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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Hotels
5875 Hagman Rd Toledo, OH 43612-3877
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-3871199
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Total area
53,306 SF
Lot
2.9 ac (126,299 SF)
Zoning code
10-CO
APN
22-88916
UPID
US66-3871199
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
-
Courtyard Toledo North Hotel & Motel
-
Keyston brothers Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$790k
Owner & transaction history
Surati Investment LLC · 18 yrs held
Surati Investment LLC
since 2007
7 recorded transactions
Zoning & alternative use
10-CO · Toledo, OH
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 Toledo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toledo 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
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$630,000
Current use
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$15 / 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
$187,082
Tax year 2023
Assessed value
$1,970,570
Assessed 2023
Previous assessed
$1,970,570
+0.0% YoY
Effective rate
9.49%
On assessed value
Assessed land
$43,435
Assessed improvement
$1,927,135
Land market value
$124,100
Improvement market value
$5,506,100
Total market value
$5,630,200
Applied tax rate
22.0000
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
2017
Heating
NONE
Stories
4
Total area
53,306 SF
Lot
2.9 ac (126,299 SF)
Zoning code
10-CO
APN
22-88916
UPID
US66-3871199
Jurisdiction
LUCAS
Zoning & alternative use
10-CO · Toledo, OHZoning 10-CO · permitted uses
10-CO · Toledo, OH
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
$630,000
HOTEL/MOTEL Current
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
2017
Heating
NONE
Stories
4
Lot
2.9 ac
Current owner
From public records · entity-resolved
Surati Investment LLC
Entity
Free & Clear · 18 yrs held
Mailing address
500 OPERATIONS DR, NEWPORT NEWS, VA 23602-6989
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Apr 30, 2019
—
Glr Ohio 7 Limited Partnership
—
Deed
related
$12,000 · Fifth Third Bank
Nov 16, 2016
—
Hagman Road Associates LP
—
Deed
related
$7,806,000 · Directions Cu
May 14, 2015
—
Hagman Road Associates LP
—
Deed Of Trust
related
$5,495,025 · Directions Cu
Jun 12, 2014
—
Surati Investment LLC
—
Grant Deed
related
$5,200,000 · Farmers & Merchants St Bk
Dec 12, 2011
—
Surati Investment LLC
—
Deed Of Trust
related
$3,150,000 · Directions Cu
Aug 24, 2007
—
Surati Investment LLC
Shree Avdhut Ptshp Ltd
Quit Claim Deed
related
—
—
—
Hagman Road Associates LP
—
Deed Of Trust
related
$7,806,000 · Directions Cu
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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