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Property profile & analytics
OFF-MARKET
Hotels
9515 Pendleton Pike Indianapolis, IN 46236-2772
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US31-0698770
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
WOOD FRAME
Total area
21,598 SF
Lot
2.28 ac (99,143 SF)
APN
49-08-08-106-006.000-407
UPID
US31-0698770
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
-
Marketing Products & Services Marketing & Advertising IT Consulting Firm
-
Extended Stay America - Select Suites Indianapolis - Lawrence Hotel & Motel Vacation Rental
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
Value Place Indianapolis Of North · 12 yrs held
Value Place Indianapolis Of North
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$85,902
Tax year 2023
Assessed value
$3,335,500
Assessed 2023
Previous assessed
$3,335,500
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$501,400
Assessed improvement
$2,834,100
Land market value
$501,400
Improvement market value
$2,834,100
Total market value
$3,335,500
Applied tax rate
407.0000
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
Status
Off-Market
Year built
2008
Construction
WOOD FRAME
Heating
NONE
Buildings
2
Stories
4
Total area
21,598 SF
Lot
2.28 ac (99,143 SF)
APN
49-08-08-106-006.000-407
UPID
US31-0698770
Jurisdiction
MARION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Construction
WOOD FRAME
Heating
NONE
Stories
4
Buildings
2
Lot
2.28 ac
Current owner
From public records · entity-resolved
Value Place Indianapolis Of North
Individual
Mailing address
1997 ANNAPOLIS EXCHANGE PKWY STE #550, ANNAPOLIS, MD 21401-3294
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2018
—
Woodspring Suites Indianapolis
—
Grant Deed
related
$810,000,000 · Citi R/e Fndg INC
Oct 10, 2013
—
Value Place Indianapolis Of North
Agbl Lawrence Owner LLC
Grant Deed
related
—
Mar 23, 2007
—
Liberty Vp Lawrence LLC
Pendleton Pike Developers LLC
Warranty Deed
—
Jul 7, 2006
$160,000
Pendleton Pike Developers LLC
Kocolene Marketing LLC
Grant Deed
$170,000 · Finance Ctr FCU
—
—
Agbl Lawrence Owner LLC
—
Loan Modification
related
—
—
—
Bsrep II Ws Indianapolis Lawre
—
Deed Of Trust
related
$870,000,000 · Citi R/e Fndg INC
—
—
Agbl Lawrence Owner LLC
—
Deed Of Trust
related
$2,676,835 · Us Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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