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Property profile & analytics
FOR LEASE
Motels
902 Scott Dr Piqua, OH 45356
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2027668
For Lease
1 / 2
$2,290,000
902 Scott Dr, Piqua, OH 45356
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1964
Total area
53,372 SF
Lot
10.75 ac (468,270 SF)
APN
N44-072956
UPID
US66-2027668
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
-
gaj murti hotels Vacation Rental Hotel & Motel
-
JEOVA High School
-
Speedway Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
The Piqua Improvement Corporation · 1 yrs held
The Piqua Improvement Corporation
since 2024
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 Piqua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piqua 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
$1,700,000
ML approach
$1,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,590,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,175,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.29M
Range $2.06M – $2.52M · ±10% · vs last sale $2.84M (Feb 4 2026)
Last sale anchor
$2.84M
Feb 4 2026
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
$43 / 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
$16,326
Tax year 2023
Assessed value
$278,040
Assessed 2023
Previous assessed
$278,040
+0.0% YoY
Effective rate
5.87%
On assessed value
Assessed land
$57,820
Assessed improvement
$220,220
Land market value
$165,200
Improvement market value
$629,200
Total market value
$794,400
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
For Lease
Year built
1964
Heating
YES
Cooling
YES
Stories
1
Total area
53,372 SF
Lot
10.75 ac (468,270 SF)
APN
N44-072956
UPID
US66-2027668
Jurisdiction
MIAMI
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
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1964
Heating
YES
Cooling
Yes
Stories
1
Lot
10.75 ac
Current owner
From public records · entity-resolved
The Piqua Improvement Corporation
Entity
Mailing address
201 W WATER ST, PIQUA, OH 45356-2235
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2025
—
Bucyrus Lodging INC
—
Deed
related
$6,600,000 · The Farmers & Merchants State Bank
Dec 13, 2024
—
The Piqua Improvement Corporation
The City Of Piqua
Deed
—
Dec 13, 2024
$650,000
Bucyrus Lodging INC
Basis Piqua LLC
Deed
—
Dec 13, 2024
$2,145,000
Basis Piqua LLC
The Piqua Improvement Corporation
Deed
—
Oct 24, 2023
$1,800,000
City Of Piqua
Gaj Murti Hotels INC
Warranty Deed
—
Feb 24, 2023
—
Gas Murti Hotels INC
—
Deed
related
$120,000 · Rion And Rion I Pa INC
May 31, 2007
$950,000
Gaj Murti Hotels INC
Piqua Hospitality INC
Grant Deed
related
$840,000 · Seller
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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