Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2350 Westbelt Dr Columbus, OH 43228-3822
    Back to Search
    Property profile & analytics

    2350 Westbelt Dr, Columbus, OH 43228-3822

    View on Map
    • Hotels
    • 110,582 SF
    • 6.29 lot acres
    Off-Market
    Last Sale Nov 18, 2021
    $7,668,750
    Property ID
    US66-2531385
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,445,000
    Show details
    Cap Rate Potential
    8.7%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Courtyard Columbus West/Hilliard / Hotel & Motel

    Property Details for 2350 Westbelt Dr

    Year built
    1988
    Lot size
    6.29 lot acres
    Property type
    Hotels
    APN
    560-204259
    APU
    560204259

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 10, 2022 — Liberty Management Groap Of Florida — Deed · related $3M · 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 $9.5M · Bi 45 LLC
    Mar 4, 2016 $7,300,000 Om Capital Columbus LLC Columbia Props Columbus LLC Grant Deed · related $10M · 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 $10.6M · Fortress Cr

    Value 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
      RETAIL STORES
      $11,585,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.121
    Latitude
    40.0017
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $239,924
    $253,020
    $3,057,570
    $3,310,590
    -
    $722,900
    $8,735,900
    $9,458,800

    Comparable in this City

    • Value Estimation
      $7,365,000
      24,393 SF

      Westbelt Dr

      HOTEL
      Westbelt Dr, Columbus, OH 43228
      View Details
    • Value Estimation
      $3,225,000
      41,973 SF

      5520 Maxwell Pl

      HOTEL
      5520 Maxwell Pl, Columbus, OH 43228-8959
      View Details
    • Value Estimation
      $1,955,000
      23,684 SF

      5547 Keim Cir

      HOTEL
      5547 Keim Cir, Columbus, OH 43228-7328
      View Details
    • Value Estimation
      $3,435,000
      67,696 SF

      5495 Maxwell Pl

      HOTEL
      5495 Maxwell Pl, Columbus, OH 43228-8958
      View Details
    • Value Estimation
      $3,200,000
      52,890 SF

      5505 Keim Cir

      HOTEL
      5505 Keim Cir, Columbus, OH 43228-7328
      View Details
    • Value Estimation
      $2,530,000
      38,268 SF

      5625 Trabue Rd

      HOTEL
      5625 Trabue Rd, Columbus, OH 43228-9811
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      6,500 SF Manufacturing Building

      Manufacturing building for lease with outdoor storage potential.
      5150 Walcutt Ct, Columbus, OH 43228
      View Details
    • Contact for pricing

      High-Traffic West Broad Street Investment

      Prime commercial land with income potential on West Broad Street.
      4170 W Broad St, Columbus, OH 43228
      View Details
    • Contact for pricing

      Columbus Flex Warehouse with Suites

      39,115 SF flex/warehouse divisible into three suites for sale.
      850 Kaderly Dr, Columbus, OH 43228
      View Details
    • Contact for pricing

      Turnkey Brick Four-Unit Property

      Fully occupied four-unit property with tenants paying all utilities.
      3664-3670 Mccarley Dr S, Columbus, OH 43228
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse with Ample Parking

      30,000 SF warehouse with 26' clear height.
      2771 Westbelt Dr, Columbus, OH 43228
      View Details
    • Contact for pricing
      60,000 SF

      Columbus Warehouse Near I-270 Exit

      60,000 SF warehouse with convenient highway access in Columbus.
      Westbelt Dr, Columbus, OH 43228
      View Details
    • Contact for pricing
      2,300 SF

      Medical/Office Space with Front Parking

      Medical/office space featuring front door parking and specialized rooms.
      4300-4310 Clime Rd, Columbus, OH 43228
      View Details
    • Contact for pricing

      Columbus Industrial Spaces Available

      Industrial spaces available for rent in Columbus, Ohio.
      4419 Equity Dr, Columbus, OH 43228
      View Details
    • Contact for pricing
      70,333 SF

      Warehouse Space Available For Lease

      70,333 sq ft warehouse with 2,800 sq ft office.
      2781 Westbelt Dr, Columbus, OH 43228
      View Details
    • Contact for pricing
      191,689 SF

      West70 Logistics Center Availability

      Located near I-70 and I-270, close to CSX Intermodal.
      910 Hilliard Rome Rd East, Columbus, OH 43228
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2350 Westbelt Dr
    Columbus, OH 43228-3822
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2350 Westbelt Dr, Columbus, OH, 43228
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!