Technical
Financial
Distress signals
Property profile

1335 Main St Carmel, IN 46032

OFF-MARKET
Hotels
Property ID
US31-3245564
58,061 SF 2.18 ac lot Built 2017
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2017
Construction TYPE NOT SPECIFIED
Total area 58,061 SF
Lot 2.18 ac (94,961 SF)
APN 29-09-26-405-078.000-018
UPID US31-3245564

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

1335 Main St Carmel, IN 46032-1439
Carmel metro Census 111012 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.78M
Comparable Approach Comparable
$4.66M
Blend (final) Blend
$4.72M

Owner & transaction history

since 2016
2 recorded transactions
2016
$924,800
2014
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $7.5M +25.3%
Auto repair, garage $6.7M +12.4%
Retail stores $6.1M +1.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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