Columbus LLC
Grant Deed
related
$10,000,000 · Private Individual
Aug 20, 2007
—
Columbia Properties Columbus LLC
Cs Hotels LP
Quit Claim Deed
related
—
—
—
Columbia Props Columbus LLC
—
Deed Of Trust
related
—
—
—
Om Capital Columbus LLC
—
Deed Of Trust
related
$10,625,000 · Fortress Cr
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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