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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Motels
909 State St, Westerville, OH 43081-3346
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-5943647
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1983
Construction
WOOD
Total area
14,976 SF
Lot
2.52 ac (109,815 SF)
APN
080-008789
UPID
US66-5943647
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
-
Red Roof Inn Columbus Northeast - Westerville Hotel & Motel
-
myiers store Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Kings Island Hospitality INC · 11 yrs held
Kings Island Hospitality INC
since 2015
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 Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville 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%
$1,510,000
6.5%
$1,395,000
7%
$1,295,000
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$67 / 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
$48,996
Tax year 2023
Assessed value
$596,440
Assessed 2023
Previous assessed
$630,010
-5.3% YoY
Effective rate
8.21%
On assessed value
Assessed land
$198,310
Assessed improvement
$398,130
Land market value
$566,600
Improvement market value
$1,137,500
Total market value
$1,704,100
Applied tax rate
80.0000
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
1983
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
14,976 SF
Lot
2.52 ac (109,815 SF)
APN
080-008789
UPID
US66-5943647
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
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
2.52 ac
Current owner
From public records · entity-resolved
Kings Island Hospitality INC
Entity
Mailing address
909 S STATE ST, WESTERVILLE, OH 43081-3346
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2017
—
Kings Island Hospitality INC
—
Deed
related
$2,700,000 · Wrightpatt Cu INC
Jan 5, 2015
$1,180,000
Kings Island Hospitality INC
Marion Inv Co Number Four LLC
Grant Deed
$2,010,000 · Fahey Bkng
Nov 15, 2011
—
Marion Investment Co Four LLC
A & N Hospitality Ltd
Warranty Deed
—
Jun 19, 2008
$2,266,000
A & N Hospitality Ltd
Westerville Core Hotel LLC
Grant Deed
$1,912,500 · Fahey Bkng
Mar 14, 2005
—
Westerville Core Hotel LLC
Core Investments LLC
Warranty Deed
$1,950,000 · City National Bank Of West Virginia
Feb 15, 2005
$100,000
Kenney,donald R Tr
Core Investments LLC
Grant Deed
—
Jan 3, 2005
$1,100,000
Core Investments LLC
Downtown Clark LLC
Grant Deed
$1,670,231 · National Cty Bk/nw
Dec 31, 2003
$1,415,500
Downtown Clark LLC
Cci Management INC
Grant Deed
—
Dec 31, 2003
—
Downtown Clark LLC
—
Deed Of Trust
related
$3,270,000 · Greenfield Commercial Credit
Sep 11, 2003
$1,312,300
Holding Corp Of Ohio
Cross Country Inns LLC
Grant Deed
—
Sep 11, 2003
—
Cci Management INC
Holding Corp Of Ohio
Grant Deed
related
—
Aug 28, 1998
—
Cross Country Inns LLC
Donald R Kenney Trustee
Grant Deed
related
—
—
—
South High Hotel LLC
—
Deed Of Trust
related
$1,912,500 · Fahey Bkng
—
—
Kings Island Hospitality INC
—
Deed Of Trust
related
$2,700,000 · Wrightpatt Cu INC
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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