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Property profile & analytics
OFF-MARKET
Estimated value
$17,160,000
Hotels
2886 Airport Dr Columbus, OH 43219-2240
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1647083
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Total area
271,377 SF
Lot
6.45 ac (281,093 SF)
APN
010-247205
UPID
US66-1647083
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
-
Embassy Suites by Hilton Columbus Airport Hotel & Motel
-
ATM Atm
-
NATIONAL AMERICAN MISS High School
-
Reliable Auto Transport Trucking Company
-
The Spoons Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.16M
Owner & transaction history
Afp 116 Corp · 6 yrs held
Afp 116 Corp
since 2019
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,205,000
6.5%
$21,420,000
7%
$19,890,000
Blend value · Realmo final
$17.16M
Range $15.44M – $18.88M · ±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
$63 / 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
$913,631
Tax year 2023
Assessed value
$12,507,250
Assessed 2023
Previous assessed
$8,373,750
+49.4% YoY
Effective rate
7.30%
On assessed value
Assessed land
$668,990
Assessed improvement
$11,838,260
Land market value
$1,911,400
Improvement market value
$33,823,600
Total market value
$35,735,000
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
2008
Heating
YES
Cooling
NONE
Buildings
1
Stories
7
Total area
271,377 SF
Lot
6.45 ac (281,093 SF)
APN
010-247205
UPID
US66-1647083
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
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Stories
7
Buildings
1
Lot
6.45 ac
Current owner
From public records · entity-resolved
Afp 116 Corp
Entity
Mailing address
9 PARK PL FL, GREAT NECK, NY 11021-5034
Ownership since
2019
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
Nov 15, 2019
$31,900,000
Afp 116 Corp
Airport Core Hotel LLC
Grant Deed
—
Nov 24, 2014
$1,350,000
Airport Core Hotel LLC
Airport Land LLC
Grant Deed
$22,000,000 · Nxt Cap
May 9, 2008
—
Airport Core Hotel LLC
—
Deed Of Trust
related
$26,900,000 · Huntington National Bank
Apr 6, 2007
$203,400
Airport Land LLC
John R Davis
Warranty Deed
—
—
—
Airport Core Hotel LLC
—
Deed Of Trust
related
$23,000,000 · Pillar Multifamily
—
—
Airport Core Hotel LLC
—
Deed Of Trust
related
$750,000 · Huntington National Bank
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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