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Property profile & analytics
OFF-MARKET
Hotels
509 Washington Blvd Fort Wayne, IN 46802-2917
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0206061
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1842
Construction
WOOD
Total area
3,980 SF
Lot
0.17 ac (7,492 SF)
APN
02-12-02-387-006.000-074
UPID
US31-0206061
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
-
Elizabeth Murphy Beams, LSW Foster Care Service Social Service Agency
-
Historic Sion Bass House & Spa Spa & Massage Center
-
Harriet A. Rumschlag, MA Counselor
-
E Thomas Counselor
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
Lasalle Bed And Breakfast LLC · 8 yrs held
Lasalle Bed And Breakfast LLC
since 2017
4 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 Fort Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Wayne 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
$7,409
Tax year 2023
Assessed value
$274,800
Assessed 2023
Previous assessed
$274,800
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$112,400
Assessed improvement
$162,400
Land market value
$112,400
Improvement market value
$162,400
Total market value
$274,800
Applied tax rate
91.0000
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
1842
Construction
WOOD
Heating
OTHER
Cooling
CENTRAL
Stories
3
Bathrooms
5
Total area
3,980 SF
Lot
0.17 ac (7,492 SF)
APN
02-12-02-387-006.000-074
UPID
US31-0206061
Jurisdiction
ALLEN
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
1842
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
3
Bathrooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lasalle Bed And Breakfast LLC
Entity
Mailing address
719 UN ST, FORT WAYNE, IN 46802-5979
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Sep 25, 2017
—
Lasalle Bed And Breakfast LLC
Clark W Butler
Warranty Deed
$475,000 · Clark W Butler Etal
Sep 15, 2017
—
Clark W Butler
West Washington Inn LLC
Quit Claim Deed
related
—
Jan 18, 2011
—
West Washington Inn LLC
Clark Butler
Quit Claim Deed
related
—
Sep 15, 2010
$227,350
Clark Butler
Ronald L Reinking
Warranty Deed
—
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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