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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Hotels
19600 Elpers Rd Evansville, IN 47725-8591
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0703604
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1995
Construction
WOOD
Total area
49,578 SF
Lot
1.92 ac (83,635 SF)
Zoning code
4
APN
82-02-20-009-228.004-030
UPID
US31-0703604
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
-
Clarion Pointe Evansville North Hotel & Motel
-
Red Roof Inn Evansville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$730k
Owner & transaction history
Ambikadevi LLC · 4 yrs held
Ambikadevi LLC
since 2021
6 recorded transactions
Zoning & alternative use
4 · Evansville, IN
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 Evansville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evansville 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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$15 / 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
$28,838
Tax year 2023
Assessed value
$1,156,200
Assessed 2023
Previous assessed
$1,156,200
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$213,600
Assessed improvement
$942,600
Land market value
$213,600
Improvement market value
$942,600
Total market value
$1,156,200
Applied tax rate
7.0000
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
1995
Construction
WOOD
Heating
NONE
Stories
3
Units
99
Total area
49,578 SF
Lot
1.92 ac (83,635 SF)
Zoning code
4
APN
82-02-20-009-228.004-030
UPID
US31-0703604
Jurisdiction
VANDERBURGH
Zoning & alternative use
4 · Evansville, IN
Zoning 4 · permitted uses
4 · Evansville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Evansville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
NONE
Stories
3
Units
99
Lot
1.92 ac
Current owner
From public records · entity-resolved
Ambikadevi LLC
Entity
Mailing address
19600 ELPERS RD, EVANSVILLE, IN 47725-8591
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
—
Ambikadevi LLC
—
Deed
related
$40,000 · Farmers State Bank
Aug 3, 2021
—
Ambikadevi LLC
Mhr Realty LLC
Warranty Deed
$2,380,000 · Farmers State Bank Of Alto Pass Il
Feb 5, 2020
$2,053,000
Mhr Realty LLC
Apar LLC
Deed
$2,052,500 · First Western Sblc INC
Feb 10, 2014
—
Apar LLC
Arjundev D Bhakta
Quit Claim Deed
related
—
Feb 4, 2014
$2,200,000
Arjundev D Bhakta
Vanderburgh County Sheriff
Sheriffs Deed
related
—
Jun 4, 2008
—
Indy Hotel Ventures LLC
Satkar INC
Warranty Deed
$1,029,000 · Indiana Business Bank
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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