Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,360,000
Hotels
2900 Airport Dr Columbus, OH 43219-2239
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-6031862
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
41,796 SF
Lot
1.81 ac (78,626 SF)
APN
010-250975
UPID
US66-6031862
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
-
Country Inn & Suites by Radisson, Columbus Airport, OH Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.30M
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$4.36M
Owner & transaction history
Nexgen Hospitality LLC · 1 yrs held
Nexgen Hospitality LLC
since 2024
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+37.1%
Apartment house (5+ units)
$6.1M
+25.3%
Office building
$6.0M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,575,000
6.5%
$3,300,000
7%
$3,065,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,835,000
Current use
AUTO REPAIR, GARAGE
$6,630,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,060,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$5,965,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$5,645,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,515,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.36M
Range $3.92M – $4.80M · ±10% · vs last sale $4.62M (Jul 28 2024)
Last sale anchor
$4.62M
Jul 28 2024
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
$104 / 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
$122,409
Tax year 2023
Assessed value
$1,675,730
Assessed 2023
Previous assessed
$634,380
+164.2% YoY
Effective rate
7.30%
On assessed value
Assessed land
$220,150
Assessed improvement
$1,455,580
Land market value
$629,000
Improvement market value
$4,158,800
Total market value
$4,787,800
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
41,796 SF
Lot
1.81 ac (78,626 SF)
APN
010-250975
UPID
US66-6031862
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
$4.8M
AUTO REPAIR, GARAGE
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
OFFICE BUILDING
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
HOTEL/MOTEL Current
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
1.81 ac
Current owner
From public records · entity-resolved
Nexgen Hospitality LLC
Entity
Mailing address
515 S FLOWER ST, LOS ANGELES, CA 90071-2201
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
$4,619,700
Nexgen Hospitality LLC
Cni Thl Propco Fe LLC
Deed
$3,760,000 · Shoreham Bank
Dec 5, 2023
—
Cni Thl Propco Fe LLC
—
Deed
related
$794,000,000 · Morgan Stanley Mortgage Capital Holdings
Sep 16, 2020
—
Cni Thl Propco Fe LLC
—
Deed
related
$960,000,000 · Wells Fargo Bk 2018-thpt (ce)
Nov 17, 2017
$1,000,000
Cni Thl Propco Fe LLC
Fargo Hotels Pool C Re W2005
Quit Claim Deed
related
$960,000,000 · Jp Morgan Chase Bk
Jun 4, 2013
—
Fargo Hotels Pool C Re W2005
—
Deed Of Trust
related
$775,000,000 · German American Capital Corp
Apr 25, 2006
$4,906,000
Fargo Hotels Pool C Re W2005
Heritage Inn & Suites Of Columbus
Grant Deed
—
May 18, 2005
$595,000
Heritage Inn & Suites Of Columbus
Heritage Inn Of Cloquet INC
Warranty Deed
—
—
—
Cni Thl Propco Fe LLC
—
Loan Modification
related
$960,000,000 · Wells Fargo Bk 2018-thpt (ce)
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 2900 Airport Dr?
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.
