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    Property profile & analytics

    7101 21st St Indianapolis, IN 46219-1761

    • Hotels
    • 6,960 SF
    • 4.60 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 08, 2024
    Location Intelligence
    Property ID
    US31-1282776
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Express Inn Indianapolis / Motel / Bed & Breakfast
    • Knights Inn Indianapolis East / Motel / Hotel
    • Areal Hand / Charity

    Property Details for 7101 21st St

    Year built
    1984
    Construction
    WOOD
    Lot size
    4.60 lot acres
    Property size
    6,960 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    49-07-36-134-015.000-700
    APU
    490736134015000700

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0435
    Latitude
    39.7955
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,734
    $659,900
    $549,300
    $1,209,200
    -
    $659,900
    $549,300
    $1,209,200

    Comparable in this City

    • Value Estimation by Request
      53,070 SF

      2301 Post Dr

      HOTEL/MOTEL • 53,070 SF
      2301 Post Dr, Indianapolis, IN 46219-1979
      View Details
    • Value Estimation
      $4,980,000
      21,066 SF

      7035 Western Select Dr

      HOTEL/MOTEL • 21,066 SF
      7035 Western Select Dr, Indianapolis, IN 46219-1763
      View Details
    • Value Estimation
      $750,000
      38,095 SF

      7050 21st St

      HOTEL/MOTEL • 38,095 SF
      7050 21st St, Indianapolis, IN 46219-1708
      View Details
    • Value Estimation by Request
      20,280 SF

      8850 21st St

      HOTEL/MOTEL • 20,280 SF
      8850 21st St, Indianapolis, IN 46219-1937
      View Details
    • Value Estimation by Request
      23,364 SF

      7040 21st St

      HOTEL/MOTEL • 23,364 SF
      7040 21st St, Indianapolis, IN 46219-1714
      View Details
    • Value Estimation by Request
      31,682 SF

      2311 Shadeland Ave

      HOTEL/MOTEL • 31,682 SF
      2311 Shadeland Ave, Indianapolis, IN 46219-1700
      View Details

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      Corner lot with high traffic, near major roads and landmarks.
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    Similar Nearby for Lease

    • $3 SF/Yr
      320,219 SF

      Franklin Road Warehouse Space

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      Industrial Space with Highway Visibility

      Industrial property offering dock access and convenient highway access.
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    • $4 SF/Yr
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      Industrial Space Available for Lease

      173,040 SF industrial space with easy highway access.
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    • Contact for pricing
      1,966 SF

      Retail Space on Washington Street

      Retail space for rent with high visibility and access.
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    • Contact for pricing
      2 SF

      Mixed-Use Property with C-5 Zoning

      Mixed-use property with retail, office, and storage near I-465.
      471 South Ritter Ave, Indianapolis, IN 46219
      View Details
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    Indianapolis, IN 46219-1761
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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