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Property profile & analytics
OFF-MARKET
Estimated value
$4,080,000
Hotels
3951 Jackpot Rd, Grove City, OH 43123-8637
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2041810
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Total area
37,924 SF
Lot
1.5 ac (65,427 SF)
APN
040-006397
UPID
US66-2041810
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
-
Holiday Inn Express & Suites Columbus SW-Grove City, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.97M
CAP Approach
CAP
$3.54M
Comparable Approach
Comparable
$4.15M
Blend (final)
Blend
$4.08M
Owner & transaction history
Vimco Hospitality LLC · 6 yrs held
Vimco Hospitality LLC
since 2020
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.3M
+39.7%
Neighborhood: shopping center
$6.2M
+39.0%
Medical building
$5.7M
+27.5%
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 Grove City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grove City 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
$4,450,000
ML approach
$3,965,000
CAP Approach
CAP Return
Estimation
6%
$3,830,000
6.5%
$3,535,000
7%
$3,280,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,475,000
Current use
AUTO REPAIR, GARAGE
$6,255,000
Change: +40% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,220,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$5,705,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$5,675,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,495,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$4,740,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$4.08M
Range $3.67M – $4.49M · ±10% · vs last sale $4.10M (May 21 2020)
Last sale anchor
$4.10M
May 21 2020
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
$108 / 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
$107,235
Tax year 2023
Assessed value
$1,427,650
Assessed 2023
Previous assessed
$1,225,010
+16.5% YoY
Effective rate
7.51%
On assessed value
Assessed land
$160,300
Assessed improvement
$1,267,350
Land market value
$458,000
Improvement market value
$3,621,000
Total market value
$4,079,000
Applied tax rate
40.0000
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
2001
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
37,924 SF
Lot
1.5 ac (65,427 SF)
APN
040-006397
UPID
US66-2041810
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
$4.5M
AUTO REPAIR, GARAGE
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
RETAIL STORES
Est. value
$4.7M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2001
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Vimco Hospitality LLC
Entity
Mailing address
3962 JACKPOT RD, GROVE CITY, OH 43123-8636
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2020
$4,100,000
Vimco Hospitality LLC
Columbus Lodging Associates LLP
Limited Warranty Deed
$6,100,000 · The Ohio Valley Bank Company
Dec 16, 2011
—
Columbus Lodging Assocs LLP
—
Deed Of Trust
related
$5,800,000 · National Republic Bank Chicago
Jul 26, 2010
—
Columbus Lodging Assocs LLP
—
Grant Deed
related
$5,000,000 · National Republic Bank Chicago
Nov 20, 1998
—
Columbus Lodging Associate LLP
—
Deed Of Trust
related
$2,800,000 · National Republic Bank Chicago
Jul 14, 1998
$300,000
Columbus Lodging Associates LP
Jackpot Road Ltd
Grant Deed
—
—
—
Columbus Lodging Assocs LLP
—
Deed Of Trust
related
$36,000,000 · Natixis Real Estate Capital
—
—
Columbus Lodging Assoc LLP
—
Deed Of Trust
related
$315,000 · National Republic Bank Chicago
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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