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Property profile & analytics
OFF-MARKET
Estimated value
$5,920,000
Hotels
6305 Broad St Columbus, OH 43213-1506
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2378900
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Total area
56,828 SF
Lot
3.18 ac (138,564 SF)
APN
520-121081
UPID
US66-2378900
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
-
Holiday Inn Express & Suites Columbus Airport East, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.49M
Comparable Approach
Comparable
$7.58M
Blend (final)
Blend
$5.92M
Owner & transaction history
Lhg Hiex Columbus LLC · 1 yrs held
Lhg Hiex Columbus LLC
since 2025
Last sale
$7.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.0M
+37.1%
Apartment house (5+ units)
$8.2M
+25.3%
Office building
$7.8M
+18.2%
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%
$4,860,000
6.5%
$4,485,000
7%
$4,165,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,575,000
Current use
AUTO REPAIR, GARAGE
$9,010,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,240,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$7,770,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$7,675,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,140,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$6,050,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$5.92M
Range $5.33M – $6.51M · ±10% · vs last sale $7.75M (Jan 15 2025)
Last sale anchor
$7.75M
Jan 15 2025
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
$104 / 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
$184,462
Tax year 2023
Assessed value
$2,589,900
Assessed 2023
Previous assessed
$1,330,010
+94.7% YoY
Effective rate
7.12%
On assessed value
Assessed land
$812,600
Assessed improvement
$1,777,300
Land market value
$2,321,700
Improvement market value
$5,078,000
Total market value
$7,399,700
Applied tax rate
520.0000
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
2001
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Rooms
5
Bathrooms
1
Total area
56,828 SF
Lot
3.18 ac (138,564 SF)
APN
520-121081
UPID
US66-2378900
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
$6.6M
AUTO REPAIR, GARAGE
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
RETAIL STORES
Est. value
$6.1M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Rooms
5
Bathrooms
1
Lot
3.18 ac
Current owner
From public records · entity-resolved
Lhg Hiex Columbus LLC
Entity
Mailing address
570 DELAWARE AVE, BUFFALO, NY 14202-1206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
$7,750,000
Lhg Hiex Columbus LLC
Buffalo 6305 Eb Associates LLC
Deed
$6,525,000 · Lcnb National Bank
Jan 25, 2002
—
Buffalo 6305 Eb Associates LLC
Benderson Trust
Deed Of Trust
related
$3,200,000 · Citicorp USA Corp
Aug 12, 1998
$640,000
Benderson Trust
Rosenblum,robert M
Grant Deed
—
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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