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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Hotels
5775 Coventry Ln Fort Wayne, IN 46804-7146
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US31-0010496
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Construction
WOOD
Total area
73,813 SF
Lot
3.43 ac (149,411 SF)
APN
02-11-23-400-006.000-075
UPID
US31-0010496
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
-
Comfort Suites Fort Wayne - Southwest Hotel & Motel
-
vintage treasures antque mall Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Fort Wayne Hotel Group LLC · 8 yrs held
Fort Wayne Hotel Group LLC
since 2018
5 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
$13 / 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
$96,028
Tax year 2023
Assessed value
$3,895,500
Assessed 2023
Previous assessed
$3,895,500
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$896,500
Assessed improvement
$2,999,000
Land market value
$896,500
Improvement market value
$2,999,000
Total market value
$3,895,500
Applied tax rate
59.0000
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
1996
Construction
WOOD
Heating
NONE
Stories
3
Units
128
Total area
73,813 SF
Lot
3.43 ac (149,411 SF)
APN
02-11-23-400-006.000-075
UPID
US31-0010496
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
1996
Construction
WOOD
Heating
NONE
Stories
3
Units
128
Lot
3.43 ac
Current owner
From public records · entity-resolved
Fort Wayne Hotel Group LLC
Entity
Mailing address
5775 COVENTRY LN, FORT WAYNE, IN 46804-7146
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Feb 9, 2024
—
Fort Wayne Hotel Group LLC
—
Deed
related
$7,659,046 · Midwest America FCU
Sep 1, 2022
—
Fort Wayne Hotal Group LLC
—
Deed
related
$1,750,000 · Midwest America FCU
Mar 13, 2019
—
Fort Wayne Hotel Group LLC
—
Deed
related
$750,000 · Midwest America FCU
Jun 5, 2018
$7,100,000
Fort Wayne Hotel Group LLC
Sppr Hotels LLC
Limited Warranty Deed
$5,212,500 · Midwest America FCU
Mar 7, 2017
—
Sppr -hotels LLC
—
Deed
related
$90,000,000 · Key Bank 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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