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    1800 Decker Rd Vincennes, IN 47591

    For Sale
    $1,970,000

    39-key Inn, High Occupancy

    Property size:
    25,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 39-unit Red Roof Inn motel in Vincennes, Indiana, presents a lucrative investment opportunity. Boasting two buildings totaling 25,080 square feet on a 5.131-acre lot (APN: 42-12-33-100-005.000-023

    Property Features for 1800 Decker Rd

    General Information

    Property type
    Motels
    Square Feet
    25,080 SF
    Lot Size
    223,506 SF

    Building Details

    Buildings
    2
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Building Supply Auto Repair Shop Wholesale Shop Department Store Kitchen & Bath Food Market HVAC Service Bakery Plumbing Service Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.5269463
    Latitude
    38.6462542

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    FAQs

    What type of property is this?
    Motel - 39-key Inn, High Occupancy
    Where is this motel located?
    The property is located at 1800 Decker Rd Vincennes, IN.
    What is the asking price?
    The asking price for this property is $1,970,000.
    Request Owner's contact information
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    Vincennes, IN 47591
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1800 Decker Rd Vincennes, IN 47591
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