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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Hotels
236 Dixie Way South Bend, IN 46637-3308
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-1098756
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2015
Construction
TYPE NOT SPECIFIED
Total area
39,860 SF
Lot
2.15 ac (93,493 SF)
APN
71-03-25-176-020.000-007
UPID
US31-1098756
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
-
Motel 6 South Bend, IN - Mishawaka Hotel & Motel
-
Dairy Queen Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$930k
Owner & transaction history
If6 LLC · 1 yrs held
If6 LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+70.7%
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 South Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bend 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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$800,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,360,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$23 / 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
$52,388
Tax year 2023
Assessed value
$3,267,000
Assessed 2023
Previous assessed
$3,267,000
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$279,000
Assessed improvement
$2,988,000
Land market value
$279,000
Improvement market value
$2,988,000
Total market value
$3,267,000
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
2015
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
4
Units
98
Total area
39,860 SF
Lot
2.15 ac (93,493 SF)
APN
71-03-25-176-020.000-007
UPID
US31-1098756
Jurisdiction
ST JOSEPH
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
HOTEL/MOTEL Current
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
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
2015
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Buildings
2
Units
98
Lot
2.15 ac
Current owner
From public records · entity-resolved
If6 LLC
Entity
Mailing address
236 N DIXIE WAY, SOUTH BEND, IN 46637-3308
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2025
—
If6 LLC
Smita V Patel
Deed
—
Nov 4, 2024
$250,000
If6 LLC
St Joseph County Sheriff
Deed
related
—
Feb 6, 2024
—
Janki LLC
—
Deed
related
$4,645,000 · Inova FCU
Aug 3, 2022
—
Janki LLC
—
Deed
related
$300,000 · Ark Capital LLC
Aug 1, 2022
—
Janki LLC
—
Deed
related
$4,645,000 · Inova FCU
May 10, 2012
—
Janki LLC
Om Balaji Hospitality Group LLC
Quit Claim Deed
related
—
Mar 30, 2011
—
Janki LLC
Om Balaji Hospitality Group LLC
Warranty Deed
—
Mar 22, 2011
—
Janki LLC
Om Balaji Hospitality Group LLC
Warranty Deed
—
Sep 8, 2010
—
Om Balaji Hospitality Group LLC
Saehan Bank
Warranty Deed
$700,000 · The National Republic Bank Of Chicago
Aug 17, 2010
$560,000
Saehan Bank
Ravi Patel
Sheriffs Deed
related
—
Jul 10, 2007
—
Ravi Patel
South Bend Nights INC
Warranty Deed
$1,614,500 · Saehan 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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