New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Hotels
4017 Jackpot Rd, Grove City, OH 43123-9739
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2045241
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1994
Construction
WOOD
Total area
25,525 SF
Lot
1.71 ac (74,357 SF)
APN
040-008215
UPID
US66-2045241
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
-
Hampton Inn Columbus-South Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.38M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$2.22M
Owner & transaction history
Sgb Management INC · 23 yrs held
Sgb Management INC
since 2003
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.2M
+5.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,575,000
6.5%
$2,380,000
7%
$2,210,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,010,000
Current use
RETAIL STORES
$3,190,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±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
$87 / 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
$164,933
Tax year 2023
Assessed value
$2,195,800
Assessed 2023
Previous assessed
$1,662,500
+32.1% YoY
Effective rate
7.51%
On assessed value
Assessed land
$322,530
Assessed improvement
$1,873,270
Land market value
$921,500
Improvement market value
$5,352,200
Total market value
$6,273,700
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
1994
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
25,525 SF
Lot
1.71 ac (74,357 SF)
APN
040-008215
UPID
US66-2045241
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
$3.0M
RETAIL STORES
Est. value
$3.2M
HOTEL/MOTEL Current
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
1994
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Sgb Management INC
Entity
Mailing address
2600 VIRGINIA AVE NW STE #209, WASHINGTON, DC 20037-1945
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2019
—
Sgb Management INC
—
Deed
related
$600,000 · Heartland Bank
Sep 21, 2012
—
Sgb Management INC
—
Grant Deed
related
$4,560,225 · Heartland Bank
Jan 7, 2003
$3,600,000
Sgb Management INC
Grand Valley LP
Grant Deed
$1,980,000 · First National Bank
Jun 12, 1998
$437,500
Grand Valley LP
Patel,nanubhai
Trustees Deed
—
Jun 12, 1998
—
Champak T Patel
Nbc Partnership
Quit Claim Deed
related
$2,800,000 · First American Bank NA
Jun 12, 1998
$175,000
Grand Valley LP
Patel,dharmesh B
Trustees Deed
—
Jun 12, 1998
$525,000
Grand Valley LP
Patel,ballubhai R
Trustees Deed
—
—
—
Sgb Management INC
—
Deed Of Trust
related
$1,742,000 · Hcdc INC
—
—
Sgb Management INC
—
Deed Of Trust
related
$3,600,000 · Heartland Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4017 Jackpot Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
