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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Motels
887 Morse Rd Columbus, OH 43229-6208
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-5822052
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Construction
WOOD
Total area
43,992 SF
Lot
2.36 ac (102,714 SF)
APN
010-103360
UPID
US66-5822052
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
-
Baymont Inn and Suites by Wyndham Columbus / Near OSU Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
$3.28M
Comparable Approach
Comparable
$3.81M
Blend (final)
Blend
$2.84M
Owner & transaction history
Akshar Hotels INC · 4 yrs held
Akshar Hotels INC
since 2022
Last sale
$2.8M
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
$2,895,000
ML approach
$2,960,000
CAP Approach
CAP Return
Estimation
6%
$3,550,000
6.5%
$3,280,000
7%
$3,045,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,720,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,270,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $2.75M (Jan 12 2022)
Last sale anchor
$2.75M
Jan 12 2022
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
$65 / 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
$84,085
Tax year 2023
Assessed value
$1,115,810
Assessed 2023
Previous assessed
$1,003,670
+11.2% YoY
Effective rate
7.54%
On assessed value
Assessed land
$359,420
Assessed improvement
$756,390
Land market value
$1,026,900
Improvement market value
$2,161,100
Total market value
$3,188,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Rooms
5
Bathrooms
1
Total area
43,992 SF
Lot
2.36 ac (102,714 SF)
APN
010-103360
UPID
US66-5822052
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
RETAIL STORES
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES
COMMERCIAL (GENERAL)
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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Rooms
5
Bathrooms
1
Lot
2.36 ac
Current owner
From public records · entity-resolved
Akshar Hotels INC
Entity
Mailing address
887 MORSE RD, COLUMBUS, OH 43229-6208
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
$2,100,000
Akshar Hotels INC
The Lodge On Tara Blvd LLC
Warranty Deed
$2,286,000 · Celtic Bank Corporation
Dec 29, 2021
$1,800,000
The Lodge On Tara Blvd LLC
Columbus Extend A Suites LLC
Warranty Deed
$1,574,312 · Columbus Extend A Suites LLC
Jul 17, 2018
—
Columbus Extend-a-suites LLC
—
Deed
related
$222,000 · Greg Schockey
Jul 26, 2017
—
Columbus Extend-a-suites LLC
—
Deed
related
$300,000 · Sterling Rsrc Mgmt INC
Mar 13, 2017
—
Columbus Extend-a-suites LLC
—
Deed
related
$50,000 · Dk Prop Mgmt Associates LLC
Sep 9, 2016
—
Columbus Extend A Suites LLC
—
Deed
related
$150,000 · Sterling Resource Management INC
Jan 15, 2016
$774,900
Columbus Extend-a-suites LLC
Partners Lodge LLC
Warranty Deed
—
Apr 30, 2013
$680,000
Partners Lodge LLC
887 Morse Road LLC
Warranty Deed
$680,000 · 887 Morse Road LLC
Jun 5, 2012
—
887 Morse Road LLC
—
Trustees Deed
related
$630,000 · West Coast Lndg Group INC
Feb 8, 2012
$873,240
887 Morse Road LLC
Sheriff Of Franklin County
Trustees Deed
related
—
Aug 15, 2008
$2,350,000
Universal Hospitality LLC
Skyline Hospitality LLC
Grant Deed
$2,000,000 · Community South Bank
Feb 25, 2005
$2,150,000
Skyline Hospitality LLC
Fairfield Inn By Marriott
Grant Deed
$1,800,000 · Community South Bank
Sep 21, 2004
—
Fairfield Inn
Big Boy Properties INC
Grant Deed
related
—
—
—
Columbus Extend-a-suites LLC
—
Loan Modification
related
$300,000 · Sterling Rsrc Mgmt INC
—
—
Columbus Extend-a-suites LLC
—
Deed Of Trust
related
$50,000 · Dk Prop Mgmt Associates LLC
—
—
Columbus Extend-a-suites LLC
—
Deed Of Trust
related
$222,000 · Greg Schockey
—
—
Columbus Extend-a-suites LLC
—
Deed Of Trust
related
$163,000 · Greg Schockey
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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