New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,650,000
Hotels
32 Heatherdown Dr, Westerville, OH 43081-2841
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-5272187
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Total area
58,356 SF
Lot
2.84 ac (123,536 SF)
Zoning code
32
APN
080-004344
UPID
US66-5272187
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
-
Aloft Columbus Westerville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.65M
Owner & transaction history
32 Heatherdown Drive LLC · 10 yrs held
32 Heatherdown Drive LLC
since 2016
7 recorded transactions
Zoning & alternative use
32 · Westerville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.3M
+5.9%
Office building
$7.2M
+5.0%
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 Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville 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%
$5,890,000
6.5%
$5,435,000
7%
$5,050,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,885,000
Current use
RETAIL STORES
$7,295,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$7,230,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$4.65M
Range $4.19M – $5.12M · ±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
$80 / 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
$297,092
Tax year 2023
Assessed value
$3,616,560
Assessed 2023
Previous assessed
$2,800,010
+29.2% YoY
Effective rate
8.21%
On assessed value
Assessed land
$518,850
Assessed improvement
$3,097,710
Land market value
$1,482,400
Improvement market value
$8,850,600
Total market value
$10,333,000
Applied tax rate
80.0000
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
2017
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
58,356 SF
Lot
2.84 ac (123,536 SF)
Zoning code
32
APN
080-004344
UPID
US66-5272187
Jurisdiction
FRANKLIN
Zoning & alternative use
32 · Westerville, OH
Zoning 32 · permitted uses
32 · Westerville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.9M
RETAIL STORES
Est. value
$7.3M
OFFICE BUILDING
Est. value
$7.2M
HOTEL/MOTEL Current
RETAIL STORES
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
2017
Heating
YES
Cooling
Yes
Stories
4
Buildings
1
Lot
2.84 ac
Current owner
From public records · entity-resolved
32 Heatherdown Drive LLC
Entity
Free & Clear · 10 yrs held
Mailing address
2517 SIR BARTON WAY STE #210, LEXINGTON, KY 40509-2775
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2019
—
32 Heatherdown Drive LLC
—
Deed
related
$14,646,843 · Limestone Bk INC
May 19, 2016
$750,000
32 Heatherdown Drive LLC
Westerville Industry And Commerce C
Limited Warranty Deed
—
Feb 18, 2015
—
Westerville Industry & Commerc
Central Ohio Cmnty Improvement
Grant Deed
—
Sep 11, 2014
—
Central Ohio Cmnty Improvement
Westerville Industry & Commerc
Grant Deed
—
Sep 3, 2014
$300,000
Westerville Industry & Commerc
Vj Capital Management LLC
Grant Deed
—
Oct 15, 2007
$1,300,000
V J Capital Management LLC
T E Airport Hospitality LLC
Limited Warranty Deed
—
Oct 26, 2006
$1,300,000
Vj Capital Management LLC
Te Airport Hospitality LLC
Grant Deed
—
Nov 9, 2005
$1,100,000
Te Airport Hospitality LLC
The Derlam Co
Corporation Deed
$840,000 · First Federal Bank Of The Midwest
Apr 29, 2005
$935,000
Derlam Co
Sheriff Of Franklin County
Trustees Deed
related
—
Sep 30, 1999
$2,500,000
Vishal Sajan INC
Janus Hotels & Resorts INC
Grant Deed
$1,050,000 · First National Bank Zanesville
—
—
32 Heatherdown Drive LLC
—
Loan Modification
related
$14,646,843 · Limestone Bk INC
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 32 Heatherdown 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.
