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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Hotels
140 Ludwig Dr, Fairview Heights, IL 62208-1333
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-5909751
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1993
Total area
9,840 SF
Lot
1.03 ac (44,867 SF)
APN
03-21-0-404-010
UPID
US28-5909751
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
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
Aryakshar Hospitality LLC · 2 yrs held
Aryakshar Hospitality LLC
since 2024
Last sale
$3.5M
7 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 Fairview Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview Heights 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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Apr 1 2024)
Last sale anchor
$3.50M
Apr 1 2024
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
$356 / 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
$51,712
Tax year 2023
Assessed value
$764,601
Assessed 2023
Previous assessed
$764,601
+0.0% YoY
Effective rate
6.76%
On assessed value
Assessed land
$89,878
Assessed improvement
$674,723
Land market value
$269,634
Improvement market value
$2,024,169
Total market value
$2,293,803
Applied tax rate
8,042.0000
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
1993
Heating
NONE
Stories
2
Total area
9,840 SF
Lot
1.03 ac (44,867 SF)
APN
03-21-0-404-010
UPID
US28-5909751
Jurisdiction
ST CLAIR
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
1993
Heating
NONE
Stories
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Aryakshar Hospitality LLC
Entity
Mailing address
140 LUDWIG DR, FAIRVIEW HEIGHTS, IL 62208-1333
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
$3,500,000
Aryakshar Hospitality LLC
Fairview Hotel Group LLC
Warranty Deed
$3,040,000 · Montgomery Bank NA
Apr 1, 2024
$2,650,000
Fairview Hotel Group LLC
Aria Hotel Corporation
Warranty Deed
—
Feb 15, 2019
—
Aria Hotel Corp
Enhanced Fairview LLC
Correction Deed
related
—
Jan 10, 2019
$27,562
Aria Hotel Corp
Enhanced Fairview LLC
Trustees Deed
$2,778,720 · Community First Nat'l Bk
Jun 25, 2018
$3,754,500
Enhanced Fairview LLC
Cni Thl Propco Fe LLC
Grant Deed
—
Nov 20, 2017
—
Cni Thl Propco Fe LLC
W2005/fargo Hotels Realty LP
Quit Claim Deed
related
$960,000,000 · Jp Morgan Chase Bk
Jun 13, 2011
—
Fargo Hotels Pool C Real W2005
—
Deed Of Trust
related
$725,000,000 · German American Capital Corp
Apr 24, 2006
$6,170,500
Fargo Hotels Pool C Real W2005
Midwest Heritage Inn Of Fairview
Grant Deed
—
Apr 24, 2006
—
Fargo Hotels Pool C Real W2005
Midwest Heritage Inn Of Fairview
Quit Claim Deed
related
—
—
—
Fargo Hotels Pool C Real W2005
—
Deed Of Trust
related
$775,000,000 · Citigroup Global Markets Realt
—
—
Y,midwest Heritage Inn Fairview
—
Deed Of Trust
related
$179,508 · Goldman Sachs Mortgage Co
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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