Property profile

1601 State Rd 114th W North Manchester, IN 46962

OFF-MARKET
Hotels
Property ID
US31-1349656
7,555 SF 1.09 ac lot Built 1957
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1957
Construction WOOD
Total area 7,555 SF
Lot 1.09 ac (47,568 SF)
APN 85-07-06-100-004.000-002
UPID US31-1349656

Cap rate & NOI

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

Location

1601 State Rd 114th W North Manchester, IN 46962-1938
North Manchester metro Census 102200 WABASH, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2023
4 recorded transactions
2026
Price N/A
2023
Price N/A
2017
Price N/A
2016
$120,000

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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