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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Hotels
1019 Us Hwy 30 Schererville, IN 46375-1552
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-0423119
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Construction
WOOD
Total area
26,829 SF
Lot
1.26 ac (55,103 SF)
Zoning code
R33
APN
45-11-17-204-002.000-036
UPID
US31-0423119
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$540k
Blend (final)
Blend
$545k
Owner & transaction history
Jump Hospitality LLC · 6 yrs held
Jump Hospitality LLC
since 2019
7 recorded transactions
Zoning & alternative use
R33 · Schererville, IN
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 Schererville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schererville 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$530,000
Current use
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$20 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$42,960
Tax year 2022
Assessed value
$2,337,600
Assessed 2023
Previous assessed
$2,329,500
+0.3% YoY
Effective rate
1.84%
On assessed value
Assessed land
$379,500
Assessed improvement
$1,958,100
Land market value
$379,500
Improvement market value
$1,958,100
Total market value
$2,337,600
Applied tax rate
36.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
NONE
Stories
3
Units
53
Total area
26,829 SF
Lot
1.26 ac (55,103 SF)
Zoning code
R33
APN
45-11-17-204-002.000-036
UPID
US31-0423119
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Schererville, IN
Zoning R33 · permitted uses
R33 · Schererville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Schererville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$530,000
HOTEL/MOTEL Current
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
1996
Construction
WOOD
Heating
NONE
Stories
3
Units
53
Lot
1.26 ac
Current owner
From public records · entity-resolved
Jump Hospitality LLC
Entity
Mailing address
607 WILD ROSE CIR, LAKE VILLA, IL 60046-9021
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
—
Jump Hospitality LLC
—
Deed
related
$1,934,000 · Centier Bk
Jan 16, 2020
—
Jump Hospitality LLC
—
Deed
related
$1,934,000 · Centier Bk
Dec 11, 2019
—
Jump Hospitality LLC
Laxmi Enterprises LLC
Warranty Deed
$1,934,000 · Centier Bank
Mar 18, 2019
—
Laxmi Ents LLC
—
Deed
related
—
Feb 6, 2007
—
Laxmi Ents LLC
—
Trustees Deed
related
$5,628,000 · First Midwest Bank
—
—
Laxmi Ents LLC
—
Loan Modification
related
—
—
—
Jump Hospitality LLC
—
Deed Of Trust
related
$412,000 · Private Individual
—
—
Jump Hospitality LLC
—
Deed Of Trust
related
$1,934,000 · Centier Bk
—
—
Jump Hospitality LLC
—
Loan Modification
related
$1,934,000 · Centier Bk
—
—
Laxmi Ents LLC
—
Loan Modification
related
—
—
—
Laxmi Ents LLC
—
Loan Modification
related
—
—
—
Laxmi Ents LLC
—
Deed Of Trust
related
$275,000 · First Midwest Bank
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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