Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Hotels
121 Monument Cir Indianapolis, IN 46204-2921
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0532675
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1925
Construction
CONCRETE
Total area
81,498 SF
Lot
0.38 ac (16,507 SF)
APN
49-11-01-240-177.000-101
UPID
US31-0532675
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
-
Logos Translation Interpretation Services Translation Service
-
Columbia Club Hotel & Motel Resort
-
Qualkinbush Masseurs Alternative Medicine Practice Spa & Massage Center
-
Remnant Trust High School Vocational School
-
Rock My Bow Tie Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$755k
Owner & transaction history
Columbia Club INC · 4 yrs held
Columbia Club INC
since 2021
6 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 Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$9 / 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
$159,227
Tax year 2023
Assessed value
$5,740,400
Assessed 2023
Previous assessed
$5,740,400
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$1,961,000
Assessed improvement
$3,779,400
Land market value
$1,961,000
Improvement market value
$3,779,400
Total market value
$5,740,400
Applied tax rate
101.0000
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
1925
Construction
CONCRETE
Heating
NONE
Stories
10
Units
71
Total area
81,498 SF
Lot
0.38 ac (16,507 SF)
APN
49-11-01-240-177.000-101
UPID
US31-0532675
Jurisdiction
MARION
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
1925
Construction
CONCRETE
Heating
NONE
Stories
10
Units
71
Lot
0.38 ac
Current owner
From public records · entity-resolved
Columbia Club INC
Entity
Mailing address
121 MONUMENT CIR, INDIANAPOLIS, IN 46204-2921
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2021
—
Columbia Club INC
—
Deed
related
$13,000,000 · First Farmers Bank & Trust
May 2, 2018
—
Columbia Club INC
—
Deed
related
$3,850,000 · Old Nat'l Bk
Oct 26, 2016
—
Columbia Club INC
—
Deed
related
$4,950,000 · Old Nat'l Bk
—
—
Columbia Club INC
—
Deed Of Trust
related
$5,100,000 · Charter One Bank
—
—
Columbia Club INC
—
Deed Of Trust
related
$4,950,000 · Old Nat'l Bk
—
—
Columbia Club INC
—
Loan Modification
related
$3,850,000 · Old Nat'l Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 121 Monument Cir?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
