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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Hotels
8468 Un Chapel Rd Indianapolis, IN 46240-4344
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-0045722
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
WOOD
Total area
17,221 SF
Lot
1.76 ac (76,666 SF)
Zoning code
ZO01
APN
49-02-19-119-005.000-800
UPID
US31-0045722
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
-
TownePlace Suites Indianapolis Keystone Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$754k
Blend (final)
Blend
$700k
Owner & transaction history
Keystone Investment LLC · 2 yrs held
Keystone Investment LLC
since 2023
5 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$850,000
+116.8%
Retail stores
$745,000
+89.4%
Restaurant
$705,000
+79.4%
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
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
OFFICE BUILDING
$850,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$745,000
Change: +89% · Conversion: Difficult
RESTAURANT
$705,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: +74% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$505,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$41 / 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
$119,961
Tax year 2023
Assessed value
$4,726,400
Assessed 2023
Previous assessed
$4,726,400
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$1,433,700
Assessed improvement
$3,292,700
Land market value
$1,433,700
Improvement market value
$3,292,700
Total market value
$4,726,400
Applied tax rate
800.0000
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
1999
Construction
WOOD
Heating
NONE
Buildings
2
Stories
3
Units
164
Total area
17,221 SF
Lot
1.76 ac (76,666 SF)
Zoning code
ZO01
APN
49-02-19-119-005.000-800
UPID
US31-0045722
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, IN
Zoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indianapolis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$850,000
RETAIL STORES
Est. value
$745,000
RESTAURANT
Est. value
$705,000
MEDICAL BUILDING
Est. value
$685,000
INDUSTRIAL (GENERAL)
Est. value
$505,000
OFFICE BUILDING
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (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
1999
Construction
WOOD
Heating
NONE
Stories
3
Buildings
2
Units
164
Lot
1.76 ac
Current owner
From public records · entity-resolved
Keystone Investment LLC
Entity
Mailing address
2406 HOGANS ALY, CHESTER, VA 23836
Ownership since
2023
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
Aug 4, 2025
—
Keystone Investments LLC
—
Deed
related
$4,000,000 · Kentland Bank
Dec 7, 2023
—
Keystone Investment LLC
Seal Keystone LLC
Special Warranty Deed
$3,772,500 · State Bank
Jul 24, 2015
—
Seal Keystone LLC
First Int LLC
Special Warranty Deed
—
Jun 8, 2006
—
First Int LLC
Dominion Hospitality-indianapo
Warranty Deed
$8,454,435 · Standard Insurance Co
—
—
First Int LLC
—
Loan Modification
related
$4,030,000 · Republic Bk/chicago
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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