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Property profile & analytics
OFF-MARKET
Hotels
7007 Deer Path Dr Indianapolis, IN 46254-2622
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0773793
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1979
Construction
WOOD
Total area
3,726 SF
Lot
30.98 ac (1,349,575 SF)
Zoning code
ZO01
APN
49-05-14-141-005.000-600
UPID
US31-0773793
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
-
Deercross Apartments Apartment Complex Apartment Rental Agency
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
Summit Deercross I LLC · 8 yrs held
Summit Deercross I LLC
since 2018
4 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
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
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
$285,306
Tax year 2023
Assessed value
$14,265,300
Assessed 2023
Previous assessed
$14,265,300
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$2,231,700
Assessed improvement
$12,033,600
Land market value
$2,231,700
Improvement market value
$12,033,600
Total market value
$14,265,300
Applied tax rate
600.0000
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
1979
Construction
WOOD
Heating
NONE
Buildings
7
Stories
1
Total area
3,726 SF
Lot
30.98 ac (1,349,575 SF)
Zoning code
ZO01
APN
49-05-14-141-005.000-600
UPID
US31-0773793
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, INZoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Stories
1
Buildings
7
Lot
30.98 ac
Current owner
From public records · entity-resolved
Summit Deercross I LLC
Entity
Mailing address
212 N NACHES AVE, YAKIMA, WA 98901-2438
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2018
$24,400,000
Summit Deercross I LLC
Deercross Apartments LLC
Grant Deed
related
$18,900 · Walker & Dunlop
Dec 29, 2009
$13,700,000
Deercross Apartments LLC
Deercross-oxford Associates LP
Grant Deed
related
$10,300,000 · First Fin'l Bk&tr
—
—
Deercross Apartments LLC
—
Deed Of Trust
related
$12,000,000 · Allstate Life Insurance Co
—
—
Deercross-oxford Associates
—
Deed Of Trust
related
$10,700,000 · Sovereign 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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