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Property profile & analytics
OFF-MARKET
Estimated value
$30,560,000
Hotels
400 High St Fl Columbus, OH 43215-2076
Individually Owned
4-yr Hold
Free & Clear
Property ID
US66-1198365
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2021
Total area
470,630 SF
Lot
0.57 ac (24,916 SF)
APN
010-300577
UPID
US66-1198365
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
-
Mid-America Restaurant Expo Restaurant
-
Indian Cusine Restaurant
-
PSAV Rental Equipment Company Tech Support Center
-
SegAway Tours of Columbus Tour Operator (Bike/Boat/Book/etc) Store
-
400 n high St Columbus convention centre Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.56M
Owner & transaction history
Franklin Cnty Convention Facilities · 4 yrs held
Franklin Cnty Convention Facilities
since 2021
1 recorded transaction
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%
$40,240,000
6.5%
$37,145,000
7%
$34,490,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$50,865,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$30.56M
Range $27.50M – $33.62M · ±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
$65 / 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
$2,684,455
Tax year 2023
Assessed value
$36,749,160
Assessed 2023
Previous assessed
$12,608,580
+191.5% YoY
Effective rate
7.30%
On assessed value
Assessed land
$436,030
Assessed improvement
$36,313,130
Land market value
$1,245,800
Improvement market value
$103,751,800
Total market value
$104,997,600
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
2021
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
29
Total area
470,630 SF
Lot
0.57 ac (24,916 SF)
APN
010-300577
UPID
US66-1198365
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$50.9M
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
2021
Heating
YES
Cooling
Yes
Stories
29
Buildings
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Franklin Cnty Convention Facilities
Individual
Free & Clear · 4 yrs held
Mailing address
400 N HIGH ST FL, COLUMBUS, OH 43215-2076
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2021
—
Franklin Cnty Convention Facilities
City Of Columbus
Quit Claim Deed
related
—
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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