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Property profile & analytics
OFF-MARKET
Hotels
438 Pne Lk Ave La Porte, IN 46350-2315
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-1549254
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Construction
WOOD
Total area
18,813 SF
Lot
0.53 ac (23,000 SF)
APN
46-06-27-480-006.000-043
UPID
US31-1549254
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
-
Travelodge by Wyndham La Porte/Michigan City Area 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
by Request
Owner & transaction history
Avadhoot Hospitality INC · 3 yrs held
Avadhoot Hospitality INC
since 2023
7 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 La Porte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Porte 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,942
Tax year 2023
Assessed value
$362,700
Assessed 2023
Previous assessed
$362,700
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$78,700
Assessed improvement
$284,000
Land market value
$78,700
Improvement market value
$284,000
Total market value
$362,700
Applied tax rate
43.0000
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
1985
Construction
WOOD
Heating
NONE
Stories
3
Units
51
Total area
18,813 SF
Lot
0.53 ac (23,000 SF)
APN
46-06-27-480-006.000-043
UPID
US31-1549254
Jurisdiction
LA PORTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Stories
3
Units
51
Lot
0.53 ac
Current owner
From public records · entity-resolved
Avadhoot Hospitality INC
Entity
Mailing address
438 PNE LK AVE, LA PORTE, IN 46350-2315
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
—
Avadhoot Hospitality INC
Shree Ashtavinayak LLC
Warranty Deed
$1,740,000 · Teachers Cu
Mar 16, 2017
—
Shree Ashtavinayak LLC
—
Deed
related
$266,000 · New Buffalo Savings Bank
Dec 4, 2013
—
Shree Ashtavinayak LLC
Prakash Patel
Quit Claim Deed
related
—
Jul 12, 2013
—
Prakashkumar Patel
The Laporte Savings Bank
Warranty Deed
$320,000 · New Buffalo Savings Bank
Apr 5, 2006
—
Nij INC
Classic Hotel Investments INC
Corporation Deed
$725,000 · The Laporte Savings Bank
Mar 11, 2005
$441,000
Classic Hotel Investments INC
Nadia INC
Re-recorded Document
related
—
Mar 3, 2005
$441,000
Hotel Investments INC
Nadia INC
Sheriffs Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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