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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Hotels
8930 Wesleyan Rd Indianapolis, IN 46268-1148
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US31-0365045
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Construction
TYPE NOT SPECIFIED
Total area
29,404 SF
Lot
1.63 ac (70,785 SF)
Zoning code
ZO01
APN
49-03-18-101-020.000-600
UPID
US31-0365045
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
-
Home2 Suites by Hilton Indianapolis Northwest Hotel & Motel
-
Lawerence N high school High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$795k
Owner & transaction history
Shoaib LLC
Shoaib LLC
since 2026
7 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+74.1%
Retail stores
$1.1M
+68.4%
Auto repair, garage
$955,000
+42.2%
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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$670,000
Current use
MEDICAL BUILDING
$1,165,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$1,130,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$820,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$27 / 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
$155,031
Tax year 2023
Assessed value
$6,646,000
Assessed 2023
Previous assessed
$6,646,000
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$545,000
Assessed improvement
$6,101,000
Land market value
$545,000
Improvement market value
$6,101,000
Total market value
$6,646,000
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
2018
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Units
184
Total area
29,404 SF
Lot
1.63 ac (70,785 SF)
Zoning code
ZO01
APN
49-03-18-101-020.000-600
UPID
US31-0365045
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
HOTEL/MOTEL Current
Est. value
$670,000
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$820,000
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2018
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Units
184
Lot
1.63 ac
Current owner
From public records · entity-resolved
Shoaib LLC
Entity
Mailing address
9078 UN CTR BLVD STE #350, WEST CHESTER, OH 45069-4992
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2026
$14,971,477
Shoaib LLC
Lhg Indy LLC
Special Warranty Deed
$11,256,750 · Park National Bank
Aug 12, 2022
—
Lhg Indy LLC
—
Deed
related
$11,850,000 · Heartland Bank
Nov 20, 2018
—
Carmel Hotel Group LLC
Shiv Krupa Motel INC
Deed
$8,000,000 · Centier Bank
Sep 29, 2017
—
Shiv Krupa Motel INC
—
Grant Deed
related
$11,000,000 · Centier Bk
Jul 27, 2017
$550,000
Shiv Krupa Motel INC
Monaco Hotels LLC
Warranty Deed
—
Jul 17, 2017
—
Evergreen Motor Lodge INC
Pedigo,gerald K
Warranty Deed
related
—
Dec 7, 2009
—
Monaco Hotels LLC
Evergreen Motor Lodge INC
Corporation Deed
$684,000 · Centier Bank
May 21, 2008
—
Evergreen Motor Lodge INC
Pedigo,gerald K
Warranty Deed
$734,000 · Centier Bank
—
—
Monaco Hotels LLC
—
Deed Of Trust
related
$592,000 · State Bk&tr
—
—
Monaco Hotels LLC
—
Deed Of Trust
related
$591,145 · Three Rivers FCU
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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