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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Hotels
225 Touring Dr Auburn, IN 46706-2050
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-1123177
Property summary
AI-generated overview
This exceptional 0.99-acre vacant commercial land parcel presents a remarkable investment opportunity in Auburn, Indiana. Located at 225 Touring Dr, Auburn, IN 46706, this property boasts a prime location within DeKalb County. The lot is designated as open commercial land, offering significant potential for various development projects. The asking price is $475,000. Key identifying information includes the APN 220536200009 (also listed as 22-05-36-200-009), and a routing number of 22-36S-007. The property is classified as 4R91 and was identified in 2018. Its ideal location and considerable size make it an attractive prospect for businesses seeking to establish a presence in a thriving community. The property's accessibility and visibility offer excellent potential for high traffic and exposure. Serious inquiries are encouraged to explore the possibilities this land offers for future development and growth. This is a rare opportunity to acquire a strategically located commercial lot in a desirable area. Further details are available upon request.
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1987
Construction
WOOD
Total area
27,921 SF
Lot
2 ac (87,120 SF)
APN
17-05-36-200-017.000-012
UPID
US31-1123177
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
-
SureStay Plus By Best Western Auburn 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
$1.46M
Owner & transaction history
Ocean Hotel LLC · 3 yrs held
Ocean Hotel LLC
since 2022
2 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 Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,105,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,040,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,905,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,830,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,710,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,495,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,425,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±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
$52 / 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
$40,478
Tax year 2023
Assessed value
$1,542,000
Assessed 2023
Previous assessed
$1,542,000
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$270,000
Assessed improvement
$1,272,000
Land market value
$270,000
Improvement market value
$1,272,000
Total market value
$1,542,000
Applied tax rate
22.0000
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
1987
Construction
WOOD
Heating
NONE
Stories
2
Units
53
Total area
27,921 SF
Lot
2 ac (87,120 SF)
APN
17-05-36-200-017.000-012
UPID
US31-1123177
Jurisdiction
DE KALB
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
RESTAURANT
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1987
Construction
WOOD
Heating
NONE
Stories
2
Units
53
Lot
2 ac
Current owner
From public records · entity-resolved
Ocean Hotel LLC
Entity
Mailing address
225 TOURING DR, AUBURN, IN 46706-2050
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
—
Ocean Hotel LLC
Bodhi Hospitality INC
Limited Warranty Deed
$1,929,000 · Bank Of George
Mar 27, 2013
$1,300,000
Radhe
Focus
Deed
—
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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