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Property profile & analytics
OFF-MARKET
Estimated value
$4,140,000
Hotels
8865 Lyra Dr Columbus, OH 43240-2106
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-3083876
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2013
Total area
76,746 SF
Lot
2.9 ac (126,455 SF)
APN
318-431-01-018-001
UPID
US66-3083876
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
-
Residence Inn Columbus Polaris Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.14M
Owner & transaction history
Polaris Sl LLC · 9 yrs held
Polaris Sl LLC
since 2016
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$54 / 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
$181,198
Tax year 2023
Assessed value
$2,669,740
Assessed 2023
Previous assessed
$2,224,500
+20.0% YoY
Effective rate
6.79%
On assessed value
Assessed land
$447,060
Assessed improvement
$2,222,680
Land market value
$1,277,300
Improvement market value
$6,350,500
Total market value
$7,627,800
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
2013
Heating
YES
Cooling
YES
Stories
3
Total area
76,746 SF
Lot
2.9 ac (126,455 SF)
APN
318-431-01-018-001
UPID
US66-3083876
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
2013
Heating
YES
Cooling
Yes
Stories
3
Lot
2.9 ac
Current owner
From public records · entity-resolved
Polaris Sl LLC
Entity
Free & Clear · 9 yrs held
Mailing address
8865 LYRA DR, COLUMBUS, OH 43240-2106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Apr 3, 2025
—
R I Heritage Inn Of Polaris LLC
—
Deed
related
$3,132,675 · Dacotah Bank
Mar 23, 2020
—
Ri Heritage Inn Of Polaris LLC
—
Deed
related
$3,132,674 · Dacotah Bank
Sep 7, 2018
—
Ri Heritage Inn Of Polaris LLC
—
Grant Deed
related
$7,900,000 · Dacotah Bk
Jul 22, 2016
—
Polaris Sl LLC
Np LP
Grant Deed
related
—
Feb 8, 2016
—
Polaris Sb LLC
Np LP
Warranty Deed
related
—
Dec 23, 2015
$2,100,100
Pacific Heritage Holdings Corp
Polaris Courtyard LLC
Grant Deed
related
—
Apr 18, 2013
—
Ri Heritage Inn Of Polaris LLC
—
Deed Of Trust
related
$8,100,000 · Wells Fargo Bank
Sep 18, 2012
—
Np LP
Polaris Courtyard LLC
Grant Deed
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.
Try Rey
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