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Property profile & analytics
OFF-MARKET
Estimated value
$3,170,000
Motels
375 Hutchinson Ave Columbus, OH 43235-4690
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-2890093
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2014
Construction
WOOD
Total area
44,448 SF
Lot
2.89 ac (125,758 SF)
APN
610-201410
UPID
US66-2890093
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
-
WoodSpring Suites Columbus North I-270 Hotel & Motel Vacation Rental
-
Woodspring Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.17M
Owner & transaction history
Sandpiper Columbus LLC · 9 yrs held
Sandpiper Columbus LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$4,235,000
6.5%
$3,910,000
7%
$3,630,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,140,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,805,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$4,770,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.17M
Range $2.85M – $3.49M · ±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
$71 / 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
$196,994
Tax year 2023
Assessed value
$2,182,710
Assessed 2023
Previous assessed
$1,676,500
+30.2% YoY
Effective rate
9.03%
On assessed value
Assessed land
$352,140
Assessed improvement
$1,830,570
Land market value
$1,006,100
Improvement market value
$5,230,200
Total market value
$6,236,300
Applied tax rate
610.0000
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
2014
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
1
Stories
4
Total area
44,448 SF
Lot
2.89 ac (125,758 SF)
APN
610-201410
UPID
US66-2890093
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
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
RETAIL STORES
Est. value
$4.8M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2014
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Buildings
1
Lot
2.89 ac
Current owner
From public records · entity-resolved
Sandpiper Columbus LLC
Entity
Mailing address
211 W FRANKLIN ST, RICHMOND, VA 23220-5011
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2019
—
Sandpiper Columbus LLC
—
Grant Deed
related
$16,000,000 · Keybank USA
Aug 31, 2016
—
Sandpiper Columbus LLC
Buckeye Hospitality Crosswoods
Grant Deed
$15,500,000 · Private Individual
Nov 20, 2014
—
Buckeye Hospitality Crosswoods
—
Grant Deed
related
$2,807,595 · Community Dev Commission
Jul 1, 2013
—
Buckeye Hospitality Crosswoods
Pontifical College Josephinum
Warranty Deed
related
—
Mar 17, 2010
$1,527,100
Prescott Place LLC
Pontifical College Josephinum
Warranty Deed
$13,229,900 · Red Mortgage Capital INC
—
—
Buckeye Hospitality Crosswoods
—
Deed Of Trust
related
$2,807,595 · First Bexley Bank
—
—
Buckeye Hospitality Crosswoods
—
Deed Of Trust
related
$1,965,316 · First Bexley Bank
—
—
Buckeye Hospitality Crosswoods
—
Deed Of Trust
related
$2,807,595 · First Fin'l Bk&tr
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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