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Property profile & analytics
OFF-MARKET
Estimated value
$2,605,000
Motels
616 Broad St, Fairborn, OH 45324-5242
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-6118122
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Total area
37,864 SF
Lot
1.99 ac (86,859 SF)
Zoning code
B-3
APN
A02-0001-0004.0-0031.00
UPID
US66-6118122
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
-
Quality Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.61M
Owner & transaction history
Srp Surya Hospitality LLC · 6 yrs held
Srp Surya Hospitality LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-3 · Fairborn, 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 Fairborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairborn 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,525,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,195,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,355,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,340,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,195,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,865,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.61M
Range $2.34M – $2.87M · ±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
$69 / 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
$22,797
Tax year 2023
Assessed value
$390,910
Assessed 2023
Previous assessed
$297,500
+31.4% YoY
Effective rate
5.83%
On assessed value
Assessed land
$83,810
Assessed improvement
$307,100
Land market value
$239,450
Improvement market value
$877,430
Total market value
$1,116,880
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1987
Heating
NONE
Total area
37,864 SF
Lot
1.99 ac (86,859 SF)
Zoning code
B-3
APN
A02-0001-0004.0-0031.00
UPID
US66-6118122
Jurisdiction
GREENE
Zoning & alternative use
B-3 · Fairborn, OH
Zoning B-3 · permitted uses
B-3 · Fairborn, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairborn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.5M
RESTAURANT
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1987
Heating
NONE
Lot
1.99 ac
Current owner
From public records · entity-resolved
Srp Surya Hospitality LLC
Entity
Mailing address
616 N BROAD ST, FAIRBORN, OH 45324-5242
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Dec 20, 2019
$1,200,000
Srp Surya Hospitality LLC
Sasikala Vemulapallai
Warranty Deed
$1,731,200 · Celtic Bank Corporation
Jul 18, 2017
—
Sasikala Vemulapallai
Durga LLC
Quit Claim Deed
related
—
May 28, 2014
$650,100
Durga LLC
Abc Hospitality LLC
Warranty Deed
—
Apr 21, 2014
$1,206,000
Abc Hospitality LLC
Sheriff Of Greene County
Trustees Deed
related
—
Mar 3, 2006
—
Grewal Ents LLC
Sohi,samerjit & Parminder
Warranty Deed
$2,400,000 · Central Bank & Trust
Mar 3, 2006
$3,000,000
Parminder Sohi
Sojourn Fairborn Ltd
Grant Deed
—
Apr 27, 1999
—
Sojourn Fairborn Ltd
—
Deed Of Trust
related
$2,000,000 · Firstmerit Bank NA
—
—
Sojourn Fairborn Ltd
—
Deed Of Trust
related
$8,000,000 · First National Bank Ohio
—
—
Sojourn Fairborn Ltd
—
Deed Of Trust
related
$20,900,000 · Firstmerit Bank NA
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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