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Property profile & analytics
OFF-MARKET
Estimated value
$7,270,000
Hotels
7801 Bussing Dr Evansville, IN 47725-6728
Entity Owned
4-yr Hold
Free & Clear
Property ID
US31-0909138
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
144,566 SF
Lot
1261.49 ac (54,950,635 SF)
APN
82-06-04-034-096.009-020
UPID
US31-0909138
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
-
National Car Rental Car Rental Facility
-
The Iron Compass Restaurant
-
Enterprise Rent-A-Car Car Rental Facility
-
Alamo Rent A Car Car Rental Facility
-
Delta Cargo Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.27M
Blend (final)
Blend
$7.27M
Owner & transaction history
Bg H LLC · 4 yrs held
Bg H LLC
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.1M
+52.1%
Auto repair, garage
$10.5M
+44.8%
Retail stores
$9.0M
+23.9%
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 Evansville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evansville 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,270,000
Current use
RESTAURANT
$11,055,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,525,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$9,005,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$6,700,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,160,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$7.27M
Range $6.54M – $8.00M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$50 / 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
Applied tax rate
12.0000
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
1987
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
12
Stories
2
Rooms
51
Bathrooms
13
Total area
144,566 SF
Lot
1261.49 ac (54,950,635 SF)
APN
82-06-04-034-096.009-020
UPID
US31-0909138
Jurisdiction
VANDERBURGH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.3M
RESTAURANT
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$10.5M
RETAIL STORES
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.2M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
12
Rooms
51
Bathrooms
13
Lot
1261.49 ac
Current owner
From public records · entity-resolved
Bg H LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7801 BUSSING DR, EVANSVILLE, IN 47725-6728
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Bg Kvp North LLC
—
Deed
related
$1,000,000 · American National Insurance Co
Mar 24, 2022
—
Bg H LLC
Warehouse Services No 5 LLC
Lease
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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