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Property profile & analytics
OFF-MARKET
Estimated value
$8,260,000
Hotels
2890 Airport Dr Columbus, OH 43219-2240
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1266308
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
69,082 SF
Lot
2.14 ac (93,436 SF)
APN
010-247886
UPID
US66-1266308
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
-
LibertyX Bitcoin ATM Atm
-
Staybridge Suites Columbus-Airport, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.75M
CAP Approach
CAP
$5.45M
Comparable Approach
Comparable
$7.52M
Blend (final)
Blend
$8.26M
Owner & transaction history
Shatabdi Hospitality LLC · 4 yrs held
Shatabdi Hospitality LLC
since 2022
Last sale
$8.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.8M
+59.5%
Auto repair, garage
$11.0M
+37.1%
Apartment house (5+ units)
$10.0M
+25.3%
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
$8,640,000
ML approach
$8,750,000
CAP Approach
CAP Return
Estimation
6%
$5,905,000
6.5%
$5,450,000
7%
$5,065,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,990,000
Current use
COMMERCIAL (GENERAL)
$12,750,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,955,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,015,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$9,860,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$9,330,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,465,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$8.26M
Range $7.43M – $9.09M · ±10% · vs last sale $8.20M (Apr 28 2022)
Last sale anchor
$8.20M
Apr 28 2022
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
$120 / 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
$187,699
Tax year 2023
Assessed value
$2,569,530
Assessed 2023
Previous assessed
$1,890,000
+36.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$261,630
Assessed improvement
$2,307,900
Land market value
$747,500
Improvement market value
$6,594,000
Total market value
$7,341,500
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
2000
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
69,082 SF
Lot
2.14 ac (93,436 SF)
APN
010-247886
UPID
US66-1266308
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
$8.0M
COMMERCIAL (GENERAL)
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$11.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.0M
OFFICE BUILDING
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Shatabdi Hospitality LLC
Entity
Mailing address
1515 N SANDUSKY AVE, SAINT PAUL, MN 55109
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
$6,800,000
Shatabdi Hospitality LLC
Gh Columbus Hotel Partners LLC
Warranty Deed
$1,600,000 · Us Metro Bank
Apr 28, 2022
—
Shatabdi Hospitality LLC
—
Deed
related
$1,600,000 · Us Metro Bank
Dec 7, 2020
—
Gh Columbus Hotel Partners LLC
—
Deed
related
$5,560,000 · Deerwood Bank
Nov 18, 2015
$4,300,000
Gh Columbus Hotel Partners LLC
Rama INC
Grant Deed
$5,865,000 · Silverpeak R/e Fin
—
—
Rama INC
—
Deed Of Trust
related
$3,000,000 · Zions First 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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