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Property profile & analytics
OFF-MARKET
Estimated value
$13,100,000
Hotels
17400 Wheeler Rd Westfield, IN 46074-6901
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-3184381
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2016
Construction
WOOD
Total area
58,971 SF
Lot
2.66 ac (115,870 SF)
APN
29-09-01-003-003.001-015
UPID
US31-3184381
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Hampton Inn Westfield Indianapolis Hotel & Motel
-
Thrifty Auto Transport Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.10M
Owner & transaction history
Aps Hospitality INC · 1 yrs held
Aps Hospitality INC
since 2024
Last sale
$13.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.7M
+149.9%
Restaurant
$11.9M
+88.9%
Retail stores
$9.1M
+44.9%
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 Westfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westfield 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
$13,100,000
ML approach
$13,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$15,680,000
Change: +150% · Conversion: Difficult
RESTAURANT
$11,855,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$9,095,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,325,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$13.10M
Range $11.79M – $14.41M · ±10% · vs last sale $13.10M (Dec 9 2024)
Last sale anchor
$13.10M
Dec 9 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
$222 / 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
$88,364
Tax year 2023
Assessed value
$3,790,900
Assessed 2023
Previous assessed
$3,790,900
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$697,100
Assessed improvement
$3,093,800
Land market value
$697,100
Improvement market value
$3,093,800
Total market value
$3,790,900
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 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
2016
Construction
WOOD
Heating
NONE
Stories
4
Units
93
Total area
58,971 SF
Lot
2.66 ac (115,870 SF)
APN
29-09-01-003-003.001-015
UPID
US31-3184381
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$15.7M
RESTAURANT
Est. value
$11.9M
RETAIL STORES
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$8.3M
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
WOOD
Heating
NONE
Stories
4
Units
93
Lot
2.66 ac
Current owner
From public records · entity-resolved
Aps Hospitality INC
Entity
Mailing address
3454 DOUGLAS RD STE #250, SOUTH BEND, IN 46635-1789
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
$13,100,000
Aps Hospitality INC
Westfield Hampton Hotel LLC
Deed
related
$10,480,000 · First Bank Richmond NA
Dec 9, 2024
$13,100,000
Aps Hospitality INC
Westfield Hampton Hotel LLC
Special Warranty Deed
$10,480,000 · First Bank Richmond NA
Jul 11, 2018
—
Westfield Hampton Hotel LLC
—
Grant Deed
related
$14,647,095 · Mutual Bk
Jul 21, 2016
—
Westfifeld Hampton Hotel LLC
Holladay Westfield Hotel LLC
Quit Claim Deed
$9,764,730 · Bloombank
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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