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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Motels
311 Highland E Rd Macedonia, OH 44056-2103
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-1677429
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Construction
FRAME
Total area
10,944 SF
Lot
2.27 ac (98,794 SF)
APN
33-03808
UPID
US66-1677429
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
-
Key Inn Macedonia Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$980k
Owner & transaction history
Macedonia Hospitality LLC · 8 yrs held
Macedonia Hospitality LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+34.0%
Auto repair, garage
$1.1M
+19.6%
Medical building
$1.0M
+12.6%
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 Macedonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Macedonia 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%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$910,000
Current use
RESTAURANT
$1,220,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,090,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$1,025,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$850,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$90 / 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
$52,368
Tax year 2023
Assessed value
$818,430
Assessed 2023
Previous assessed
$818,430
+0.0% YoY
Effective rate
6.40%
On assessed value
Assessed land
$119,060
Assessed improvement
$699,370
Land market value
$340,170
Improvement market value
$1,998,200
Total market value
$2,338,370
Applied tax rate
33.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
3
Units
41
Bathrooms
41
Total area
10,944 SF
Lot
2.27 ac (98,794 SF)
APN
33-03808
UPID
US66-1677429
Jurisdiction
SUMMIT
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
$910,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
OFFICE BUILDING
Est. value
$850,000
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Units
41
Bathrooms
41
Lot
2.27 ac
Current owner
From public records · entity-resolved
Macedonia Hospitality LLC
Entity
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Dec 15, 2017
$235,000
Macedonia Hospitality LLC
Shahil LLC
Warranty Deed
$2,000,000 · Berkshire Bank
May 1, 2009
—
Shahil LLC
Bhakta,sanjiv R
Warranty Deed
—
Nov 18, 2008
$165,000
Sanjiv R Bhakta
Motel 6 Operating
Grant Deed
—
Sep 28, 2007
$2,736,158
Motel 6 Operating
Nh Macedonia Trust
Grant Deed
—
Sep 28, 2007
$7,587
Nh Macedonia Trust
Nh6 Lr IV Ltd
Grant Deed
—
Jun 8, 1998
$2,760,000
Nh6 Lr IV Ltd
Motel 6 Operating LP
Grant Deed
related
$3,067,582 · First Union 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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