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Property profile & analytics
OFF-MARKET
Estimated value
$6,680,000
Hotels
9765 Crosspoint Blvd Indianapolis, IN 46256-3346
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0570556
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1995
Construction
WOOD
Total area
55,526 SF
Lot
2.25 ac (98,010 SF)
APN
29-14-12-003-013.000-006
UPID
US31-0570556
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
-
Residence Inn Indianapolis Fishers Hotel & Motel
-
9765 Crosspoint Boulevard Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.64M
CAP Approach
CAP
$4.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.68M
Owner & transaction history
Fisher Hotel LLC · 3 yrs held
Fisher Hotel LLC
since 2022
Last sale
$8.2M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.5M
+256.7%
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
$6,350,000
ML approach
$6,635,000
CAP Approach
CAP Return
Estimation
6%
$4,350,000
6.5%
$4,015,000
7%
$3,730,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,515,000
Change: +257% · Conversion: Difficult
Blend value · Realmo final
$6.68M
Range $6.01M – $7.35M · ±10% · vs last sale $8.20M (Nov 15 2022)
Last sale anchor
$8.20M
Nov 15 2022
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
$120 / 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
$82,632
Tax year 2023
Assessed value
$3,740,500
Assessed 2023
Previous assessed
$3,740,500
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,125,000
Assessed improvement
$2,615,500
Land market value
$1,125,000
Improvement market value
$2,615,500
Total market value
$3,740,500
Applied tax rate
6.0000
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
1995
Construction
WOOD
Heating
NONE
Stories
3
Units
78
Total area
55,526 SF
Lot
2.25 ac (98,010 SF)
APN
29-14-12-003-013.000-006
UPID
US31-0570556
Jurisdiction
HAMILTON
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
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
1995
Construction
WOOD
Heating
NONE
Stories
3
Units
78
Lot
2.25 ac
Current owner
From public records · entity-resolved
Fisher Hotel LLC
Entity
Mailing address
20755 WILLIAMSPORT PL STE #290, ASHBURN, VA 20147-6523
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
$8,200,000
Fisher Hotel LLC
Crosspoint Blvd Hotel Partners LLC
Limited Warranty Deed
$6,748,000 · American Bank NA
May 17, 2021
—
Crosspoint Blvd Hotel Partners LLC
Rlj II R Fishers LLC
Special Warranty Deed
$11,150,000 · Crosspoint Blvd Hotel Partners LLC
Jul 7, 2006
—
Rlj II R Fishers LLC
Ri Fish LLC
Special Warranty Deed
$504,548,870 · Wachovia 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.
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