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Property profile & analytics
OFF-MARKET
Hotels
15131 Thatcher Ln Carmel, IN 46033-8411
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0988578
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
WOOD
Total area
48,160 SF
Lot
1.9 ac (82,764 SF)
APN
29-10-18-000-016.005-015
UPID
US31-0988578
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
-
Holiday Inn Express & Suites Carmel North - Westfield, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wi Fund Westfield LLC · 1 yrs held
Wi Fund Westfield LLC
since 2025
Last sale
$10.0M
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 Carmel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmel 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$50,801
Tax year 2023
Assessed value
$2,178,500
Assessed 2023
Previous assessed
$2,178,500
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$785,300
Assessed improvement
$1,393,200
Land market value
$785,300
Improvement market value
$1,393,200
Total market value
$2,178,500
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1999
Construction
WOOD
Heating
NONE
Stories
4
Units
75
Total area
48,160 SF
Lot
1.9 ac (82,764 SF)
APN
29-10-18-000-016.005-015
UPID
US31-0988578
Jurisdiction
HAMILTON
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
1999
Construction
WOOD
Heating
NONE
Stories
4
Units
75
Lot
1.9 ac
Current owner
From public records · entity-resolved
Wi Fund Westfield LLC
Entity
Mailing address
15131 THATCHER LN, CARMEL, IN 46033-8411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
$10,000,000
Wi Fund Westfield LLC
Mounibapa LLC
Deed
$6,700,000 · Wells Fargo Bank NA
Apr 28, 2023
—
Mounibapa LLC
—
Deed
related
$6,500,000 · Interra Cu
Feb 4, 2022
—
Mounibapa LLC
—
Deed
related
$500,000 · Farmers State Bank Of Alto Pass Il
Apr 14, 2021
—
Mounibapa LLC
Meridian Lodging INC
Warranty Deed
$5,000,000 · Farmers State Bank Of Alto Pass Il
Feb 12, 2021
—
Meridian Lodging INC
—
Deed
related
$2,700,000 · Elements Financial FCU
Aug 22, 2016
—
Meridian Lodging INC
—
Deed
related
$5,200,000 · First Bk Richmond NA
—
—
Meridian Lodging INC
—
Deed Of Trust
related
$5,200,000 · First Bk Richmond NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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