Technical
Financial
Distress signals
Property profile

9625 Meridian St Carmel, IN 46290

OFF-MARKET
Hotels
Property ID
US31-2941643
189,109 SF 6.05 ac lot Built 2015
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2015
Construction CONCRETE
Total area 189,109 SF
Lot 6.05 ac (263,538 SF)
APN 29-13-11-000-025.002-018
UPID US31-2941643

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9625 Meridian St Carmel, IN 46290-1009
Carmel metro Census 111104 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$15.55M
Comparable Approach Comparable
$17.83M
Blend (final) Blend
$16.69M

Owner & transaction history

since 2014
2 recorded transactions
2018
Price N/A
2014
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $25.9M +32.7%
Restaurant $24.1M +23.2%
Auto repair, garage $21.2M +8.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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