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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Hotels
1773 Fountain Park Dr Schererville, IN 46375-1880
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-1009810
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
44,324 SF
Lot
1.77 ac (77,014 SF)
Zoning code
R33
APN
45-11-17-226-001.000-036
UPID
US31-1009810
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 Schererville Hotel & Motel
-
Saint Michael the archangel Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$935k
Owner & transaction history
Kajc Hospitality LLC · 6 yrs held
Kajc Hospitality LLC
since 2019
7 recorded transactions
Zoning & alternative use
R33 · Schererville, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+75.1%
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 Schererville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schererville 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
by Request
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$870,000
Current use
COMMERCIAL (GENERAL)
$1,525,000
Change: +75% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10%
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
$21 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$93,751
Tax year 2022
Assessed value
$5,092,200
Assessed 2023
Previous assessed
$5,083,600
+0.2% YoY
Effective rate
1.84%
On assessed value
Assessed land
$442,000
Assessed improvement
$4,650,200
Land market value
$442,000
Improvement market value
$4,650,200
Total market value
$5,092,200
Applied tax rate
36.0000
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Units
82
Total area
44,324 SF
Lot
1.77 ac (77,014 SF)
Zoning code
R33
APN
45-11-17-226-001.000-036
UPID
US31-1009810
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Schererville, IN
Zoning R33 · permitted uses
R33 · Schererville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Schererville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
HOTEL/MOTEL Current
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Units
82
Lot
1.77 ac
Current owner
From public records · entity-resolved
Kajc Hospitality LLC
Entity
Mailing address
1115 OLD ML LN, HANOVER PARK, IL 60133-2632
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
—
Kajc Hospitality LLC
—
Deed
related
$4,126,000 · Centier Bk
Dec 19, 2019
—
Kajc Hospitality LLC
Vision Schererville LLC
Correction Deed
related
—
Dec 11, 2019
—
Kajc Hospitality LLC
—
Deed
related
$2,544,000 · Private Individual
Nov 15, 2019
—
Kajc Hospitality LLC
Vision Schererville LLC
Grant Deed
$13,203,200 · Centier Bk
Jun 7, 2017
—
Vision Schererville LLC
—
Deed
related
$5,300,000 · American Heartland Bank & Trust
Feb 6, 2007
—
Vision Schererville LLC
—
Trustees Deed
related
$5,628,000 · First Midwest Bank
—
—
Kajc Hospitality LLC
—
Deed Of Trust
related
$4,126,000 · Centier Bk
—
—
Vision Schererville LLC
—
Deed Of Trust
related
$6,000,000 · Bank Of Cleveland
—
—
Kajc Hospitality LLC
—
Deed Of Trust
related
$2,544,000 · Private Individual
—
—
Kajc Hospitality LLC
—
Loan Modification
related
$4,126,000 · Centier Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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