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Property profile & analytics
OFF-MARKET
Estimated value
$12,310,000
Hotels
8700 Lyra Dr Columbus, OH 43240-2103
Entity Owned
19-yr Hold
Free & Clear
Property ID
US66-1246724
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Total area
217,703 SF
Lot
8.55 ac (372,438 SF)
APN
318-434-01-027-003
UPID
US66-1246724
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
-
Hilton Columbus/Polaris Hotel & Motel
-
Dumpster Express LLC Waste Management Facility Hazardous Waste Disposal
-
8700 Lyra Drive Parking Parking Lot & Garage
-
17 Arrows Craft Kitchen +Bar Grocery & Convenience Store Food Market
-
Encore Rental Equipment Company Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.31M
Owner & transaction history
Polaris Em LLC · 19 yrs held
Polaris Em LLC
since 2007
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%
$18,615,000
6.5%
$17,180,000
7%
$15,955,000
Blend value · Realmo final
$12.31M
Range $11.08M – $13.54M · ±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
$57 / 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
$576,805
Tax year 2023
Assessed value
$8,498,560
Assessed 2023
Previous assessed
$7,245,010
+17.3% YoY
Effective rate
6.79%
On assessed value
Assessed land
$1,220,940
Assessed improvement
$7,277,620
Land market value
$3,488,400
Improvement market value
$20,793,200
Total market value
$24,281,600
Applied tax rate
45.0000
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
2006
Heating
YES
Cooling
YES
Stories
8
Total area
217,703 SF
Lot
8.55 ac (372,438 SF)
APN
318-434-01-027-003
UPID
US66-1246724
Jurisdiction
DELAWARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2006
Heating
YES
Cooling
Yes
Stories
8
Lot
8.55 ac
Current owner
From public records · entity-resolved
Polaris Em LLC
Entity
Free & Clear · 19 yrs held
Mailing address
8700 LYRA DR, COLUMBUS, OH 43240-2103
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
—
Np Platinum Hotel LLC
—
Deed
related
$48,360,000 · Us Bank NA
Feb 9, 2024
—
Np Platinum Hotel LLC
—
Deed
related
$38,621,733 · Us Bank NA
Aug 9, 2018
—
Np Platinum Hotel LLC
—
Grant Deed
related
$37,500,000 · Us Bk
Sep 1, 2016
—
Np Platinum Hotel LLC
—
Deed
related
$37,500,000 · Us Bk
Nov 6, 2012
—
Np Platinum Hotel LLC
—
Deed Of Trust
related
$2,150,513 · Us Bank NA
Aug 18, 2010
—
Np Platinum Hotel LLC
—
Deed Of Trust
related
$24,000,000 · Us Bank NA
May 30, 2007
—
Polaris Em LLC
Np
Grant Deed
related
—
Dec 29, 2006
—
Np Platinum Hotel LLC
Polaris Full Service Hotel LLC
Warranty Deed
$35,500,000 · Hall Columbus Lender LLC
—
—
Np Platinum Hotel LLC
—
Deed Of Trust
related
$1,460,000 · Np/rcp Hotel Capital LLC
—
—
Np Platinum Hotel LLC
—
Deed Of Trust
related
$37,500,000 · Us Bk
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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