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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Hotels
3920 Hospitality Ln Decatur, IL 62521-4299
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-3968903
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
11,404 SF
Lot
1.7 ac (74,052 SF)
Zoning code
MUNICIPAL
APN
18-08-29-100-011
UPID
US28-3968903
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
-
Sleep Inn Decatur I-72 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.64M
Owner & transaction history
Singh Brothers Hotel LLC · 4 yrs held
Singh Brothers Hotel LLC
since 2021
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
MUNICIPAL · Decatur, IL
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$1,785,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
$1,150,000
6.5%
$1,065,000
7%
$985,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,300,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±10% · vs last sale $1.65M (Oct 14 2021)
Last sale anchor
$1.65M
Oct 14 2021
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
$144 / 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
$48,334
Tax year 2023
Assessed value
$576,285
Assessed 2023
Previous assessed
$537,474
+7.2% YoY
Effective rate
8.39%
On assessed value
Assessed land
$58,818
Assessed improvement
$517,467
Land market value
$176,472
Improvement market value
$1,552,556
Total market value
$1,729,028
Applied tax rate
18,315.0000
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
Status
Off-Market
Year built
2000
Total area
11,404 SF
Lot
1.7 ac (74,052 SF)
Zoning code
MUNICIPAL
APN
18-08-29-100-011
UPID
US28-3968903
Jurisdiction
MACON
Zoning & alternative use
MUNICIPAL · Decatur, IL
Zoning MUNICIPAL · permitted uses
MUNICIPAL · Decatur, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.3M
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
2000
Lot
1.7 ac
Current owner
From public records · entity-resolved
Singh Brothers Hotel LLC
Entity
Mailing address
900 N BEADLE DR, CARBONDALE, IL 62901-1046
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
$1,650,000
Singh Brothers Hotel LLC
Snmp Hospitality INC
Warranty Deed
$2,566,000 · Bank Of George
Sep 29, 2020
—
Snmp Hospitality INC
—
Deed
related
$2,500,000 · Peoples Bank & Trust
Jan 31, 2019
—
Snmp Hospitality INC
—
Deed
related
$3,000,000 · Peoples Bank & Trust
Jan 19, 2017
—
Snmp Hospitality INC
—
Deed
related
$2,343,500 · Millennium Bank
Jul 14, 2008
$1,600,000
Gunatit Hospitality INC
Central Illinois Hotel Group LLC
Special Warranty Deed
$1,800,000 · National 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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