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Property profile & analytics
OFF-MARKET
Estimated value
$8,110,000
Hotels
8805 Orion Pl Columbus, OH 43240-3201
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-4062782
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Total area
108,742 SF
Lot
5.95 ac (259,269 SF)
APN
318-442-02-026-003
UPID
US66-4062782
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
-
Drury Inn & Suites Columbus Polaris Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.58M
Comparable Approach
Comparable
$5.11M
Blend (final)
Blend
$8.11M
Owner & transaction history
Drury Southwest INC · 8 yrs held
Drury Southwest INC
since 2017
6 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%
$9,295,000
6.5%
$8,580,000
7%
$7,970,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,580,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,755,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$11,670,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$8.11M
Range $7.30M – $8.92M · ±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
$75 / 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
$441,023
Tax year 2023
Assessed value
$6,497,960
Assessed 2023
Previous assessed
$5,547,750
+17.1% YoY
Effective rate
6.79%
On assessed value
Assessed land
$1,041,600
Assessed improvement
$5,456,360
Land market value
$2,976,000
Improvement market value
$15,589,600
Total market value
$18,565,600
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
2018
Heating
YES
Cooling
YES
Buildings
2
Stories
7
Total area
108,742 SF
Lot
5.95 ac (259,269 SF)
APN
318-442-02-026-003
UPID
US66-4062782
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$12.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.8M
RETAIL STORES
Est. value
$11.7M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2018
Heating
YES
Cooling
Yes
Stories
7
Buildings
2
Lot
5.95 ac
Current owner
From public records · entity-resolved
Drury Southwest INC
Entity
Free & Clear · 8 yrs held
Mailing address
8805 ORION PL, COLUMBUS, OH 43240-3201
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2019
—
Drury Southwest INC
—
Grant Deed
related
$22,590,000 · Webanco Bk INC
Aug 21, 2017
$3,000,000
Drury Southwest INC
Opfree Re Investments Ltd
Grant Deed
—
Apr 11, 2013
—
Mcgraw-hill School Education L
Mcgraw-hill Global Education L
Quit Claim Deed
—
Jan 15, 2013
—
Mcgraw-hill Education LLC
Mcgraw-hill Companies INC
Quit Claim Deed
related
—
—
—
Mcgraw-hill School Education
—
Deed Of Trust
related
$500,000 · Bank Of Montreal
—
—
Mcgraw-hill School Education L
—
Deed Of Trust
related
$550,000 · Bank Of Montreal
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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