Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4026 Jackpot Rd Grove City, OH 43123-9700
    Back to Search
    Property profile & analytics

    4026 Jackpot Rd, Grove City, OH 43123-9700

    View on Map
    • Motels
    • 20,520 SF
    • 1.99 lot acres
    Off-Market
    Property ID
    US66-1527866
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,180,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Best Western Executive Inn / Hotel & Motel
    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Sun Country Highway Charging Station / Electric Vehicle Charging Station

    Property Details for 4026 Jackpot Rd

    Year built
    1990
    Construction
    WOOD
    Lot size
    1.99 lot acres
    Property type
    Motels
    APN
    040-007270
    APU
    40007270

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 12, 2017 — Natraj Corp — Deed · related $1.8M · The Ohio Valley Bank Company
    — — Natraj Corp — Deed Of Trust · related $120k · Heartland Bank
    — — Natraj Corp — Deed Of Trust · related $1.3M · Heartland Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grove City
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0451
    Latitude
    39.8798
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $43,544
    $213,430
    $366,280
    $579,710
    -
    $609,800
    $1,046,500
    $1,656,300

    Comparable in this City

    • Value Estimation
      $1,765,000
      34,888 SF

      3131 Broadway

      MOTEL
      3131 Broadway, Urbancrest, OH 43123-1400
      View Details
    • Value Estimation
      $1,360,000
      16,128 SF

      4055 Jackpot Rd

      MOTEL
      4055 Jackpot Rd, Grove City, OH 43123-9739
      View Details
    • Value Estimation
      $925,000
      16,623 SF

      4029 Marlane Dr

      MOTEL
      4029 Marlane Dr, Grove City, OH 43123-9742
      View Details
    • Value Estimation
      $1,275,000
      15,749 SF

      1900 Stringtown Rd

      MOTEL
      1900 Stringtown Rd, Grove City, OH 43123-2922
      View Details
    • Value Estimation
      $2,220,000
      40,992 SF

      4197 Marlane Dr

      MOTEL
      4197 Marlane Dr, Grove City, OH 43123-2937
      View Details
    • Value Estimation
      $2,320,000
      33,744 SF

      3962 Jackpot Rd

      MOTEL
      3962 Jackpot Rd, Grove City, OH 43123-8636
      View Details

    Similar Nearby for Sale

    • $1,375,000
      2.50 Acres

      Hoover Road Development Site

      Grove City, OH: 2.5-acre prime land
      0 Hoover Rd, Grove City, OH 43123
      View Details
    • Contact for pricing

      Urbancrest Office/Warehouse with Superior Loading

      19,360 SF office/warehouse with excellent highway access.
      3389 Urbancrest Industrial Dr, Urbancrest, OH 43123
      View Details
    • Contact for pricing

      Land with High Visibility

      Commercial land with excellent visibility and high traffic counts.
      3019 Turnberry Ct, Grove City, OH 43123
      View Details
    • Contact for pricing
      3,027 SF

      New Freddy's Build-to-Suit Restaurant

      New 20-year NNN lease Freddy's restaurant for sale.
      4264 Buckeye Pkwy, Grove City, OH 43123
      View Details
    • Contact for pricing

      Land Adjacent to CVS Pharmacy

      Commercial land for sale adjacent to CVS Pharmacy.
      6205 Hoover Rd, Grove City, OH 43123
      View Details
    • $169,000
      0.51 Acres

      Grove City Land with Garages

      Half-acre lot with well, septic, and two garages.
      2782 Sandusky St, Grove City, OH 43123
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space for Rent

      Modern industrial building with flexible layout, ideal for diverse operations.
      4001 Gantz Rd, Grove City, OH 43123
      View Details
    • Contact for pricing

      Modern Office Space For Lease

      Bright office space available for lease.
      1645 Gateway Cir, Grove City, OH 43123
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease.
      1548 Stringtown Rd, Grove City, OH 43123
      View Details
    • Contact for pricing
      5,054 SF

      Flex R&D Space Available

      Flex R&D space available for lease in Grove City.
      1667 Gateway Cir, Grove City, OH 43123
      View Details
    • Contact for pricing
      128,306 SF

      Grove City Warehouse Space Available

      171,506 SF warehouse space for lease in Grove City.
      2200 Southwest Blvd, Grove City, OH 43123
      View Details
    • Contact for pricing
      242,560 SF

      Distribution Warehouse in Grove City

      Class-A distribution warehouse with cross-dock loading near Columbus.
      3500 Centerpoint Dr, Grove City, OH 43123
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4026 Jackpot Rd
    Grove City, OH 43123-9700
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4026 Jackpot Rd, Grove City, OH, 43123
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!