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    6349 Winchester Blvd Canal Winchester, OH 43110-2062
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    Property profile & analytics

    6349 Winchester Blvd Canal Winchester, OH 43110-2062

    View on Map
    • Hotels
    • 48,192 SF
    • 2.28 lot acres
    Off-Market
    Property ID
    US66-5298558
    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
    $3,875,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fairfield Inn & Suites by Marriott Columbus Canal Winchester / Hotel & Motel

    Property Details for 6349 Winchester Blvd

    Year built
    2020
    Construction
    WOOD
    Lot size
    2.28 lot acres
    Property size
    48,192 SF
    Property type
    Hotels
    APN
    184-003286
    APU
    184003286

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,865,000
      6.5%
      $4,490,000
      7%
      $4,170,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $5,685,000
      Current use
      RETAIL STORES
      $6,025,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Canal Winchester
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8338
    Latitude
    39.8531
    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
    $13,083
    $147,880
    $2,928,520
    $3,076,400
    -
    $422,500
    $8,367,200
    $8,789,700

    Comparable in this City

    • Value Estimation
      $4,690,000
      64,340 SF

      700 Waterloo St

      HOTEL • 64,340 SF
      700 Waterloo St, Canal Winchester, OH 43110-1092
      View Details
    • Value Estimation
      $1,630,000
      26,386 SF

      6323 Prentiss School Pl

      HOTEL • 26,386 SF
      6323 Prentiss School Pl, Canal Winchester, OH 43110-2037
      View Details
    • Value Estimation by Request
      25.87 Acres

      Hill Rd

      Land • 25.87 Acres
      0 Hill Rd, Canal Winchester, OH 43110
      View Details
    • Value Estimation by Request
      1.69 Acres

      9845 Basil Western Rd

      Farms • 1.69 Acres
      9845 Basil Western Rd, Canal Winchester, OH 43110
      View Details
    • Value Estimation by Request
      39.76 Acres

      5424 Bixby Rd

      Farms • 39.76 Acres
      5424 Bixby Rd, Canal Winchester, OH 43110
      View Details
    • Value Estimation by Request
      3.27 Acres

      Groveport Rd

      INDUSTRIAL - VACANT LAND • 3.27 Acres
      Groveport Rd, Canal Winchester, OH 43110
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      25.87 Acres Development Opportunity

      Land entitled for residential units and assisted living facility.
      Hill Rd, Pickerington, OH 43110
      View Details
    • $7,952,400

      Redevelopment Land For Sale

      39.762 +/- acres of redevelopment land in Canal Winchester, Ohio.
      5424 Bixby Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      527,023 SF

      Class A Logistics Facility

      527,023 SF logistics facility in high-growth Columbus market.
      6085 Winchester Pike, Canal Winchester, OH 43110
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      Land for Development Opportunities

      Prime land available for restaurant, retail, hotel, and medical uses.
      Winchester Pike Out Lots, Columbus, OH 43110
      View Details
    • $645,000
      17.52 Acres

      Wooded Land with Pole Barn

      17.5-acre wooded property with stream and pole barn.
      Sitterley Rd NW, Canal Winchester, OH 43110
      View Details
    • Contact for pricing

      Commercial Land Near Route 33

      1.69 acres of commercial land near high-traffic area.
      9845 Basil Western Rd, Canal Winchester, OH 43110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      143,000 SF

      Industrial Space Available for Lease

      Industrial building for lease with tax abatement and planned improvements.
      7415 Basil Western Rd NW, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      2,056 SF

      Retail Space Near US Route 33

      New retail development site anchored by Meijer in high-growth area.
      7740 Diley Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      94,000 SF

      Mixed-Use Development Near Highway 33

      Mixed-use development in high-growth area near Canal Winchester and Pickerington.
      8565 Diley Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing

      Medical Office Building Near US-33

      Medical office space connected to hospital services, near US-33.
      7901 Diley Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in High-Traffic Area

      Retail space available in a high-traffic location.
      3506-3648 Gender Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing

      Mixed-Use Development Land Available

      35-acre mixed-use development site in a high-growth area.
      Canal Winchester Oh, Canal Winchester, OH 43110
      View Details
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    Canal Winchester, OH 43110-2062
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    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
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