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Property profile & analytics
OFF-MARKET
Estimated value
$11,980,000
Hotels
3900 Chagrin Dr Columbus, OH 43219-7100
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1798349
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2005
Total area
153,276 SF
Lot
9.75 ac (424,710 SF)
APN
010-247206
UPID
US66-1798349
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
-
Cardtronics ATM Atm
-
Encore Rental Equipment Company Tech Support Center
-
Tesla Destination Charger Electric Vehicle Charging Station
-
3900 Chagrin Dr Parking Parking Lot & Garage
-
Hilton Columbus at Easton Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.10M
Comparable Approach
Comparable
$9.39M
Blend (final)
Blend
$11.98M
Owner & transaction history
Columbus Easton Hotel LLC · 10 yrs held
Columbus Easton Hotel LLC
since 2016
6 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%
$13,105,000
6.5%
$12,095,000
7%
$11,235,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$17,735,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,565,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$11.98M
Range $10.78M – $13.18M · ±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
$78 / 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
$1,864,751
Tax year 2023
Assessed value
$25,527,720
Assessed 2023
Previous assessed
$20,111,010
+26.9% YoY
Effective rate
7.30%
On assessed value
Assessed land
$2,883,800
Assessed improvement
$22,643,920
Land market value
$8,239,400
Improvement market value
$64,696,900
Total market value
$72,936,300
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
2005
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Total area
153,276 SF
Lot
9.75 ac (424,710 SF)
APN
010-247206
UPID
US66-1798349
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
$17.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.6M
HOTEL/MOTEL Current
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
2005
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
9.75 ac
Current owner
From public records · entity-resolved
Columbus Easton Hotel LLC
Entity
Mailing address
654 MADISON AVE, NEW YORK, NY 10065-8404
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2016
—
Columbus Easton Hotel LLC
—
Deed
related
$60,000,000 · * Other Institutional Lenders
Jun 23, 2016
—
Columbus Easton Hotel LLC
—
Deed
related
$60,000,000 · * Other Institutional Lenders
Oct 23, 2012
—
Columbus Easton Hotel III LLC
—
Deed Of Trust
related
$21,000,000 · Ubs R/e Secs
—
—
Columbus Easton Hotel LLC
—
Deed Of Trust
related
$60,000,000 · Ubs R/e Secs
—
—
Columbus Easton Hotel LLC
—
Loan Modification
related
$60,000,000 · * Other Institutional Lenders
—
—
Columbus Easton Hotel LLC
—
Loan Modification
related
$60,000,000 · * Other Institutional Lenders
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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