2100 Brice RdReynoldsburg, OH 43068

Property Details for 2100 Brice Rd

Year built

1972

Lot size

7.86 AC

Property size (Sq ft)

76,294 SF

Property type

Hotels

APN

060-001777

APU

60001777

Description

This exceptional investment opportunity presents a 152-key Days Inn located at 2100 Brice Rd, Reynoldsburg, OH 43068. Boasting 60,000 square feet on a 7.86-acre lot, this two-story, concrete block hotel features interior corridors and underwent a complete renovation in 2021. The property includes 200 parking spaces, an outdoor pool, banquet hall, and a restaurant ready for lease. Individual room PTAC units provide climate control. The roof is a combination of pitched shingle and flat rubber. Built in 1972, this stabilized investment offers significant upside potential. The asking price is $5,950,000, translating to $99.17 per square foot and $39,144.74 per key. With a current occupancy rate of 60.4% (as of March 31, 2024), the property generated $2,146,807 in revenue. The property is zoned commercial and sits on a fee simple ownership with APN #060-001777-00 (Franklin County). This Days Inn presents a compelling opportunity for investors seeking a strong return in a desirable location. The property's amenities, recent renovation, and established revenue stream make it an attractive addition to any portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $15,084,368

  6.5%

  $13,924,032

  7%

  $12,929,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,770,871

  Geo Method

  $16,770,871

• Alternative Use

  Use

  Valuation

  Residential

  $15,200,998

  Hospitality

  $13,924,032

  Educational

  $11,584,631

  Medical

  $11,983,045

  Retail

  $18,020,538

Location Insight

City

Reynoldsburg

County

Franklin

State

Ohio

Latitude

39.9375

Longitude

-82.8289

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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