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Property profile & analytics
OFF-MARKET
Estimated value
$4,545,000
Motels
3246 Olentangy Riv Rd Columbus, OH 43202-1519
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-6250847
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Construction
WOOD
Total area
18,828 SF
Lot
2.3 ac (100,057 SF)
Zoning code
3246
APN
010-007744
UPID
US66-6250847
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
-
Motel 6 Columbus, OH - OSU Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$4.55M
Owner & transaction history
Kt Hotels LLC · 4 yrs held
Kt Hotels LLC
since 2022
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
3246 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+97.1%
Auto repair, garage
$3.0M
+37.1%
Apartment house (5+ units)
$2.7M
+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
$4,585,000
ML approach
$4,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,295,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,985,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,730,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$4.55M
Range $4.09M – $5.00M · ±10% · vs last sale $4.35M (Feb 1 2022)
Last sale anchor
$4.35M
Feb 1 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
$241 / 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
$99,085
Tax year 2023
Assessed value
$1,356,440
Assessed 2023
Previous assessed
$1,093,770
+24.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$525,320
Assessed improvement
$831,120
Land market value
$1,500,900
Improvement market value
$2,374,600
Total market value
$3,875,500
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
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
1984
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
18,828 SF
Lot
2.3 ac (100,057 SF)
Zoning code
3246
APN
010-007744
UPID
US66-6250847
Jurisdiction
FRANKLIN
Zoning & alternative use
3246 · Columbus, OH
Zoning 3246 · permitted uses
3246 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
2.3 ac
Current owner
From public records · entity-resolved
Kt Hotels LLC
Entity
Mailing address
3246 OLENTANGY RIV RD, COLUMBUS, OH 43202-1519
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
$4,350,000
Kt Hotels LLC
Mk USA Corporation
Warranty Deed
$3,715,000 · Us Metro Bank
Mar 9, 2021
—
Mk USA Corporation
—
Deed
related
—
Aug 20, 2019
$3,397,500
Mk USA Corp
Hreet Hospitality LLC
Warranty Deed
$3,491,500 · Telhio Cu
Mar 31, 2017
—
Hreet Hospitality LLC
—
Deed
related
$1,030,000 · Hcdc INC
Sep 23, 2005
—
University Core Hotel LLC
Downtown Clark LLC
Grant Deed
$2,500,000 · Fahey Banking Co
Apr 27, 2005
—
Downtown Clark LLC
—
Trustees Deed
related
$250,000 · National City Bank
Dec 31, 2003
$1,524,200
Downtown Clark LLC
Cci Management INC
Grant Deed
—
Sep 11, 2003
$1,270,000
Holding Corp Of Ohio
Cross Country Inns LLC
Grant Deed
—
Aug 28, 1998
—
Cross Country Inns LLC
Donald R Kenney Trustee
Grant Deed
related
—
—
—
University Core Hotel LLC
—
Deed Of Trust
related
$200,000 · Fahey Banking Co
—
—
University Core Hotel LLC
—
Deed Of Trust
related
$2,750,000 · Fahey Banking Co
—
—
Hreet Hospitality LLC
—
Deed Of Trust
related
$1,030,000 · Hcdc 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.
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