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Property profile & analytics
OFF-MARKET
Estimated value
$9,515,000
Hotels
75 State St Columbus, OH 43215-4203
Entity Owned
Free & Clear
Property ID
US66-0106553
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1983
Total area
75,697 SF
Lot
1.22 ac (53,274 SF)
APN
010-020200
UPID
US66-0106553
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
-
Plaza Restaurant and Lounge Restaurant
-
The Plaza Hotel Columbus at Capitol Square Hotel & Motel
-
T. William Evans DDS MD FACS Medical Clinic
-
SP+ Parking Parking Lot & Garage
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.50M
CAP Approach
CAP
$5.98M
Comparable Approach
Comparable
$8.78M
Blend (final)
Blend
$9.52M
Owner & transaction history
Adlife Human Services INC
Adlife Human Services INC
since 2025
Last sale
$9.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.0M
+37.1%
Apartment house (5+ units)
$11.0M
+25.3%
Office building
$10.7M
+22.4%
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
$9,960,000
ML approach
$9,500,000
CAP Approach
CAP Return
Estimation
6%
$6,470,000
6.5%
$5,975,000
7%
$5,550,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,755,000
Current use
AUTO REPAIR, GARAGE
$12,005,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,975,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$10,720,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$10,220,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,910,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,180,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$9.52M
Range $8.56M – $10.47M · ±10% · vs last sale $9.66M (Nov 2 2023)
Last sale anchor
$9.66M
Nov 2 2023
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
$126 / 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
$241,241
Tax year 2023
Assessed value
$3,302,500
Assessed 2023
Previous assessed
$3,302,500
+0.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$1,392,720
Assessed improvement
$1,909,780
Land market value
$3,979,200
Improvement market value
$5,456,500
Total market value
$9,435,700
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
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
1983
Heating
YES
Cooling
NONE
Buildings
1
Stories
21
Total area
75,697 SF
Lot
1.22 ac (53,274 SF)
APN
010-020200
UPID
US66-0106553
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
$8.8M
AUTO REPAIR, GARAGE
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.0M
OFFICE BUILDING
Est. value
$10.7M
MEDICAL BUILDING
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1983
Heating
YES
Cooling
Yes
Stories
21
Buildings
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Adlife Human Services INC
Entity
Free & Clear · 0 yrs held
Mailing address
6925 VLY VW LN, DALLAS, TX 75240-5502
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
$11,000,000
Adlife Human Services INC
Ohio Joseph Investment LLC
Warranty Deed
—
Nov 2, 2023
$9,662,700
Ohio Joseph Investments LLC
Hotel 75 E State LP
Limited Warranty Deed
—
Sep 1, 2017
—
Hotel 75 E State LP
—
Loan Modification
related
$372,775,000 · Bank Of America
Apr 26, 2017
—
Hotel 75 E State Opco LP
—
Grant Deed
related
$186,711,305 · Bank Of America
Dec 23, 2016
—
Hotel 75 E State LP
—
Loan Modification
related
$185,922,870 · Bank Of America
Sep 1, 2016
—
Hotel 75 E State LP
—
Deed
related
$53,048,880 · Bank Of America
Aug 16, 2016
$20,925,000
Hotel 75 E State LP
75 East State LLC
Grant Deed
related
—
Sep 26, 2014
—
75 East State LLC
—
Grant Deed
related
$48,000,000 · Wells Fargo Bk
Aug 16, 2012
—
75 East State LLC
—
Deed Of Trust
related
$42,000,000 · Natixis Real Estate Capital
Sep 8, 2011
$19,500,000
75 East State LLC
Hertz Columbus Two LLC
Grant Deed
—
Sep 18, 2007
$30,000,000
Hertz Columbus Two LLC
Axa Equitable Life Ins
Grant Deed
$32,000,000 · Lasalle National Bank
Oct 6, 1998
—
Equitable Life Assurance Socie
Columbus City (oh)
Grant Deed
related
—
—
—
Hotel 75 E State LP
—
Deed Of Trust
related
$53,048,880 · Bank Of America
—
—
Hertz Columbus Two LLC
—
Deed Of Trust
related
—
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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