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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Hotels
410 Missouri St Indianapolis, IN 46225-1148
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US31-0902158
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2003
Construction
WOOD
Total area
23,676 SF
Lot
0.42 ac (18,210 SF)
APN
49-11-11-190-032.000-101
UPID
US31-0902158
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
-
Integrity Lighting Solutions (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Pensiunea Camelia Hotel & Motel Resort
-
Holiday Inn Express & Suites Indianapolis Dtn-Conv Ctr Area, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.11M
Owner & transaction history
Empire Hotel Partners LLC
Empire Hotel Partners LLC
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+187.0%
Retail stores
$1.5M
+178.0%
Restaurant
$1.3M
+141.9%
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 Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis 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
COMMERCIAL (GENERAL)
$1,550,000
Change: +187% · Conversion: Difficult
RETAIL STORES
$1,500,000
Change: +178% · Conversion: Difficult
RESTAURANT
$1,305,000
Change: +142% · Conversion: Difficult
OFFICE BUILDING
$1,170,000
Change: +117% · Conversion: Difficult
MEDICAL BUILDING
$940,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$915,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$47 / 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
$177,357
Tax year 2023
Assessed value
$6,394,000
Assessed 2023
Previous assessed
$6,394,000
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$801,000
Assessed improvement
$5,593,000
Land market value
$801,000
Improvement market value
$5,593,000
Total market value
$6,394,000
Applied tax rate
101.0000
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
2003
Construction
WOOD
Heating
NONE
Stories
6
Units
216
Total area
23,676 SF
Lot
0.42 ac (18,210 SF)
APN
49-11-11-190-032.000-101
UPID
US31-0902158
Jurisdiction
MARION
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
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$915,000
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2003
Construction
WOOD
Heating
NONE
Stories
6
Units
216
Lot
0.42 ac
Current owner
From public records · entity-resolved
Empire Hotel Partners LLC
Entity
Mailing address
10734 SKY PR ST, FISHERS, IN 46038-7804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Empire Hotel Partners LLC
—
Deed Of Trust
related
$7,400,000 · Ge Capital Bank
—
—
Empire Hotel Partners LLC
—
Deed Of Trust
related
$13,500,000 · Barclays Cap R/e
—
—
Empire Hotel Partners LLC
—
Loan Modification
related
$9,250,000 · Western Alliance Bk
—
—
Empire Hotel Partners LLC
—
Deed Of Trust
related
$8,000,000 · Harris NA
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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