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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Hotels
701 Hudson St Columbus, OH 43211-1034
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-5823766
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Total area
37,736 SF
Lot
1.24 ac (54,189 SF)
APN
010-076919
UPID
US66-5823766
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
-
Sports Bar & Pub
-
Holiday Inn Express Columbus - Ohio Expo Center, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.58M
Owner & transaction history
Franklin Hotel Group LLC · 7 yrs held
Franklin Hotel Group LLC
since 2018
7 recorded transactions
Zoning & alternative use
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 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%
$3,225,000
6.5%
$2,980,000
7%
$2,765,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,080,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±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
$68 / 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
$132,168
Tax year 2023
Assessed value
$1,809,330
Assessed 2023
Previous assessed
$735,000
+146.2% YoY
Effective rate
7.30%
On assessed value
Assessed land
$114,660
Assessed improvement
$1,694,670
Land market value
$327,600
Improvement market value
$4,841,900
Total market value
$5,169,500
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
4
Total area
37,736 SF
Lot
1.24 ac (54,189 SF)
APN
010-076919
UPID
US66-5823766
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
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
4
Buildings
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Franklin Hotel Group LLC
Entity
Mailing address
1039 STIMEL DR, CONCORD, CA 94518-3948
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2022
—
Franklin Hotel Group LLC
—
Deed
related
$1,602,800 · United States Small Business Admin
Jul 31, 2018
$5,113,000
Franklin Hotel Group LLC
Knt LLC
Warranty Deed
$5,119,100 · First Federal Bank Of The Midwest
Oct 23, 2017
—
Knt LLC
—
Deed
related
$300,000 · Noa Bank
Jan 3, 2017
—
Knt LLC
Kirti Agashi
Quit Claim Deed
related
$4,457,000 · Noa Bank
Nov 15, 2006
$3,475,000
Patel Family Trust
71-hudson Partners
Warranty Deed
$2,062,500 · General Electric Capital Corp
Nov 2, 2000
—
71-hudson Partners
J A S Group INC
Grant Deed
$2,800,000 · Ohio Bank
—
—
Patel Family Trust
—
Deed Of Trust
related
$2,062,500 · General Electric Capital Corp
—
—
71 Hudson Partners
—
Deed Of Trust
related
$2,600,000 · Commercial Savings Bank
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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