Property profile

3030 116th St Carmel, IN 46032

OFF-MARKET
Hotels
Property ID
US31-0776646
7,913 SF 35.14 ac lot Built 2019
Individually Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2019
Construction TYPE NOT SPECIFIED
Total area 7,913 SF
Lot 35.14 ac (1,530,698 SF)
APN 29-09-32-000-011.000-018
UPID US31-0776646

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3030 116th St Carmel, IN 46032-9563
Carmel metro Census 111010 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$818k
Blend (final) Blend
$420k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.1M +36.7%
Restaurant $1.0M +25.3%
Auto repair, garage $920,000 +12.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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