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Financial
Distress signals
Property profile

9797 Michigan Rd Carmel, IN 46032

OFF-MARKET
Hotels
Property ID
US31-0216873
40,697 SF 1.95 ac lot Built 1997
Last sale Apr 2022 · $6,798,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This hotel property, Holiday Inn Express and Suites Indianapolis North-Carmel, is located at 9797 N Michigan Rd in Carmel, Indiana. The building was constructed in 1998 and features an all-brick exterior. A full interior and exterior renovation was completed in 2013. The site is positioned near major interstate corridors including I-65, I-69, and I-70, supporting access throughout the Indianapolis-area road network, and Indianapolis International Airport is approximately 20 minutes away.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$53k
Tax billed · 2023
Assessed value$2.63M
Assessed land$878k
Assessed improvement$1.75M
Effective rate2.02%

Value estimate

· Oct 2026
$8.61M
$7.75M – $9.47M
AI approach$8.10M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHAMILTON

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.9
Parking Facility10.2
HVAC Service9.6

Location

9797 Michigan Rd Carmel, IN 46032-8884
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11355 Meridian, Carmel, IN 46032-4564 $18,000,000 Dec 2025 100,567 SF
11855 Meridian, Carmel, IN 46032-4630 $14,000,000 Sep 2023 72,040 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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