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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7474 High St Columbus, OH 43235-1446

    • Motels
    • 16,320 SF
    • 2.32 lot acres
    OFF-MARKET
    Last Sale
    Nov 22, 2022
    $2,400,000
    Value Estimations
    $2,515,000
    Show details
    Cap Rate Potential
    3.7%
    Motels
    Location Intelligence
    Property ID
    US66-2593785
    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.

    Current Use by Public Records

    • Motel 6 Columbus, OH - Worthington / Motel / Hotel
    • Scarlet Inn Columbus Ohio / Hotel
    • Days Inn by Wyndham Columbus/Worthington / Hotel / Motel

    Property Details for 7474 High St

    Year built
    1982
    Construction
    WOOD
    Lot size
    2.32 lot acres
    Property size
    16,320 SF
    Zone code
    7474
    Property type
    Motels
    APN
    610-188946
    APU
    610188946

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,530,000
      ML approach
      $2,755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,465,000
      Market price range: $1.41M - $2.70M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,890,000
      Current use
      RESTAURANT
      $3,720,000
      Change: +97% Conversion: Difficult
      OFFICE BUILDING
      $3,070,000
      Change: +63% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,590,000
      Change: +37% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,365,000
      Change: +25% Conversion: Difficult
      MEDICAL BUILDING
      $2,205,000
      Change: +17% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,765,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $1,750,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0154
    Latitude
    40.1157
    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
    $76,053
    $182,670
    $660,000
    $842,670
    -
    $521,900
    $1,885,700
    $2,407,600

    Comparable in this City

    • Value Estimation
      $465,000
      44,412 SF

      7465 High Cross Blvd

      MOTEL • 44,412 SF
      7465 High Cross Blvd, Columbus, OH 43235-1430
      View Details
    • Value Estimation
      $8,290,000
      34,960 SF

      7300 Huntington Park Dr

      MOTEL • 34,960 SF
      7300 Huntington Park Dr, Columbus, OH 43235-5718
      View Details
    • Value Estimation
      $710,000
      26,191 SF

      7500 Vantage Dr

      MOTEL • 26,191 SF
      7500 Vantage Dr, Columbus, OH 43235-8401
      View Details
    • Value Estimation
      $660,000
      44,448 SF

      375 Hutchinson Ave

      MOTEL • 44,448 SF
      375 Hutchinson Ave, Columbus, OH 43235-4690
      View Details
    • Value Estimation
      $655,000
      49,419 SF

      7480 High St

      MOTEL • 49,419 SF
      7480 High St, Columbus, OH 43235-1446
      View Details
    • Value Estimation
      $5,625,000
      26,220 SF

      7272 Huntington Park Dr

      MOTEL • 26,220 SF
      7272 Huntington Park Dr, Columbus, OH 43235-5718
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,344 SF

      Caine Road Office Park Investment

      Columbus Office Complex: 22 Suites, 100% Leased
      6800-6850 Caine Rd, Columbus, OH 43235
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    • $6,500,000

      Worthington Land: 4.71 Acres

      Prime Columbus development land, 205,167 sq ft.
      2074 Hard Rd, Columbus, OH 43235
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    • $420,000
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      Established Medical Practice For Sale

      Long-standing medical practice with ample parking in high retail area.
      2931-3939 Donnylane Blvd, Columbus, OH 43235
      View Details
    • Contact for pricing
      7,970 SF

      Restaurant Sale-Leaseback Investment Opportunity

      NNN lease investment with established restaurant tenant and strong performance.
      3000 Hayden Rd, Columbus, OH 43235
      View Details
    • Contact for pricing

      Retail Space in Dublin, Ohio

      Prime corner location near hospital and major retailers.
      7400-7454 Sawmill Rd, Columbus, OH 43235
      View Details
    • Contact for pricing
      11,200 SF

      Freestanding Restaurant in Prime Location

      Freestanding restaurant at a busy intersection near major retailers.
      3710 W Dublin Granville Rd, Columbus, OH 43235
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      23,371 SF

      Columbus Office Space for Lease

      Prime Office & Retail, Columbus, OH
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      View Details
    • $18 SF/Yr
      8,399 SF

      Dublin Office Building For Lease

      Office building in Dublin with freeway access and visibility.
      2400 Farmers Dr, Columbus, OH 43235
      View Details
    • $16 SF/Yr
      4,089 SF

      Medical Suite in Columbus, Ohio

      4,089 SF medical suite available for lease now.
      8100 Ravines Edge Ct, Columbus, OH 43235
      View Details
    • $18 SF/Yr
      80,000 SF

      Columbus Executive Office Suites

      Prime Columbus location, flexible suites available.
      355 Campus View Blvd, Columbus, OH 43235
      View Details
    • $9 SF/Yr
      71,556 SF

      Columbus Executive Office Suites

      Prime Columbus Office Space Available
      266 Campus View Blvd, Columbus, OH 43235
      View Details
    • $12 SF/Yr
      5,024 SF

      Crosswoods Center Office Space

      Office space in a well-located, nine-story building.
      445 Hutchinson Ave, Columbus, OH 43235
      View Details
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    Columbus, OH 43235-1446
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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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